While travel insurance can range anywhere from 4% – 8% of the total cost of your initial travel arrangements, it may be well worth the investment.
Travel insurance can cover the following items: trip deposits, medical evacuation costs, lost baggage, canceled flights due to bad weather, delayed travel due to illness, and lost passports.
If you are traveling abroad, make sure health insurance travels with you; many countries require all medical costs to be paid up-front! Under their system, you pay at the time of service and then get reimbursed from your regular medical insurance provider once back in the States—if your health insurer honors healthcare service abroad. To avoid the possibility of a denial of coverage, you may opt for a travel health insurance policy that pays up-front in the locations you will visit. Many travelers have been very happy to have such coverage after a fall, a heart attack or other serious medical incident.
