A lot of travel insurance feels like a scam. As consumers, we're primed to treat insurance and protection packages as a rip off, mainly due to the countless retailers who try to make us pay up by offering to poorly insure shoddy products. Whether it's the extended warranty at Best Buy or rustproofing on a new car, these policies are rarely worth the paper they're printed on.
As travelers, we're no different. We shy away from travel insurance, thinking of it as the lousy clickbait offered by airlines as trip insurance.
In this case it's a sensible attitude gone too far, because these aren't the same products. In fact, for the right person travel insurance can be a borderline invaluable purchase. Anyone traveling particularly far, or for more than a brief vacation, should consider it a necessity. For everyone else, it's worth a look. Here are ten reasons why.
10. Medical Bills
Travel insurance is not to be confused with trip insurance. The former covers issues like airfare and hotel booking fees, while travel insurance generally starts with health care and proceeds from there. Trip insurance is notoriously flawed, covering illness (but only with hospitalization) or money troubles (but only if you can provide a pink slip); it's an overpriced product built not to be used.
Buying this shows judgment similar to a first date at the International House of Pancakes.
Health care coverage, on the other hand, is something you might urgently need. Many health insurance plans stop at the water's edge, meaning that if you get sick or injured while on that grand safari, you're out of pocket for the cost of stitching up a lion wound. This is the biggie: travel insurance is health insurance for Americans overseas. If you'd think twice about crossing the road without Blue Cross, should you really go for two weeks to Australia?