Should you purchase travel insurance?
There is no cut and dry answer to this question. First we recommend using a credit card to purchase your flight that offers travel insurance as a perk. See below for an example.
Medical travel insurance is not covered by most credit cards. If you tend to get sick or have a preexisting condition then travel insurance might be a good idea. When traveling overseas many countries demand payment up front. If you have medical coverage always check with them to see if they offer coverage overseas.
Helpful websites –
#travelinsurance #yourcovered #travelingmovesme
Here is what is covered by Chase Sapphire**:
**As of 3.3.2017
TRIP CANCELLATION/TRIP INTERRUPTION INSURANCE
If your trip is canceled or cut short by sickness, severe weather or other covered situations, you can be reimbursed up to $10,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
AUTO RENTAL COLLISION DAMAGE WAIVER
Decline the rental company’s collision insurance and charge the entire rental cost to your card. Coverage is primary and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most rental cars in the U.S. and abroad.
TRAVEL ACCIDENT INSURANCE
When you pay for your air, bus, train or cruise transportation with your card, you are eligible to receive accidental death or dismemberment coverage of up to $500,000.
TRAVEL AND EMERGENCY ASSISTANCE SERVICES
If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance. (You will be responsible for the cost of any goods or services obtained.)
LOST LUGGAGE REIMBURSEMENT
If you or your immediate family members’ checked or carry-on bags are damaged or lost by the carrier, you’re covered up to $3,000 per passenger.
TRIP DELAY REIMBURSEMENT
If your common carrier travel is delayed more than 12 hours or requires an overnight stay, you and your family are covered for unreimbursed expenses, such as meals and lodging, up to $500 per ticket.
BAGGAGE DELAY INSURANCE
Reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 5 days.