Many consumers are finalizing vacation plans and that also means whether to opt in or out of travel insurance. There are always circumstances that could cause you to cancel your trip, return home early or force you to seek emergency medical treatment while vacationing. Travel insurance may provide the extra protection you need. Better Business Bureau is advising travelers to weigh the pros and cons of travel insurance before going on an extensive trip.
Over the past three years, BBB has received 540 complaints nationwide against Travel Insurance companies. Most complaints alleged business’ misleading contracts after trip cancellations or claims made. Others alleged they were not reimbursed despite speaking with their insurance companies about any changes.
BBB offers the following tips when choosing the right travel insurance for you:
- Check your current coverage. Check your homeowners or medical insurance policies to avoid any overlap. Expensive items may be covered by homeowners insurance or if you become sick or injured while traveling your personal medical insurance my pick up the cost of your medical bills.
- Research the different coverage options. Don’t let someone pressure you into buying travel insurance right away. You are the only one who can decide if you truly need it.
- Read the fine print. Know exactly what coverage you are getting and what is covered. Policies and insurance firms differ in what they cover.
- Consider whether it’s a necessity. If your total trip is a couple hundred dollars in airfare, travel insurance probably isn’t worth it. But if you’re taking the trip of a lifetime and spending thousands, travel insurance is a good consideration.
- Pay with a credit card. Protect yourself further by paying for travel related expenditures, including insurance, with a credit card. Ask your credit card issuer if there are additional protections that come with your credit card. Some travel insurance may be built in to your credit purchases.