Family travel 5: Travel insurance — is it worth it?

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Recent world events have travelers pondering the potential benefits of travel insurance.

Coverage for pandemic-related travel challenges has evolved and varies by policy. Compare policies with this in mind. Take note of what restrictions might be in place and how reimbursement rates vary. It is also important to be aware of which countries require travel insurance and other health-related stipulations at the time of your departure.Estimates vary from 4%-10% of the cost of your trip. Experts advise travelers to consider how much they are willing to risk by not insuring the trip.

Further, review the impact of timing on your insurance purchase. You may lose some benefits if you wait too long to buy coverage.

Source: Holiday News (holidaynews.net)

 

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