Here is a brief showcase of some special additions you should definitely consider adding to your
- CFAR: I’m sure you can think of a million reasons why your trip could be canceled. Be it
a health issue, a big project at work, a family emergency, or bad weather. However, your
regular trip cancellation policy might not be enough as they cover expenses for a specific
set of circumstances like pre-paid, non-refundable expenses. That is the beauty of
CFAR or Cancel for any reason, provided you notify your provider a few days in
advance, you can cancel your trip for literally any reason or no reason at all. Now since it
is so flexible that also means it is more expensive and a normal cancellation policy.
Something to take into consideration before you buy.
- Coverage for medical emergencies: your normal medical insurance will be enough to
cover you for any health issues you might face as an American traveling within the
States. However, the borders of the US are where normal health insurance coverage
ends. Fortunately, that is what travel medical insurance is for and maybe a real lifesaver
for when you travel to another country.
Be sure you have this included in your policy as most countries require you to have
medical coverage before entering their borders.
- Coverage for your rental car: The last you want to happen is ending up stranded in
your hotel. So you rent a car, but it’s not that simple. What if you get into an accident?
Your usual car insurance, like your medical, won’t follow you overseas.
Pay attention to this one because the collision damage waiver you get from a rental
company or that comes with your travel credit card only covers the repairs for your rental
and not the other persons’ car, you are still liable to pay that yourself. Be sure you add
the option for liability insurance within your travel car insurance policy as it covers
physical damage to the car and medical expenses of the other party involved in a
As a quick tip having a travel credit card can allow you to even upgrade your accommodations
help cover unforeseen expenses! If you have a card, remember to check in with your credit card
company to learn what you can do to rack up as many points as possible. This is a great
incentive when trying to build good credit if you think about buying a house one day as well.
Conclusion: While some people may see travel insurance as a needless waste of money, but
when traveling puts you in a situation where many things can go wrong one saying comes to
mind, “it’s better to have it and not need it than need it and not have it”. We all buy insurance
hoping we never have to use it and, if all goes well, in retrospect it may look like we never
needed it at all. However, it is better to be safe than sorry.
Be sure to check out this article who provides even more information on this