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TRIP INSURANCE: I MAY HAVE TO CANCEL PLANS RO TRAVEL , IS IT DIFFICULT TO GET REFUND THROUGH TRIP INSURANCE

TRIP INSURANCE: I MAY HAVE TO CANCEL PLANS RO TRAVEL , IS IT DIFFICULT TO GET REFUND THROUGH TRIP INSURANCE

Old May 17th, 2008, 08:45 PM
  #21  
 
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Patrick, your point is taken. But a $2,000 loss to some people would be a catastrophe so a couple of hundred dollars for insurance brings security. Not everyone can travel like you do and if something happened that they'd lose their money on a trip, it may be years before saving up enough for another trip.

I've only bought travel insurance since traveling to Africa and on my first trip the insurance paid a claim that far made up the cost of the policy.
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Old May 17th, 2008, 11:02 PM
  #22  
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I am with you on this one lcuy I agree and matnikstyn that would be me- our family trips are well planned and we have to fit 4 schedules in and who is in school who is in college who has to work, who dont want to go there but here; to get it finally right and have tickets and everything them BAM something goes wrong, that insurance does make you feel better
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Old May 17th, 2008, 11:38 PM
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Purchasing travel insurance is totally flexible - you can pick and choose coverage and limits.

If the main concern is trip cancellation, and you don't need/care about medical coverage, evacuation, flight delays, lost bags, etc., the premiums are quite low.

Those who travel frequently can also purchase an annual plans rather than a single trip plan.

My house has never caught fire, but I still carry insurance.
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Old May 18th, 2008, 05:30 AM
  #24  
 
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I do too, djbooks, but the majority of my travel can be cancelled or at least partially refunded. I've never had a trip that would financially ruin me if I had to cancel. In fact it's never going to cost me more than I was going to spend anyway on the trip -- so obviously I can afford that amount, I'd just rather use it to take the trip that I won't be taking. If my house burns down it would cost a LOT more than $2000 or so replace it. Way more than I can even imagine how I would be able to pay for it, in fact. And car insurance covers up to $500,000 liability. Most people could be talking financial ruin in the event of a catastrophic loss on those things. Those kinds of insurance have little comparison to trip insurance, which I find pretty much like buying "maintanence" insurance on major appliances. The odds are really stacked against you, and you aren't out an unimaginable sum if you have a problem. In fact, I find buying maintenance contracts on appliances a much more logical comparison to trip insurance. The money I've saved over the years not buying any of those contracts easily equals the amount I'd have to spend to replace a number of appliances if something were to go wrong -- just like trip insurance.

I'm not knocking those who feel they need travel insurance. Just like getting foreign currency ahead of time and other things that cost money. If it makes you more comfortable and adds peace of mind, then go for it -- it's worth the money for you. I just wanted to give another side of the coin here.

By the way, the couple times I had considered getting trip insurance (mainly for apartment rentals), I found the two most likely causes of my having to cancel would be considered pre-existing conditions that I wouldn't be able to collect on anyway. In other words, if there are really specific reasons why you might have to cancel, in many cases, you won't be able to insure against those causes anyway.
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Old May 18th, 2008, 11:45 AM
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With many/most travel insurance plans, pre-existing conditions are covered if you purchase the insurance the same day you make your first deposit/payment for your trip.
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Old May 18th, 2008, 12:27 PM
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Also, many people do not realize that Social Security Medicare/Medicaid Program does not provide coverage for hospital or medical expenses incurred outside the United States.
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