One thing I’ve never seriously considered before was taking out travel insurance for all the trips I’ve been taking (although Wez, you might be interested in that insurance site, being an accident prone Aussie and all.) In fact Cover-more may be the insurance provider I’ll be looking into should I travel to Australia (or New Zealand) as they are based there.
I do carry around a healthcare proxy form, so in the event that I get mauled by a bear or an angry woman I tried to be chivalrous with, the doctors will know not to put me on a ventilator. Unless the bear ate the form too. Then I might be in trouble.
But do I really need travel insurance? I always decline the insurance offered when I book a flight (or a hotel at Priceline) because honestly, it does seem to be a bit of a ripoff. As I understand it though these are specific insurance policies that only cover your stay at a hotel or the duration of a flight, and aren’t like the travel insurance you can buy that actually covers you for an entire trip. Still, I already have certain policies I’m covered under anyway, like my car insurance, which extends to using rentals, and travel accident insurance from my VISA card, which can be used on the event that I get dismembered. Covered up to $500,000 too.
…you know, suddenly I’m not so thrilled about getting on a plane now.
But barring any dismemberment as a result of getting sucked into a jet engine, I would guess the best benefit of travel insurance is when unexpected cancellations take place, where having to eat the costs of a trip you never end up taking would have been a really bitter pill to swallow. Something else I hadn’t considered is reimbursement for hotel stays if a flight gets cancelled. I have to admit I’ve been spoiled in this regard, refusing to do any flight that involves layovers, so I’ve managed to avoid unpleasant scenarios stemming from cancelled flights or lost baggage since I’ve started flying again. Still, I can’t expect that I can always fly non-stop everywhere I go, so sooner or later I may have to consider taking out some kind of insurance, especially if I go overseas.
What about you guys though? Do any of you use travel insurance for your trips, and if you have, are they reputable and have good policies? Let me know in the comments.