Should I Buy Travel Insurance?

Many people wonder if they should buy travel insurance or if it is a rip off?  In fact, I recently read an article about the top 10 travel purchases you don’t need and one was travel insurance.  My mouth literally dropped open! I am shocked that any reporter who really dug into the facts could tell you that you don’t need travel insurance. Sure there are times that travel insurance may not be the wisest choice, but if you are buying a package, cruise, or tour and are spending a good amount of money – buy travel insurance!

Travel purchases are usually non-refundable.  Below I have listed some typical penalties for travel purchases.

Airline tickets: Most airline tickets are non-refundable.  Personally, I probably would not buy travel insurance for basic airline tickets.  You can change an airline ticket for $50-$150 (depending on the airline).  Travel insurance would cost $25-$50.  I would weigh the likelihood of needing to change a ticket, which is fairly unlikely.  I would probably elect to just pay the change fee if I needed to change my tickets.

Vacation packages/cruises: If your plans change, your right to a refund is limited.
Example of cancellation policy on a recent vacation package:
Price paid – $3,990
Cancel up to 14 days prior – penalty of $1,200
Cancel 13 days or less prior – non-refundable
Average cost of trip insurance:  $101 (price varies due to age of customer and coverage selected)

It’s kind of a no-brainer! I don’t know about you, but if I spend $2,500-$10,000 on a vacation and an emergency happens, and I cannot go on that trip, I can’t afford to throw that money away.

Here are a few reasons to purchase travel insurance:

  • Trip cancellation – protects your investments if a trip is cancelled or interrupted because of a family medical emergency or death, you lose your job, or a hurricane blows through your destination. If you must cancel due to a covered reason, you receive a refund.
  • Trip delay – provides reimbursement for unused expenses and additional costs for transportation if a flight delay causes your connection to be missed for 12 hours or more.
  • Baggage delay
  • Emergency medical evacuation
  • Emergency medical expenses
  • 24/7 travel assistance

Insurance has many variables. There are several travel companies who offer travel insurance or you can purchase insurance through an outside party.  Ask your travel agent to advise which plan is best for you!

Kimberly Roche, CTIE
AurTravel
Contact: (402) 891-6909 / (800) 304-1452 / kroche@aurtravel.com

Kim Roche, AurTravel
Kim Roche, AurTravel

About Kim Roche
Kim Roche serves as the Business Development Manager of AurTravel. Responsible for the development and growth of AurTravel’s corporate, incentive, and group travel business as well as marketing the services of the agency’s newest division, Amazing Honeymoons, Kim has over 23 years of experience in the travel industry, including 13 spent in sales and management capacities. Kim holds numerous designations and certifications, including Certified Travel Consultant (CTE), Certified Travel Industry Executive (CTIE), Western Europe Specialist, and Disney Specialist.

One comment

Leave a Reply

Your email address will not be published. Required fields are marked *