Curiosity is the foundation for travel.
We want to explore, taste, try, see, and investigate other cultures, landscapes,
and their varied, exciting histories.
But traveling is typically not cheap and comes with its own risks. As Alice said as she stared
into the rabbit hole to Wonderland… “curiosity often leads to trouble”.
How can we protect ourselves from the unknown? Easy. In the same way, we protect our health,
our cars, and our homes - with insurance. Today, I’ll cover all the ins and outs
of travel insurance policies, including where to find and buy one. Additionally,
I will share what most travel insurance policies cover. I’ll also discuss the advantages and
disadvantages of travel insurance and whether it’s worth investing in for your next adventure.
Hey everyone, tis I, James, and this is ViaTraveler’s YouTube channel.
If you want to explore the world, via video you’ve reached the right spot. Please be sure
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CHUNK 1
The memories we make during our travels stay with us! They affect everything
from our imaginations to our tastebuds, as well as our empathy and acceptance
of others. But with adventure comes risk. Anything can happen, from cancellations to
medical emergencies, theft, and accidents, and it’s always best to be prepared!
Travel insurance protects you, your plans, and all the hard-earned money that went into
organizing your journey. Having this kind of coverage helps you rest easy and enjoy
yourself as you plan to explore the world and nab those epic photo opportunities.
When you book your trip, many sites offer travel insurance from third-party sites,
but you can always research and find a company to work with on your own.
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Companies like Travelinsurance.com and Aardy.com are open marketplaces where
you can review many options at once, like AIG, Expedia, or Travelocity. You see, policies are
state-regulated, so these types of sites take all your submitted information and find you the best
options for you, your destination, and your needs. They also provide you with customer reviews and
experiences to determine what will work best for your adventure. This process saves you
considerable time and energy because one-stop shopping is always easier! You simply choose
the right policy at the right price and any supplemental coverage to suit your needs.
Then there are sites like worldnomads.com that understand the challenges travelers face
in different countries worldwide and have plans specifically designed for those locations.
Did you eat something exotic, or do you have a medical emergency? Could a potential hurricane
disrupt your jet ski tour? Are pickpockets or theft a problem in your destination?
Understanding where you are going and what possible complications may arise
helps you stay safe and protected along the way. It also helps you choose a plan!
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While all insurance companies offer insurance for a single trip,
others offer options for frequent travelers. If you plan to spend an
entire year wandering the globe, you can stay covered wherever you roam!
So, what does travel insurance include? Well, that will depend on the company and policy you choose.
However, there are some standard protections almost every policy covers, like cancellations,
delays, baggage loss, and with some exceptions, medical and emergency benefits.
These are the top advantages of opting in for travel insurance:
Your average health insurance plan probably won’t cover a stay in a foreign hospital or clinic.
So, whether it’s a broken limb, an unexpected illness, or a complication,
travel insurance helps ensure you are taken care of abroad. It also protects your entire investment
if you need to cancel plans due to a medical emergency before or during your trip.
Side note, you’ll want to review any plan for Covid coverage. Most companies are not
currently paying out claims for those who come down with Covid on their travels, so buyer beware!
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Do you like to plan your vacations far in advance? Sometimes life
gets in the way of our best-laid plans. You could lose your job, get called for jury duty,
or the area you wanted to visit could experience war or a natural disaster.
You could lose thousands of dollars if you didn’t choose refundable airline tickets, hotel stays,
or excursions! Basic travel insurance will keep your funds safe from these kinds of complications.
Lost baggage and stolen goods are other significant reasons to invest
in travel insurance, depending on what you plan to bring with you on vacation.
Connecting flights and foreign airports sometimes leave us standing around baggage claims
wondering where our stuff went! Whether it’s technology, jewelry, or footwear,
we don’t want to lose our high-priced items when we leave home. Consider what you bring with you,
and make sure you choose a plan that protects all your expensive things!
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At the end of the day, the best advantage of travel insurance is your sense
of security. Ultimately, this helps you enjoy yourself more and enables you to rest easy,
immerse yourself in the experience, and relax, worry free!
Isn’t that what going on vacation is all about? A little R&R?
With most travel insurance policies costing 5-6% of your overall vacation budget, it is both a pro
and a con worth considering. On the one hand, you’re saving money if you have to cancel or
cut your trip short. On the other, depending on your add-ons, travel insurance can get expensive.
There are a few other disadvantages to travel insurance that need mentioning too!
Insurance companies are in the business of making money and ultimately
don’t really want to pay out on claims.
There is always a chance your insurance provider will deny you coverage or claim reimbursement.
So, be sure to consider the right add-ons when selecting the plan.
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Are you planning on hiking, biking, watersports, or other outdoor activity?
You’ll want to ensure the medical plan covers injuries on such active excursions.
Have a preexisting condition? Before accepting a plan, check if the insurance will cover you,
or if you need additional coverage to help you in case your asthma or IBS flair ups.
My biggest piece of advice is to read the plan.
All of it. It can be a pain - it could also save you a mint.
Whether a technicality or a loophole, you must read the fine print of
any policy you purchase! Those terms and conditions pages are lengthy,
but it could save you a giant headache or disappointment later on.
FINALE
So, is travel insurance worth it? Well, there is certainly a solid case to buy,
as the pros outweigh the cons here. This is especially true if you’re traveling overseas,
looking to indulge in extreme sports, have a pre-existing medical condition,
or are headed somewhere you’ve never been before and can’t anticipate the concerns that may pop up!
Almost every travel expert (self-included) suggests purchasing travel insurance simply
because it’s better to be safe than sorry. You work hard to find the time off and
to fund these big trips. Is it worth 5-6% of the cost to cover the unknown?
While that’s all up to you, we here at ViaTravelers certainly think so!
So, there you have it, fellow adventurers! Travel Insurance explained! Hopefully, we
helped answer your most pressing questions on this subject. Once you are informed, you can make the
best decisions for yourself. Remember to like this video and subscribe to the channel to keep up with
our latest travel adventures! Thank you so much for watching, and I’ll see you in the next one!
Ciao Bella.