Travel Insurance – do I need insurance for a holiday in the UK?
You're about to make your first trip outside of America, and you're starting to have a case of the nerves. You keep thinking about losing all that money for the ticket, your flights being canceled, or something worse! But don't let that get the best of you because one way to take some weight off your shoulders is by purchasing travel insurance.
In this post we are going to discuss just what travel insurance is and talk about how it can lessen some financial worries for travelers. We will look at different types and explain what exactly their coverage entails as well as who should purchase them... etc. It might not be 100% essential but it'll help take some anxiety off of you during a time when you really need it most.
What is travel insurance?
Some of the most common questions picked up by travelers are "Should I purchase health insurance before I leave?," or "Do I really need travel insurance?" or "Is it the same as buying a policy on my American phone or bank account?" The answers to all of these questions are usually yes, unless you're traveling with a bunch of friends.
In January 2011, there were 58 million Americans traveling abroad, according to the US State Department. This is roughly the same number that leaves our great country each year. Unfortunately not everyone pays attention when it states that Americans overseas should have a reserve fund when they're hitting their credit card monthly limit.
So what is travel insurance?
You can think of travel insurance in a few different ways. It can be viewed as your personal health insurance for your trip, or your home owners insurance for the trip itself, or a personal liability policy that covers you in case something happens to you or someone else while you're away.
In order to understand why it's important to have these policies in place, we need to look at the three main reasons we travel:
First and foremost would be just having fun on vacation and not worrying about paying rent or mortgage! There are many more tourists traveling than ever before, so the need for international travel insurance is only going up.
The second reason would be to make sure you and all of your travel companions have adequate coverage for any emergency situations that may arise.
The third reason to purchase travel insurance is because it's a good idea to get a policy that includes coverage for lost luggage, accidental death or dismemberment of a traveler (yes, this actually happens) and medical evacuation for travelers. Many insurance policy holders are able to enjoy up-to-date medical coverage while traveling overseas.
Travel Insurance – Do I need it?
There are many different types of travel insurance available at all price points. Some policies are paid for by your credit card, and others are paid for with a lump sum payment or yearly premiums.
Before you decide whether travel insurance is right for you, you should take a look at the type of trip you're taking to determine how important it is to have the coverage in place. Most of the time it's only necessary for longer trips (many places offer extended medical coverage) and trips that involve more than just a few days away from home.
If you're headed out on a European vacation in July, being able to get an affordable policy from CitiHotspots could actually save money in terms of buying flights without having to pay full price.
Naturally, the more you plan on spending on your trip, the more important it is to get travel insurance. There are many types of plans available that are designed for those looking for coverage for vacations costing up to $2,000.
Please keep in mind that your credit card company might require a higher premium than what is listed here. CitiHotspots offers great car rental insurance policies that can save you money as well .
If you have a higher budget, or are traveling to more exotic locations, it may be best to look into insuring your trip with a home/renter's policy or with an extended warranty on purchases like electronics and jewelry. In these cases, it's more important to find out about theft and security while traveling.
For example, if you've got some valuables to keep in a safe, it's important to take coverage with you. Having good travel insurance can cover the policy replacement cost for lost or stolen belongings.
Who should purchase travel insurance?
The most common reason travelers purchase travel insurance is because they want to be prepared for unforeseen situations that could lead to an accident or illness due to some unforeseen circumstance (like bad weather while traveling). Then of course there are those who may want basic medical coverage while on vacation. In these cases, it might be worth checking out policies designed specifically for those who have health concerns when traveling.
Travelers at all price points have bought travel insurance from CitiHotspots .
Regardless of the reason, it's important to get travel insurance because you never know what type of situation might arise when you're away from home. Some emergencies can lead to hundreds or thousands of dollars in medical bills and/or thousands in trip cancellation fees.
Travelers interested in purchasing travel insurance can check out a direct link to one of the top companies here: Travel Insurance .
For those travelers who want coverage for lost luggage, traveler's emergency assistance, evacuation and medical insurance, CitiHotspots offers great policies at affordable prices. There are many different types of plans with different coverage rates.
If I take travel insurance, will I have access to medical care abroad?
It's important to realize that medical coverage can vary greatly from one policy to the next. Some of the options available through CitiHotspots include: emergency accident and sickness coverage, emergency dental and eye care, mental health care and prescription drug coverage.
Many of the policies available through CitiHotspots are designed to provide travelers with access to quality medical facilities. They have a state-of-the-art healthcare system in place that will provide first-class treatment for any ailment or accident you may encounter while traveling. Most policies also include transportation for you or a family member should an emergency arise during your trip.
Conclusion
You'll get the best prices and coverage when you buy from CitiHotspots because we never have to add a markup to your costs. In addition, plan holders will benefit from the use of our 24-hour claims department and same day payment systems.
When you travel, CitiHotspots has a wide variety of insurance options that are designed to fit most budget needs. Luckily, they're pretty affordable for those who only plan on traveling for a few weeks or less at a time.
The best way to have peace of mind is to get travel insurance from CitiHotspots - you can't put a price on the peace of mind that comes with knowing you're covered while traveling away from home.