Travel Insurance Blog
Tuesday, May 21, 2013
What are the Chances You’ll Need Your Travel Insurance?Filed Under: Blogging
Are you the kind of person who won’t pay for something unless you know you’ll definitely use it? Do you wonder if paying for travel insurance is worth it or just a waste of money? Are you uncertain every time you buy insurance? It is a good idea to think about what kind of travel insurance policy will suit you and how much you are going to spend in it, but as you will discover it always pays to have some kind of insurance back-up when you travel abroad for business of pleasure.
Travel insurance companies estimate that one traveler in a thousand is hospitalized when traveling abroad. This may seem like a low amount, but remember that data for the amount of people who need to visit a doctor, or who are injured but don’t stay in hospital, or who need prescription medication, are very hard to come by. And how about statistics for people who have their bags stolen or damage their camera? Again, statistics are difficult to calculate and vary depending on the destination, the traveler’s behavior and the amount of time they are abroad.
Just because you may not have an accident or fall ill abroad doesn’t mean you should skip the travel insurance cover. Insurance is, by its very nature, a protection against something that may or may not happen. You can never be sure if you will need to use your insurance but that doesn’t mean you shouldn’t have it.
If you are hospitalized the medical bills could be crippling, particularly if you are in the United States. And could you afford to replace your belongings if they were stolen? Even relatively minor ailments can cost a lot of money to treat overseas. The cost of a travel insurance package is low compared to what you may have to spend if you fail to take out insurance. It’s a gamble you are advised not to take.