Travel insurance isn't only for luxury getaways. Travel insurance isn't limited to long-distance travels. And travel insurance isn't limited to long-distance travels.
Travel insurance is necessary for all journeys since you never know what might happen when you're away from home!
In 2017, 35 million Americans acquired Allianz Global Assistance insurance, knowing they were protected against the most typical travel accidents. The following are the top seven reasons to purchase travel insurance.
1.Because you don't want to lose all of your money if your trip has to be cancelled.
Even the best-planned journeys must sometimes be canceled. However, many travel companies, notably tour operators, cruise lines, and airlines, only pay partial or no reimbursements for last-minute cancellations.
Can you afford to lose all you spent on your trip if this happens?
One of the most compelling reasons to buy travel insurance is the protection against trip cancellations. When you have to cancel for a covered cause, you can be reimbursed for planned, nonrefundable travel expenses. You can reschedule your vacation for a sunnier day after you receive your money back.
2. Because mishaps can and do occur while travelling.
We get over 4,000 calls from American Allianz Global Assistance clients facing medical emergencies while traveling, including trauma, fractured bones, heart attacks, and strokes.
If you have travel insurance, you may call the Allianz Global Assistance hotline for help in an emergency. Our staff may also be able to arrange for advance payment for approved emergency medical care.
3. Because your health insurance is unlikely to be valid outside of the United States.
Your health insurance card will not cover serious illness or injury in another nation.Foreign medical institutions and providers need an upfront cash payment and do not accept U.S. insurance policies.The US State Department advises, "Medicare does not provide coverage outside of the United States."
When you have travel insurance with emergency medical and dental benefits, it can cover losses caused by covered medical and dental emergencies during your trip.
4. Because medical evacuations can be extremely costly.
If you become extremely ill or wounded while traveling overseas and need to be transported to a high-quality hospital by helicopter, the expense might be considerable. In certain regions of the world, a medical evacuation might cost six figures, and that doesn't include the return trip.
If you get a covered sickness or injury during your vacation and local medical institutions are unable to offer adequate care, our medical aid team will step in.
Your travel insurance with emergency medical transportation features may cover your transportation to the next qualified institution.
After stabilizing your health, it may be necessary to pay for specialist transportation back home.
5. Because only 80% of flights in the United States arrive on time.
In 2017, over 18% of 1.1 million domestic flights were delayed and 2.4% canceled.
Travel insurance with delay benefits can compensate for additional housing, food, travel expenditures, and lost planned expenses in the event of a covered delay. You'll be more happy if you have insurance that will cover your airport meal or an unplanned overnight stay in a hotel.
6. Because a misplaced bag can derail your trip.
In 2016, airlines mishandled 21.6 million luggage, which were either lost or temporarily misplaced. The good news is that, as passenger numbers grow, airlines are improving their luggage monitoring capabilities. The bad news is that around 7% of bags are never returned to their owners.
When your bag goes lost, travel insurance can help. Assume your baggage is delayed or redirected by a common carrier for 24 hours. In that scenario, luggage delay benefits may pay you for any reasonable extra purchases of necessary products during your trip.
According to the restrictions stated in your insurance policy's letter of confirmation, luggage loss/damage benefits can compensate you for the real price, actual cash worth, repair, or replacement of your lost/damaged items, whichever is less.
7. Because even seasoned travelers require assistance from time to time.
Purchasing travel insurance provides peace of mind and the ability to seek assistance when needed.
If you experience a problem while traveling – a medical emergency, a lost passport, a stolen wallet, a natural disaster, etc. — you can always contact the Allianz Global Assistance hotline, which is open 24 hours a day, seven days a week.
Our team of travel professionals in the United States will go above and beyond to ensure your safety and satisfaction.
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