Travel insurance is essential for travelers. It protects you from costly medical bills and helps you replace stolen gear. However, most people don't understand what travel insurance is or how to use it. That's why the market is saturated with expensive plans. Fortunately, there are cheaper alternatives that save you money.
Travel insurance has several uses but the biggest one is medical coverage. Most plans cover basic emergency care like doctors visits and hospitalizations. Plus, some cover prescription costs and other minor oral care needs. This comes in handy if you travel outside your home country and encounter unfamiliar ailments. For example, someone from America may get sick from food or water while abroad. Having insurance helps you get medical attention quickly so you can get back on the road and enjoy your trip.
You can also save money on travel insurance if you purchase it early. Travel insurance rates are based on the date of your trip, not the date you purchase the policy. So, if you know you’re going to take a trip in June, buy your travel insurance in May.
Another way to save is to take advantage of any promotions or discounts your credit card company may offer. For example, some cards will offer a free year of travel insurance when you spend a certain amount on travel expenses with the card.
Travel insurance has several uses but the biggest one is medical coverage. Most plans cover basic emergency care like doctors visits and hospitalizations. Plus, some cover prescription costs and other minor oral care needs. This comes in handy if you travel outside your home country and encounter unfamiliar ailments. For example, someone from America may get sick from food or water while abroad. Having insurance helps you get medical attention quickly so you can get back on the road and enjoy your trip.
You can also save money on travel insurance if you purchase it early. Travel insurance rates are based on the date of your trip, not the date you purchase the policy. So, if you know you’re going to take a trip in June, buy your travel insurance in May.
Another way to save is to take advantage of any promotions or discounts your credit card company may offer. For example, some cards will offer a free year of travel insurance when you spend a certain amount on travel expenses with the card.