Is Travel Insurance Really Worth It?
Cheap travel insurance has been offered years ago but isn’t usually the very first topic an agent would bring up. Agents felt that although it was good to offer but in most cases they were having second thoughts in offering it. They just wouldn’t like their customer to feel as though something would go wrong or seem as if they are fishing more money from the client. By mentioning the insurance, they felt it gave the client the idea that something was risky about where they were going, or the airline they were booking with.
After the 9-11 incident, everything changed. People are being more cautious and anticipate to have cancellation of their flight due to some problems, and they fear anything that is related to terrorism. So, more Americans began investing in travel insurance and it increased the purchasing of travel insurance by 10%. Most of those who purchase travel insurance are those who travel by plane. 70% of the people who take cruises do get travel insurance. It is best to seek out the cheapest annual travel insurance.
While many people choose to not buy travel insurance, many don’t know that they can get travel insurance, coverage for their baggage, and medical evacuation coverage. There is another type of travel insurance that really is hidden by the airports, and they are hoping that most dont become educated enough to purchase it, but its known as excess valuation.
Excess Valuation holds the airline accountable to replace the value on the luggage you check should they end up being lost or damaged. The last thing heard about this was that they were demanded to give back for up to $3300 in baggage for any traveler. This would cover any domestic travel, but the international rate is a little different. The international rate on excess valuation is between $9-$10 per pound, so be sure to check with your airline.
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