The three top reason for buying travel insurance are : peace of mind, protection against the unexpected and concern over losing the financial investment in a trip.
While a majority of those who don’t buy travel insurance are familiar with flight and trip cancellation insurance,many people are unaware of travel health insurance, baggage coverage and medical evacuation insurance. Even among travel insurance buyers, only 50 percent were aware of medical evacuation insurance.
There’s yet another kind of insurance that's available to air travelers that the airlines aren't exactly rushing to tell you about. In fact, they actually wish you didn't know about it. It's called excess valuation.
Reasons to buy travel insurance:
Your flight has been cancelled.
Your bags are lost and your medication is in it. You need to have an emergency prescription filled.
Your passport and wallet are stolen, and you need emergency cash and a replacement passport.
You're involved in an accident and adequate medical treatment is not available. You need medical evacuation.
You need to cancel your trip due to illness.
Your cruise line, airline or tour operator goes bankrupt. You need your non-refundable expenses covered and to get to your destination.
You have a medical emergency in a foreign country.
A terrorist incident occurs in the city where you’re planning to visit and you want to cancel your trip.
A hurricane forces you to evacuate your resort, hotel or cruise.
Here are the basics types of insurance:
Flight insurance
Over the years you probably have noticed those insurance kiosks at airports. They offer to pay out big bucks if you bought the insurance, the plane crashed and you were on it. This is not necessary. In fact, if you annualized the premium, it's the most expensive kind of travel insurance you can buy, and probably the least necessary.
Trip Cancellation and Interruption insurance
This is a biggie. This total depends on what you are protecting. If you're flying on a $59 Southwest Airlines ticket from Burbank to Las Vegas, you have an incredibly small investment to protect. You shouldn't buy trip cancellation and interruption insurance. A $15,000 once-in-a-lifetime cruise vacation? It would be wise to buy this insurance. If you get sick, or miss your trip, or the travel provider (airline, cruise line, bus transfer company) goes out of business, you're not left high and dry. You're covered. Talk to your travel agent at the time you book your trip, they can advice you on the insurance you need.
Health Care insurance
This is perhaps the most confusing area. Most people think they are covered if they already have existing health care insurance. Within the United States, that’s true in most cases. Outside the U.S., however, is a bit iffy. And in some cases, your insurance won't even cover you if you're traveling on a foreign-flagged vessel. This is a huge red flag, since many cruise ships, even those cruising U.S. waters, are not flagged in the U.S.
And in many cases, even if you are covered for basic emergency care overseas, in almost all cases, your current health insurance does not cover you to evacuate you and repatriate you back to the U.S. This is where "Medical Evacuation and Repatriation" insurance comes into play. I believe this is essential for anyone who travels. It's an insurance program (usually an annual premium, not often purchased per trip) where if you get sick or injured overseas the policy will get you treated, stabilized and flown back to the U.S. There are a number of good companies that provide this plan. Ask your travel agent for suggested companies. The annual premium is about $300, and it's the card you hope you never have to use. Make sure you read the fine print. Some companies have policies that provide that they will get you initially treated and stabilized and then send a medically equipped and staffed jet to fly you to the doctor and medical facility of your choice. This is crucial. Other companies that offer this insurance will fly you to the doctor and medical facility of their choice.
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Call Rawhide Travel and Tours and start planning that special vacation or event today. 602-843-5100 or visit our website rawhidetravel.com
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Rawhide Travel and Tours Inc
6008 West Bell Rd # F105
Glendale, Arizona 85308-3793
(602) 843-5100
rawhidetravel.com
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