The quick answer is no, travel insurance is NOT necessary! Nothing bad is going to happen from the perspective of regulations, laws, destination requirements or keep you from arriving at that well-planned vacation paradise. However, read on for the truth about travel insurance.
Is it Wise to Travel Without Travel Insurance?
Do I really need travel insurance? The real answer is it depends! If you are a gambler and you think the odds favor you, maybe the investment in travel insurance is a bet you can win.
We, at Florida Travel Blog, are fortunate enough to travel quite frequently. From short in-state Florida trips to cross-country destinations, and, we get to enjoy international travel two or three times a year.
Based on our experience, we conclude that in many scenarios, it is very unwise and financially silly to ignore the vast benefits of Travel Insurance.
The Truth About Travel Insurance
You do not need to purchase a travel insurance plan for that weekend flight to Key West that may cost you $250. You may not be wise to purchase travel insurance for any trip that has a maximum value of under $1000 and is reasonably close to home.
But here is the rub: Can you afford to handle the costs of a medical condition that may arise during your trip? Can you pay the costs to transport a loved one from your destination to your home? Can you afford to pay extended costs if you must stay for an extended time should an emergency occur?
If you are quite wealthy, you may not be bothered by these costs and unforeseen circumstances. Of course, wealthy people got that way by buying affordable insurance to protect their wealth!
What amazes us is that no one would buy a new $40,000 car and drive it off the lot without insurance. Yet, people book vacations and cruises that may cost as much as that new car PLUS have associated risks that far exceed the original trip costs.
Why Buy Travel Insurance?
We could go on and tell you about what it covers and all the benefits, but we think the following REAL ACCOUNTS give you a better understanding of Travel Insurance.
Scenario Number One (very recently)
A man and his wife were on vacation. They had spent two days at their international destination when the wife became very nauseous and fainted, not once, but twice. Rather urgently, it was decided she must go to a local emergency room for care and determination of her severe symptoms.
A half day at urgent care in a foreign country concluded, after thorough testing, the wife was a victim of dehydration. An IV and lots of water was the cure. All was well and good – except for the $4700 bill!
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This article originally appeared here and was republished with permission.
