Why travel insurance is essential for a trip abroad

A supervising holiday is a time of great fun and it seems a shame to think about the things that can go wrong, but just because you’re in another country there’s no reason to assume you’re any less likely to fall foul of any of the dangers of everyday life. Theft, loss, and medical emergencies are at least as likely to affect you during your vacation, and the experience will be even more traumatic if you’re not covered and have to bear the full brunt of any financial loss. Instead of seeing travel insurance as an unwelcome expense, remember that what you’re paying for is the peace of mind that you’ll be able to relax and enjoy your vacation, not worrying about what you’ll do if something goes wrong. Travel insurance is a vital part of any overseas holiday, whether you’re a fit young backpacker, an elderly traveler joining a group tour or a young family on a resort holiday.

If you’re still not convinced, check out these reasons why you might need travel insurance.

1) Doctor

Australian Government statistics tell us that Australian consulates deal with 900 deaths and 1200 hospitalized foreign traveler cases each year. Hospitals in Southeast Asia can cost upwards of $1000 a day and if the traveler does not have insurance coverage, they are likely to be entirely responsible for the cost. The same government statistics indicate about 50 medical evacuations per year. When you consider that you may have to pay $100,000 to be evacuated from the United States, you can see how important it is to be insured.

2) Loss

Things get lost when you travel. Luggage gets lost at airports and wallets stolen when you visit unfamiliar cities where you’re not as savvy as you would be at home. As long as you have insurance coverage, however, there’s no need to be paranoid. Losing your property is always frustrating, but having insurance is the difference between a temporary inconvenience and a costly disaster that could ruin your entire vacation.

3) Flight cancellation

Flight cancellations are quite common and extremely stressful. At the very least you can find yourself hanging around an airport for hours. If you have connecting flights or transfers, the ripple effect can be much worse and very costly. Even if you don’t, you may suddenly find yourself having to arrange extra accommodation at the last minute, or you may lose one or more prepaid nights of accommodation at your destination. Sign up for basic travel insurance and you’ll be covered for any of these issues.

4) Acts of nature

If you get stranded overseas due to an act of nature like a hurricane or typhoon, you may be covered by your insurance. If you travel to an area with a high risk of such phenomena, it is a good idea to make this a priority when choosing your policy, as it is not always covered.

5) Personal circumstances

Unforeseen circumstances in your personal life could mean that you have to cut short your trip or even postpone it altogether. You never know when you’ll fall ill or suffer a family death. Travel insurance will allow you to recover part of the costs of your postponed or shortened holiday.

Far from being a necessary evil, travel insurance is a safety net to ensure you don’t find yourself needlessly out of money due to your overseas holiday. It doesn’t even have to be expensive. There are many cheap travel insurance deals available, so there’s no reason to leave home without it.

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