The Pros & Cons of Travel Insurance

Is travel insurance actually Worth it?

Today, most people debate on the necessity of obtaining travel insurance.

Some tourists register for an insurance plan while others don’t bother purchasing one.

But is getting travel insurance essential?

Even though several pros accompany travel insurance, some see it as a waste of money.

So are the benefits of travel insurance preponderate over its cons?

All of these questions are rational.

Individuals should consider them before signing up for travel insurance.

Furthermore, travelers ought to comprehend that there are distinct types of travel insurance.

Finding the right one will not be a walk in the park.

So, let us begin with understanding both the advantages and disadvantages of travel insurance.

Afterward, you might consider purchasing one- who knows?

Pros of travel insurance:

Sense of security

One of the significant benefits of obtaining travel insurance is the sense of security that accompanies it.

As a traveler, it feels good knowing someone will compensate for your lost items in the event of robbery or damage.

Also, suppose the unanticipated occurs and your tour gets canceled, your insurer can ease the remuneration process and save you from a difficult position.

Thus, getting travel insurance is a good decision.

You won’t get stressed about unforeseen circumstances or possible setbacks.

Ultimately, let’s not forget Murphy’s Law.

It states that adverse incidences always occur when you choose to avoid precautions.

Health insurance coverage

Note that most health insurance companies only cover medical expenses within their respective jurisdiction.

Most of them are useless when you visit other countries.

Thus, in case you become sick in a different country, your travel insurance is the one that covers the medical expenses.

Keep in mind that accidents and illnesses could occur anytime and anywhere.

You might consider yourself cautious, but an accident is an accident.

A travel insurance plan that covers your medical costs overseas is, therefore, a good option.

Even accidents in the form of food poisoning could occur, so it’s good to get yourself covered beforehand.

You won’t have to spend large sums of money from your pocket in case such incidents happen.

Saving money in the long run

Most people look at travel insurance as an expense rather than an investment of oneself.

Even if this is the case, they save you a lot of trouble in unexpected accidents.

So, consider it as a personal investment for your physical and mental health.

Let’s see an example.

Suppose you prearrange for a costly tour with a travel agent that offers no compensation in unforeseen circumstances, and your flight leaves you.

What next?

Does the whole itinerary get canceled?

What happens in the occurrence of a natural disaster that affects the whole trip?

Will your tour operator offer a refund?

You could end up losing thousands of dollars when you cancel your trip last minute.

But with a travel insurer, you can recover this amount in the long term.

If you have a valid reason for not proceeding with your itinerary, your insurer will reinstate you.

Suppose your trip goes on well, and you don’t need any compensation; it’s still a good thing.

You enjoyed your trip in peace because your mind was free from worrying about the future’s uncertainty.

Cons of Travel Insurance:


One of the significant downsides of travel insurance is the cost.

Most individuals view it as a waste of money since they may never have the chance to use it.

Even so, remember that your peace of mind is more costly than what you think you’ve lost.

Once you choose to focus on the positive side and calculate all the possible costs you could have incurred without travel insurance, you won’t view this type of coverage as expensive.

Coverage could be overkill

Currently, there are several travel agents and tour operators who include insurance plans in the itinerary.

Additionally, credit card companies provide insurance coverage when you reserve a trip or hotel through the card.

But the problem with these types of insurance is that they don’t offer full coverage as they leave out many things.

It all depends on the travel company.

So before you register for an insurance plan with your company, ensure you go through and comprehend everything included in the policy.

Preexisting health conditions aren’t always covered

Most travel insurance companies raise your premium plans when you have a preexisting financial or health situation.

Sadly, there’s nothing one can do to change this.

If you have a preexisting condition, the best thing you can do is conduct thorough research and opt for the company that offers you the most benefits.

Denied claims

At times, travel insurance forms reject your claim.

Even if you have a valid claim and present it in the right way, your insurer could deny it.

It might seem like a waste of your money.

The main reason you registered for travel insurance is that your insurer can cater to all unforeseen circumstances.

If you’re thinking of signing up for a travel insurance plan, note that the tour claim is not always accepted.

Therefore, it is essential to understand an insurance policy before buying it.

This way, there will be no misunderstanding between you and your insurer.

Make sure to research more than one company

Suppose you are searching for an insurance company; ensure you conduct thorough research.

Insurance firms are different and offer different plans.

Therefore, go for the one that matches your budget and provides unlimited advantages.

Additionally, be cautious of companies that offer unrealistic plans and then later deny your claim.

Once you find a reliable insurance company, ensure you comprehend their policy to avoid any future misunderstandings with your insurer.


Ultimately, the advantages of a travel insurance plan will always offset the setbacks.

All you need to do is find a reliable company and register for an insurance plan that offers the most benefits.

Also, calculate the money you are likely to spend on your itinerary and decide whether it’s worth signing up for the insurance.

Of course, a two-month trip to a faraway destination will need distinct insurance compared to a two-week trip to a neighboring country.

Going for a trip is exciting, but presents uncertainty.

It won’t hurt to sign up for travel insurance that caters to accidents or losses in an unfamiliar country.