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Buying Travel Insurance - Do You Really Need It?

Updated on February 7, 2017
Do you really need to buy travel insurance? Read on to find out.
Do you really need to buy travel insurance? Read on to find out.

Buying Travel Insurance - Is it Really Necessary?

With vacation time quickly approaching us here in North America, those that can afford to travel for their holidays are beginning to make plans. Always, the question of whether or not to buy travel insurance comes to light, whether the travel agent asks you or the site online that you book your travel plans with. Lots of times, people say, "No, thanks" and take their chances. Could that be a big mistake? Certainly. Is the cost savings worth the risk? Let's look into the subject of buying travel insurance further and see.

Once you've read the details, please take a second to vote, using the poll near the bottom of this page.

Thanks and have a safe trip!

Protect Your Holidays

Many people now buy insurance when their vacation involves airline travel.   Photo credit:
Many people now buy insurance when their vacation involves airline travel. Photo credit:

Reasons to Consider Buying Travel Insurance

Buying travel insurance is the same as any other type of insurance. You probably won't need it, hope you won't need it, but it's there, just in case you do.

People consider getting insurance when they travel for a variety of reasons. Since 9/11, I imagine more travellers than ever before are investing a little extra to make sure they're covered for the unexpected. Sometimes, peace of mind is worth spending a little money for.

Some of the things that people buy travel insurance for:

  • medical emergencies
  • trip cancellations
  • getting stranded in a foreign country due to weather or your travel company suddenly declaring bankruptcy
  • theft that requires emergency funding to get home
  • terrorism
  • lost baggage

*** Please note! I do not want to alarm anyone with this list, it is just an illustration of some of the things that people prepare for prior to leaving on their trip. ***

Some Useful Travel Insurance Links

Travel insurance can be purchased through your travel agent, as well as other insurance agencies but these links may prove helpful and convenient for you:

US Travel Insurance Association - The US Travel Insurance Association (UStiA) is a national association of insurance carriers, third-party administrators, insurance agencies and related businesses involved in the development, administration and marketing of travel insurance.

Blue Cross Canada Travel Coverage - For millions of Canadians, comprehensive emergency travel coverage offered by Blue Cross has become an essential part of their holiday plans.

THIA - Travel Health Insurance Association - Travel insurance providers working together for the protection of the traveling Canadian.

Australian Travel Insurance for Beginners - Self explanatory, a guide

Travel Tips - Know Before You Go on Ben TV

Travel Tips

Be sure to mention any existing medical problems or conditions when purchasing travel insurance, otherwise you may not be eligible for a claim.

Don't Think You Need Travel Insurance? Watch This.

Adventure Travel Tip

While adventure travel can be a great deal of fun, be cautious with your travel insurance. If you are planning on an adventure holiday or participating in a dangerous or sports related activity, be sure that the policy covers you and your equipment.

How to Buy Travel Insurance

Buying travel insurance is not rocket science. You have the usual options:

  • Via an online search
  • Purchase insurance via your travel agent or online travel site
  • Contact the insurance branch of your bank, if it has one
  • Go through CAA or AAA, who often offer member discounts
  • Your credit card company may sell you travel insurance

It is a good idea to check any existing insurance policies that you have to see if you are already covered for some or all of your travel insurance needs. There's no point in buying twice, if you don't have to. Also, it is a good idea to purchase the coverage at the same time you book your trip. That way, everything is in place in case you need to cancel and also, it will prevent you from forgetting.

When determining how much cancellation coverage you need, remember that you will not be reimbursed more than the price of your trip.

If you are a frequent traveller, ask about annual or multiple trip policies, which can often be cheaper than buying travel insurance one trip at a time.

Remember to read all the fine print on your policy and make sure that you are covered for the full duration of your trip.

So, What Did We Learn?

The way that I see it, travellers are taking quite a risk by not buying travel insurance. I've only ever purchased it for one of my trips, but after researching this hub and watching the videos, I will definitely spend just a few extra bucks to make sure that I spare myself tens of thousands of dollars if something does happen. Just in case, better safe than sorry.


What is your stance on travel insurance?

See results

Bon Voyage!

Have a great, safe holiday!
Have a great, safe holiday!

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© 2009 Herald Daily

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    • Herald Daily profile image

      Herald Daily 8 years ago from A Beach Online

      Thanks, Peggy. I read a few horror stories while researching this hub and there's some of those in the videos. It's definitely worth buying travel insurance, especially when you consider how much it would cost you if something happens. The expense of a medical emergency can be mind-boggling!

      Thanks so much for coming by!

    • Peggy W profile image

      Peggy Woods 8 years ago from Houston, Texas

      As you say, just like with all insurance, one hopes never to have to use it, but it could be a lifesaver if needed. Would definitely spend a few dollars especially if going on an expensive trip out of the country. You brought up some excellent points.

    • Herald Daily profile image

      Herald Daily 8 years ago from A Beach Online

      Thanks, Shirley. Buying travel insurance really is a good idea these days. I love to travel, feel really safe when I do, but it's at the top of my list from now on. Better a couple of bucks now than a whole lot of money if anything should happen.

      Thanks for the comment.

    • Shirley Anderson profile image

      Shirley Anderson 8 years ago from Ontario, Canada

      You've pointed out some great things about travel insurance here, Herald. I've honestly never thought a lot about it. It's not that I didn't think it was a good idea, I just didn't bother. I won't make that mistake in future.

      Thanks for the info, Herald!