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Travel Insurance: Protecting Your Money

Travel. Obviously, this isn't the greatest time to be out and about. At least, not health-wise. But how long will the crisis last? If you book your tickets now for your big August vacation, will it be safe or advisable to fly by then?

When you purchase your plane ticket, there is no guarantee that you will be able to make the flight. There just isn’t. The Coronavirus is doing quite the job of making life difficult for, well, everyone. Especially, people looking to travel. The bad part is, even with a pandemic sweeping the earth, airlines will not refund your ticket. The only surefire way to protect the money you spend on upcoming travel is to get travel insurance, also called trip insurance or travel protection. 

Depending on the coverage you purchase, insurance will cover trip cancellation due to medical reasons. Perfect! Booked your autumn flight to Italy and make sure you ad travel insurance. With this insurance inline, getting your money back is easy. 

The cost does vary. What you spend is going to be based on the length of travel, how many people are in your party, potentially the age of the travelers, etc. But you can expect your travel insurance to be around 4% to 10% of the trip cost. 

IF you’re willing to fork over a little extra money, you can have peace of mind knowing that, minus the insurance premium, you can get your money back if necessary.