Traveling for the holidays? Why You Should Consider Travel Insurance


Holidays often include traveling for many people. With COVID-19 leading to more frequent cancelations and other mishaps at airlines and cruises, travelers should consider getting travel insurance. Travel insurance takes some of the stress out of holiday traveling, as it covers financial losses from canceled or interrupted trips, lost baggage, and more.

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UPDATED: 2021-11-30T16:58:24.186Z
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What You Should Know

  • Travel insurance protects travelers from financial losses from cancelations and interruptions
  • Some travel insurance plans include medical coverage, which is ideal for international travel
  • Insurers may also offer travel assistance, which helps with anything from lost passports to cash withdrawals

The holidays are just around the corner, and many are looking forward to their holiday travels, whether it’s going on a cruise or visiting loved ones. Unfortunately, COVID-19 has led to multiple canceled flights and financial losses due to short-staffed airlines, travel bans, and travelers testing positive. If you don’t have travel insurance, these cancelations and travel interruptions can be disastrous and stressful.

Travel insurance can help lower stress and financial burden by covering certain losses related to your trip. Read on to see what the main benefits of travel insurance are during the holidays.

Benefits of Travel Insurance: What It Covers

Travel insurance covers a wide variety of travel mishaps, although coverages and coverage amounts offered depends on your insurer. The basic elements of travel insurance are listed below.

Trip Interruption and Cancellation Coverage

The trip interruption part of this coverage will cover the costs if you have to cut your trip short due to issues like illness, severe weather, cancelations, and so on. It will also cover costs if the start of your trip is delayed, such as a canceled flight.

The cancelation part covers the costs of canceled trips, whether your cruise shut down or you contracted COVID-19 before your trip. This way, you don’t have to worry about the financial losses of a canceled trip.

Baggage Coverage

Unfortunately, lost luggage can be a common problem for travelers. If your bag is temporarily lost, such as put on the wrong flight, travel insurance will cover the cost of basic necessities you need to get by until your luggage arrives.

If your bag is permanently lost, such as stolen from your room, travel insurance will cover the cost of your lost luggage and personal items. With a lot of people traveling for the holidays, coverage for lost or stolen luggage is valuable.

Medical Coverage

Medical coverage is not always offered with travel insurance, but it is good for international travel. Your personal health insurance will generally cover you in your home country, making it unnecessary for most travelers.

However, anyone going overseas should look into traveler’s medical coverage, as if you have a medical emergency in another country, medical coverage will cover the costs.

Accidental Death and Dismemberment Coverage

This coverage is part life insurance policy and part disability coverage. It provides a payout to a beneficiary in case of an accidental death and also provides disability coverage in case of dismemberment. An accidental death could be from an airplane crash, heart attack, and similar causes.

Dismemberment covers any loss of limbs. The good news is that this coverage is rarely needed and is just a precautionary measure.

Other Benefits of Travel Insurance

Some travel insurers offer travel assistance coverage, where you can get assistance with anything from lost passports to booking flights. You may have to add this coverage, or it may be offered with your package, especially if you are getting travel insurance through a travel assistance agent.

During the pandemic, you are probably wondering if your travel insurance covers the coronavirus. Some travel insurers have added specific clauses about whether or not they cover COVID-19 under their medical coverage or trip interruption and cancellation coverage. It’s wise to check with your travel insurer if they cover COVID-19, although the majority will cover COVID-19-related-travel issues under a basic policy.

Whatever your travel plans are over the holidays, travel insurance can take some of the stress out of your trip. Whether it’s a canceled flight or a broken arm, travel insurance will help sort out the mess and keep you from losing money over mishaps.

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