Have you hit that golden retirement age and plan to start taking vacations and checking out places of the world you’ve always longed for seeing? Although you may understand some of the things you’d like to do and have things arranged making that attainable, you may not have looked at purchasing travel insurance. Why not? Everybody consider protecting our main investments with insurance: we make certain the home is insured in the event of intrusion, fire, or natural disasters, to name a few; we won’t be allowed to drive without securing insurance for our vehicles, and we invest a significant chunk of change each year on medical, dental, and vision insurance, too. If you’ve never thought about planning insurance into your trip expenditure, here are a few reasons why it might be a good idea.
A natural disaster could happen and you might need to stay home and get things sorted out. If any of these things were to happen, you could be out a large chunk of change if you ended up having to forgo the trip.
What if you are out of the country and all of a sudden are with a major medical need– possibly from an unpredicted health incident (heart attack, for instance, or stroke), or from an accident (car wreck or getting injured during a physical activity) that necessitated you receiving medical care at a foreign hospital? Your insurance may or may not cover care from an international institution, and this could end up being very expensive. Despite the fact that you’re a healthy senior, with good exercise and diet plans well established, there is always a greater health risk opportunity with increased age.
There’s always that odds that your bags could get lost someplace on the way, and your high-end camera that you bring on trips is suddenly gone (or another expensive item you may take with you). Without insurance, those factors are lost for good, unless you would like to fork out the cash to replace them.
Perhaps you miss a connecting flight, due to events that were out of your control. Ever been in that problem? If someone else could eat that expense, it would be nice!
The above discussed situations are just a number of factors as to why it’s a smart idea to think about travel insurance. Like any other kind of precaution, it doesn’t mean that any of these events are likely. However, if you’re putting in a lot on airfare and lodging reservations, expeditions while on your trip, and even taking pricey tools along, having insurance in place isn’t a bad deal. It may be one of the smartest things you’ll choose to do, and you might be thanking yourself later!