You may not need travel insurance if it is adequately covered by other insurance policies.
Before deciding on a travel insurance plan, you should investigate the plan carefully and read the fine print. The person must verify any agreement with your travel agent, tour operators, airlines or other companies involved with your travel plans. The agreements may include written guarantees.
If you have a fully refundable ticket, you may decide you do not need trip cancellation / interruption insurance.
Moreover, it should be noted that some insurance plans cover can protect the financial costs in the case of the following situations:
- A sudden injury or serious illness to you, a family member or traveling companion.
Financial default of airline, cruise line or tour operator. - Natural disasters or strikes that prevent travel services.
- A terrorist incident in a foreign city within 10 days of arrival in that city in particular.
- The fact that you, a member of your family trip or a traveling companion were quarantined served with a court order or an obligation to serve on a jury.
- A circumstance in which they were directly involved in an accident on the way out.
It’s a good idea to check your other insurance policies. For example, your homeowners or renters insurance may cover the loss or theft of your baggage.
Some credit cards can also provide additional travel insurance if used to buy a ticket for the trip.
Your travel agent should be able to advise you on the right plan for you. Before buying travel insurance, review the plan and be careful not to buy the coverage you may have.
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