Every traveler is looking for the best deal and no one likes to feel they’ve paid more than they should have, but when it comes to insurance it’s hard to judge what an insurance benefit in hand is worth until you need it. Shopping for travel insurance based solely on price may leave you wishing you’d spent a little more.
Of course, putting together a comprehensive list of everything that can go wrong on vacation is impossible, but it’s also impossible to put together a comprehensive list of everything that can go wrong with your health, or your home, or your car – that’s why you have insurance protecting those things back home.
Shopping based on price alone may get you a bare bones policy that’s cheap, but it may not provide the coverage you need if something happens.
No one wants to think about what can go wrong, but:
So, how do you know you are covered for the most likely risks? Think a little about who you are, the level of risk you and your personal financial situation can tolerate, and who is coming with you on your trip. Think a little about where you are going, the dangers you might run into, and the coverage you want. See the complete travel insurance coverage guide to understand travel insurance coverage and the options available to you.
Damian Tysdal is the founder of CoverTrip, and is a licensed agent for travel insurance (MA 1883287). He believes travel insurance should be easier to understand, and started the first travel insurance blog in 2006.