Before you finalize your vacation plans, be sure you have given careful thought to whether you need to purchase travel insurance. There are circumstances that could cause you to cancel your trip, return home early or force you to seek emergency medical treatment while traveling. Travel insurance may provide the extra protection you need.
Before you purchase coverage, check your homeowner's or medical insurance policies to avoid any overlapping. For instance, expensive items such as your camcorder, laptop computer or jewelry may be covered by your homeowner's insurance should they be stolen while you are traveling. If the airline loses your checked luggage, they are required to reimburse you for your bags (up to a certain dollar amount). Or, if you become sick or injured while traveling, your personal medical insurance may pick up the cost of your medical bills.
According, to Consumer Reports various types of protection are generally (but not always) included in a travel insurance policy. Be sure to read the fine print: It determines whether your travel insurance covers what you may be assuming that it does. Policies and insurance firms differ in what they cover so be sure to ask.
Some of the different types of insurance available include:
The BBB, along with Consumer Reports, advise the following: