When I prepare to travel, the question I ask myself is “how much can I afford to lose?” Including all the expenses, such as transportation, lodging, meals, and incidentals, the trip suddenly grows into a significant financial investment. And the “what if’s” are floating in the back of my mind. On the off-chance a “what if” surfaces before or during a trip, will I be able to recoup this financial investment? Or, have I just lost my money. Although everyone has to make their own decision, I am a believer in insuring my travel. Insurance is a part of everyday life. Home, rental, auto, medical, event … Just about anything can be insured, and travel is no different.

It’s a game of risk, and insurance companies are experts at determining those risks, developing the benefits, and the associated premium cost. Bottomline, insurance is expensive. But so is losing my investment. Have I needed my insurance when traveling over the years? Absolutely.

I seek a reliable company with coverage suitable for international travel. Credit card companies may also offer insurance typically through the use a third-party insurer. So, finding the right company and policy requires research, attention to details, and understanding the coverage I purchase.

Bottom line … a simple fall, dental infection, lost luggage, missed excursion due to delayed flight, runway delay, medical emergency of family member prior to leaving … are unforeseen situations and incidents that impact travel. The key word is unforeseen. Of course, they may not happen. But, then again, they might. And I choose to gamble against a financial loss and buy travel insurance for peace of mind.

For additional reading, refer to the Travel Insurance page on the website.

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