Travel Insurance
The best way to protect you and your travel investment is with travel insurance.
Great question. The answer is yes. Many travelers thinking their health insurance or free credit card insurance will completely cover their out of pocket expenses. However, that’s often not the case. Consider the reasons below for purchasing travel insurance for your journey.
According to the US Department of State - Bureau of Consular Affairs your domestic health insurance may cover “customary and reasonable” costs overseas. However, they often won’t pay for a medical evacuation back to the US which can cost upwards of $50,000. That’s where Travelex travel insurance plans can help. Additionally, most medicare plans do not cover medical care outside of the United States.
There’s a good chance your credit card provides some coverage for travel insurance. It’s important to check what coverage you actually have, as this can vary depending on your card type. Credit card companies often have a number of conditions in order for their insurance to apply. For example, you may have had to pay for the entire trip using that credit card. For higher benefits coverage, purchase a specific travel insurance plan.
You don’t want to cancel a vacation and lose the money you have invested. If you cancel for a reason listed in your Travelex policy, you may be eligable for reimbursement.
If you are traveling, you may not always have access to the best health care. Your health and safety is a priority. If an emergency medical evacuation is necessary, Travelex may arrange to transport you to the nearest suitable hospital for treatment. Additional hospitalization benefits include transporting a visitor of your choice to stay with you or transporting any traveling children back home.
A trip to the beach isn't much fun without a bathing suit. If your luggage is delayed or lost, Travelex plans go above and beyond. They may refund you for lost, stolen or damaged item, and reimburse you for necessary items you need to buy until your baggage is returned.
I recommend that every one of my clients take out travel insurance on their trip. If you do not want insurance, please fill out the form below for our mutual records.