Is Travel Insurance a Scam?

I am not here to harsh your vacation mellow – but – consider what level of risk you are willing to take while vacationing.

So here is an overview of your risks while on vacation.

There are 3 levels:

1. You slip and scrape your knee,
2. You’re showing off and fail. It’s off to the hospital for some stitches,
3. You accidentally cut your head off and need air-evac to a US hospital to get it sewn back on;

So let’s address #1 – a minor scrape

All decent resorts have a doctor or nurse at the resort. They can fix you up for – little to no – cost.

#2 – you need to go to a hospital

Bring your credit card. You will be expected to pay BEFORE you get medical attention.

#3 – you need to an air – evac

Bring your credit card with a VERY big limit. Like $15 – $20k – before wheels up. There is no amount of crying, wailing or logic that will get you results before you pay.

So now you ask, ‘What do I do?’

First, check to see if your existing insurance covers you when you travel (most don’t!).

And then check the price of travel insurance.

For about $79-99 pp you can buy travel insurance that protects you from medical emergencies – and – also allows you to cancel your trip for any reason – and get all your money back (including airfare).

Like all breathing people, I dislike being gouged by insurance companies – so here are links to other opinions – both Pro and Con.

Con link:
http://www.huffingtonpost.com/2014/03/17/travel-insurance-101_n_4957141.html

Pro link:
http://www.forbes.com/sites/nextavenue/2013/07/08/a-travel-insurance-skeptic-changes-her-mind/#77f03eb72596

The bottom line is how much risk will you accept.

Hope this helps…….

>>Jake

P.S. Ask us any Travel Insurance question. We have heard it all.