4 Myths About Travel Insurance

Last Updated on 11/4/2020

Do you know what kills the excitement of planning a new adventure faster than the thought of having to shell out more cash for travel insurance? The thought of having to shell out even more cash if you don’t have travel insurance.

Unfortunately, misconceptions about trip insurance can prevent travelers from taking the extra steps necessary to protect themselves. While it’s true that travel coverage does cost more, it’s a small price to pay in the event an emergency pops up and completely derails your plans. 

Here are the top four travel insurance myths dispelled. 

Myth 1: Travel Insurance is Too Expensive

When you’re traveling, it’s safe to say you cannot foresee the cruise line misplacing your luggage or needing to be airlifted to a hospital. Luckily, most plans includes the cost of a new wardrobe and medical evacuations.

When you take into account that an emergency situation necessitating a medical evacuation could cost upwards of $50,000 (eeek…that’s expensive!), spending $30 on a policy to insure your trip seems like a no-brainer. Plus, you’ll have access to 24/7 emergency assistance services with your insurance plan. Considering how much travel insurance costs compared to the price of not having proper trip coverage, we would go so far as to say that it is too costly not to get insurance as a traveler.

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Pro Tip: The best way to find affordable coverage without missing out on comprehensive benefits is to use a comparison site like Yonder. You’ll be able to compare the top travel insurance provider’s policies side-by-side, ensuring you’re getting the coverage you need most.

Myth 2: Applying For Travel Insurance is Difficult

Luckily for you, finding a travel insurance plan has never been easier. Our experts have gone over tons of policies from numerous insurance companies in order to guarantee we’ll find the best trip coverage. Regardless of whether or not you are cruising, flying, or touring, we can provide an instant quote with a policy that is unique to your travel style. 

Myth 3: My Medical Insurance Provides Enough Coverage

While you may feel like opting for extra medical insurance for your upcoming trip is unnecessary, we’re here to tell you that isn’t the case (and is one of the biggest insurance myths!). Sure, you can spend that money on other activities on your trip, but you also may be unaware of the small print on your existing major medical insurance that could leave you without coverage if an accident were to happen. 

Some areas your current health insurance does not cover include: medical evacuation, emergency transportation home, traditional medical costs, hospital confinement allowance, trip cancellation and trip interruption. The list can go on since different policies offer different benefits for medical coverage, but we think you’re starting to get the idea. 

Myth 4: My Credit Card Has Travel Insurance

Unfortunately, not every credit card has travel insurance, so make sure to look carefully at its conditions before going on your trip. Even if you do have coverage, you most likely won’t have nearly the same amount of coverage or flexibility to increase coverage or cancel as you would with a comprehensive policy. If you use your affinity program to book flights, then you will be protected for any travel inconvenience in the event that your flight gets delayed or cancelled. Other than that, other medical expenses may not be covered unless it’s clearly specified in the insurance provider’s policy. 

If your bank card travel perks are not up to par with your traveling needs, we can help make sure you have any other needed coverage. Learn more about our comprehensive insurance plans and compare them today.

All in all, travel insurance is a vital part of preparing for your next trip that many unfortunately overlook –until they experience an emergency or accident on their vacation. Buying a policy can save you thousands of dollars and provide you with the inner peace you need to travel with confidence!

Start the travel insurance plan comparison process right now to find the best insurance for you by using our instant quote tool. You can even email your travel insurance quote to yourself to review it another time or reach out to us at [email protected]

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