You may or may not need travel insurance for your next trip – InsuranceNewsNet

With the unofficial start of summer, and after more than two years of pandemic uncertainty, travelers are ready to leave – no matter the high prices.

Americans are expected to spend on average $2644 on summer vacation, up 30% from 2019, according to the latest Vacation Confidence Index from insurance companies. Allianz Partners USA.

However, as the number of COVID-19 cases rises again, Hurricane Agatha hit the mexico city and Atlantic hurricane season begins June 1stthese long-awaited vacation plans are still subject to change.

Fifty percent US adults were forced to cancel a trip due to COVID-19, according to a Forbes Advisor poll in April, and more than 80% of those who canceled a trip lost money.

“If you book a trip and don’t worry about losing all that money in the event of an accident, illness, or a hurricane that interrupts the trip … then it’s okay, but I think most people are not so lucky,” he said. Jeremy MerclandPresident of Seven Corners Insurance Company.

Travel insurance can help protect sunk vacation expenses, but it’s especially useful when trips go awry.

Is it worth paying

for travel insurance?

It depends. For relatively common things like flight disruptions, domestic travelers already have some protection through Department of Transport, which requires airlines to refund funds in the event of canceled or significant flight delays. Lending companies will also meet the needs of customers.

“Your credit card is phenomenal…for challenging any transaction,” said an independent personal finance expert. Matt Graniteknown as The Deal Guy on YouTube.

Hotels and rental companies may make exceptions or rebook guest stays under reasonable circumstances, even if the stated policy states that refunds for last-minute cancellations are not available.

Theme parks generally do not issue refunds for tickets, but often work with guests facing emergencies and COVID-19.

Many cruise lines, such as Carnival and Norwegian, will offer future cruise credit for guests who contract COVID-19 within days of sailing, but they may not be as flexible if guests cancel for other reasons.

Travel insurance can help clients who want refunds rather than schedule changes and other benefits, but it’s most important for travelers who get sick or injured abroad. “Accidents happen to people. Such is the reality. So travel insurance only becomes important for your own protection, not just financially,” said Murchland.

Daniel Durazodirector of external communications Allianz Partners USA, says they conduct an average of one medical evacuation every week. “They tend to be very expensive,” he said.

My health insurance

cover international travel?

Many times, no.

“Many domestic health plans don’t collect,” Murchland said. “They either don’t provide any insurance outside of the country, or it’s out of the network; you have to pay out of your own pocket. They do not provide evacuation or repatriation services. So it’s just very limited.”

He says hospitals abroad can…

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