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5 Ways to Choose Your Hotel
You are planning a holiday abroad for your family, and want everyone to have a good time. You surf the internet for hotel descriptions, but from the pictures that you see and what you read, all hotels project a perfect image of themselves. How can...
Orlando Accommodation - Vacation Rentals
As a family, we have been visiting Orlando since 1998, where we have stayed in numerous hotels on the US192 in Kissimmee. Anyone who has visited Orlando will know that there is never a shortage of affordable and clean accommodation in this area. We...
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Visit Carmel California
Just south of Monterey lies the beach city of Carmel, California also known as Carmel By The Sea. Although the city has a population of less than 5,000 people it has over 90 art galleries, numerous antique shops, 14 churches, more than 50 hotels,...
Visiting Dublin, Ireland
"In Dublin's fair city where the girls are so pretty I first laid my eyes on sweet Molly Malone. She wheeled her wheelbarrow through streets broad and narrow, singing cockles and mussels, alive a live O."
Dublin on the East Coast of Ireland has...
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Is Purchasing Travel Insurance Smart?
To answer the question "is purchasing travel insurance smart?" let's look at what insurance is.
When you purchase insurance - health insurance, homeowner's insurance, car insurance, life insurance, or travel insurance - you're not making an investment. It's not the same as going to the bank and depositing money and expecting to reap financial rewards at some point. No, any insurance including travel insurance is about sharing risk in case of unforeseen catastrophic events.
For thousands of years, risks have been shared during times of tragedy. The first formal insurance company, Lloyd's, was formed in 1769, and their insurance concept remains today - to gather the premiums of clients as a pool of resources to return to clients who experience covered events.
Is purchasing travel insurance smart for you, then? Do you need a pool of resources from others' premiums to help you out in the event of a travel emergency? Or can you take care of any unforeseen circumstance on your own? It's not just about money, either.
To decide if purchasing travel insurance is smart for you, let's take a look at just a few of the things that could happen while you're traveling.
It's your first time in Europe and neither you nor your spouse speak any foreign language and your wallet is stolen. Your credit cards, your airline tickets, your passport and your money are all gone. What do you do now? Money may not be
the primary problem here as you can always call your bank and have a wire transfer completed. Or can you? Do you know the international rules and capabilities for this? Where are the banks and do the tellers speak English? What about replacing your airline tickets? What about money to get to the airport and check out of your hotel? Your passports are the primary issue probably. They took a very long time to get. Now you can't get out of the country without them. Where do you go to replace them? If you had known this was going to happen, how would you have answered the question, "is purchasing travel insurance smart?"
Your child is involved in an accident and must have medical assistance but you find out your insurance does not cover you outside of the United States, and medical care is not adequate where you are anyway. How do you get your child back to the United States for medical care? If you had known this was going to happen, how would you have answered the question, "is purchasing travel insurance smart?"
So, to answer the question, "is purchasing travel insurance smart?" consider what could happen while you're abroad and determine if you might be grateful for outside assistance.
About the Author
Steve Cogger, an active traveler, has developed http://www.1-Happy-Traveller.com for your convenience. Visit today for all of your travel insurance needs.
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