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Don't Waste Your Money on Travel Insurance
Finally, after a long winter locked up inside the house, it's time to get out, feel the sunshine, and head off on your Spring vacations. But while you're picking flights, reserving hotels and scouring local shops for a hot new swimsuit, you can cross one thing off your list of travel preparations: buying insurance.
Sounds risky, right? What about all your stuff? What if you get injured and need medical assistance?
Chances are, you're already covered. Homeowners and medical insurance cover most everything to do with traveling, and credit cards and automobile clubs often pick up the rest.
That being said, don't take my word for it. Check your insurance policies before your trip, and if it turns out you do need to pick up some additional coverage, check out these helpful tips from Consumer Reports.
So here I was, feeling guilty for all the "uninsured" trips I've taken over the years, only to find out, I was probably fine.
Filed under: Business
Reader Comments (Page 1 of 1)
Michael Kelly Apr 20th 2007 11:17AM
TRAVEL INSURANCE
Last year, we medically evacuated more than 2,100 individuals. That’s an average of more than 5 medical evacuations per day. In addition, we repatriated the mortal remains of 120 individuals, or one every other day.
It is also important to know that the medical evacuation benefit is almost never available on employer based insurance policies and rarely on so called “Medicare plus” plans. Additionally, virtually all of these plans mean that the consumer must pay all their bills first and then submit them for consideration. A case in point, the average cost to bring a patient who has broken their hip back from Europe exceeds $15,000 which is beyond most people’s means, credit card limits and abilities to manage a financial transaction in a foreign currency, with one or two days notice in a life or death situation.
What this means is that even the healthiest and wealthiest amongst us get sick and need medical attention. With the numbers of “baby boomers” traveling, the increased numbers of solo travelers and an emerging trend towards adventure or reality travel to exotic locations around the globe, there’s never been a greater need for travel insurance.
Michael Kelly
President & CEO, On Call International
Salem, NH
Tel: 603 328 1791