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Do I Need Travel Insurance? Questions And Answers Without Resorting To Page 2 Of Google

Do I Need Travel Insurance? Questions And Answers Without Resorting To Page 2 Of Google

This article was written because people ask Google questions all the time about travel insurance and they get varied responses from forum websites rather than genuine answers from legitimate sources. So, we picked all the questions we could find that are not on the first page of Google. If you need a question answering about travel insurance, we hope to answer it below. With any luck, this article will help put the answers to your questions on the first page of the Google search engine results so that you never need resort to clicking page two of Google’s results. The overall theme of these questions is, “Do I Need Travel Insurance?”


Article Contents (Links Skip To That Part Of The Article)

Is There Any Point To Travel Insurance?
What Is Travel Insurance?
What Do Travel Insurance Companies Offer?
Why Are Comparison Websites So Useless When It Comes To Picking Travel Insurance?
Why Do Some People Stick With The Same Travel Insurance Company Year After Year?
Do I Need Travel Insurance If I Have Health Insurance?
Do I Need Travel Insurance If I Have US Medicare?
What Does Travel Insurance Offer For Elective Surgery?
Will Travel Insurance Cover Medical Transportation?
What Is A Cost-Benefit Calculation And How Do I Do One?
What Are The Must-Have Features of A Travel Insurance Policy?
What Other Travel Insurance Features Do People Choose?
What Are Circumstances Beyond Your Control?
Does Travel Insurance Cost More From Travel Agents, Tour Operators Or Airlines?
Do Search Cookies Really Affect My Travel Insurance Prices?
Should I Pick The Highest Excess Amount?
Why Do Some Worldwide Policies Exclude The US And Canada?
Links And The Wealth Building Articles That Mention Why Insurance Is/Isn’t A Good Investment


The best place to hide a dead body is page two of Google search results

Or Page One of Bing


Is There Any Point To Travel Insurance?


As you may have guessed from my posts on the subject of wealth building, I have mixed views about insurance. Unless the insurance is obligatory by law, I say you need to do some serious cost-benefit calculations before you even consider insurance. I have added some links to my articles on wealth building at the bottom of this article. They give a few pros and cons on the idea of buying insurance and/or self insuring.

It helps to know exactly what your travel insurance actually covers before you consider buying it. I have seen travel insurance packages that include things such as $250 coverage for lost luggage when the cost of the policy cost more than the clothes the guy had in his case.


What Is Travel Insurance?


The broad definition of travel insurance is that it is insurance against the unexpected while traveling. It is the help out in financially unexpected scenarios, and/or to help in difficult scenarios when you need help. Travel insurance should cover you for everything from inconveniences to outright disasters.

Travel insurance covers you for costs prior to leaving and costs while traveling. Typically, travel insurance is used to get money back for canceled trips, for hotel stays, non-refundable event tickets, for travel interruptions and for medical costs.

Travel insurance companies will often offer actual services as well as financial cover. They may be able to arrange medical evacuations, or maybe help communicating with authorities while in another country.

A travel insurance company may pay out or help you out if a third party is at fault. For Example, they may help out or pay out if an airline delays your flights, or if your vacation agent cancels your room because of poor weather conditions. The type of coverage you get will depend on the travel insurance company you choose.


What Do Travel Insurance Companies Offer?


The last company we used and tested was Allianz Travel Insurance. They are the biggest travel insurance company in the country, and they offered the best deals, so I noted the services they offer.

Lost Luggage – If your luggage is lost or stolen while in the care of the airline, then a travel insurance company may pay out a claim depending on the limits to their cover and what you had in your case.

Trip Cancellation Protection – Check out my article on why you should and shouldn’t use trip cancellation insurance before you buy it. This type of insurance protects you if your trip is canceled or if you are forced to cancel your trip because of unexpected reasons.

Trip Interruption Protection – If you miss part of your trip/vacation, and/or if it has to end early because of something unexpected or because of reasons outside of your control, then this type of insurance may help you recoup some of your losses.

Coverage for Financial Default – I like Allianz Travel Insurance for this one because a lot of travel insurance companies do not have the balls to cover for financial defaults. If a tour operator goes out of business and you cannot recoup your money from them, then this type of insurance may help you get your money back.

24-Hour Hotline Assistance – Different travel insurance companies have different services. Allianz offer hotline assistance. It is handy for finding out your insurance company recommends you do when something unexpected happens, and they may be able to help you communicate with the locals if you do not speak the local language.


Why Are Comparison Websites So Useless When It Comes To Picking Travel Insurance?


Comparison websites are so useless when you are buying travel insurance because the devil is in the detail, but comparison websites only concentrate on prices and not on the details. Before moving on, the sad fact is that if you want good travel insurance coverage, then you are going to have to find a good travel insurance company and learn a little about travel insurance in order to get the best deal. Knowing what is covered, how you are covered, and being able to figure out the potential benefit vs the cost, is very important, and it is something we cannot help you with. We can teach you about travel insurance, but you have to do your own research and drill down the details with the travel insurance company you pick.

Comparison websites do not focus on details, they focus on cost, which is why they are unsuitable for travel insurance. The cheapest insurance may offer no protection, and the most expensive may offer no protection. Comparison websites only show you which companies are the best at manipulating their prices to appear the cheapest on comparison websites.


Why Do Some People Stick With The Same Travel Insurance Company Year After Year?


I apologize to all you folks who rarely travel because this tip is for people who travel a several times per year. Over time, you are going to learn more and more about travel insurance if you travel semi-frequently, and you are going to notice features that some companies have that others don’t. We have stuck with average so-so travel insurance companies in the past because they had a feature or two that we really liked.

For Example, with Allianz Travel Insurance (yes them again, we reviewed them most recently, so they are easiest to mention), they have baggage insurance that pays out a fixed payment of $100 for covered travel and baggage delays. I like this one because dealing with insurance companies after having your luggage lost is a nightmare because they want proof of what was in there, they want receipts, and want you to wait weeks while they decide how much to pay you. Whereas, Allianz only ask that you prove you were insured when your baggage was lost/stolen, and they pay out $100. Plus, their premier plans also cover for delayed baggage. Plus, they will pay out if your baggage is delayed for 12 hours rather than 24 hours, which is more reasonable because it is sometimes difficult to start a vacation if your luggage is still in lock-down in an airport.


Do I Need Travel Insurance If I Have Health Insurance?


It depends on where you are injured/ill, or how you are injured/become ill, and it depends on your health insurance company. Take note that a common way for travel insurance companies to wriggle out of paying your claim is to say that your health insurance should have covered it. Things become even more complex if you have some treatment abroad and some at home, and/or if you become injured while traveling home or traveling overseas.

The advice that the US Department Of State gives is that you should call/contact your health insurance company and ask them what they cover. It may also be a good idea to get written details of what you are told. Some people do this by downloading their policy as PDF files, and some find their policy details online, or and others have the customer service department email them with the details they just discussed over the phone. Here is what you can ask your health insurance company before looking into travel insurance:

  • I am going to [Insert Location], do you guarantee medical payments in that location?
  • Do you require pre-authorizations and/or second opinions before medical staff can begin emergency treatment?
  • What emergency expenses does my health insurance cover?
  • Will my medical insurance cover returning me to the United States if I become ill, seriously ill and/or need medical treatment?

Those are the types of questions that the US Department of State suggests you ask, but it becomes tricky depending upon the type of medical insurance you have and the policies they have. For Example, some medical insurance companies will cover urgent care abroad, but will not cover emergency care. This means that the customer would need to cover emergency care with travel insurance, and if something happens, the customer has to fight with both his/her medical and travel insurance to get somebody to pay.

Emergency Care = An illness, condition or injury that is severe enough to place the customer’s mental health or physical health in danger.
Urgent Care = An illness, condition or injury that is severe enough to place the customer’s life in danger or to place a pregnant woman’s baby’s life in danger.

Even if your medical insurance claims they offer overseas protection, you need to fully understand what they offer because the reality may be far more complicated than your medical insurance company makes it out to be. It becomes even more complicated when the customer has pre-existing injuries or conditions.


Do I Need Travel Insurance If I Have US Medicare?


If you are worried about medical costs when traveling, then do not assume that US Medicare will cover your bills because they will not. You can read all about what your Medicare will cover when you are out of the country by clicking this Medicare US link, but in general they will only cover your costs if you are on American soil, but a foreign hospital is closer. The example most often cited is if you are entering Alaska, but a Canadian hospital is closer.

You can buy Medigap from the government because it offers additional coverage for people traveling outside of the US who are on Medicare, but it is very limited and offers only a fraction of the protection that travel insurance offers. Read about MediGap right here on their official website. The image below shows you details of MediGap insurance. Please beware that it has a lifetime limit for members.

Medigap benefits as of 2018On the other hand, if you bought The OneTrip Prime Plan from Allianz Global Assistance, then they offer coverage of $25,000 per trip (not a lifetime amount), there is no deductible, and 100% of your expenses are covered. The trouble is that if you opt for MediGap and you take up travel insurance, then no matter which travel insurance company you choose, they are not going to pay, they will leave it up to Medigap (even if you are left out of pocket). Don’t forget that no matter which travel insurance company you are dealing with, they will always do whatever it takes to wiggle out of paying if there is even a chance that another company/entity will pay you.


What Does Travel Insurance Offer For Elective Surgery?


Some people seem to think there is a gray area with regards to elective surgery. For Example, few people think that their travel insurance will cover them if they get elective surgery in Rio, but they do think it will cover them if they become ill after the surgery.

For Example, let’s say that you develop an infection two weeks after your rhinoplasty. Your travel insurance will not pay for your treatment and they will not fly you home. If you have a rhinoplasty and you fall over getting out of your car and break both your arms while still in Rio, then your travel insurance may pay for your medical bills, but you will need to prove that your injuries had nothing to do with your elective surgery. For Example, if you fall over because your surgery painkillers make you dizzy, then your travel insurance company will not pay.

Your travel insurance will not cover elective medical care, routine medical care, or preventative medical care. Travel insurance is only for the unexpected. It is not for something that could have been predicted and/or something that could have been planned.


Will Travel Insurance Cover Medical Transportation?


If you become ill in another country and need medical help in a hospital, then it is going to cost you thousands, and that is why a good travel insurance policy is highly recommended. However, few people know the costs of medical transportation in another country.

For Example, if you need to evacuated back home, or if you need to be escorted home by a nurse, or if you need to be airlifted to a medical facility, then the cost may be in the tens of thousands. Even the best health insurance may squirm when you offer them the bill for medical transportation. However, if you buy a good travel insurance policy, then there are some that will cover your emergency medical transportation costs up to $1 million.

A travel insurance company may also offer one-to-one help when you are having an emergency. They may be able to help with translation problems, with travel problems, and they may be able to offer advice on very specific problems you are having in another country. Some travel insurance companies have agents who will help get you home, and there have even been cases where insurance companies have flown family members out to dying customers who were too ill to get back to the United States.


What Is A Cost-Benefit Calculation And How Do I Do One?


Put simply, you work out how much your travel insurance costs, you work out the potential cost of illness/injury, you work out the probability of injury/illness, you work out how much you will be out of pocket if you do not have travel insurance, and you work out how much you will save if you do have travel insurance.

It is easy to work out in some respects and very difficult in others. For Example, let’s say that your trip costs you $7500, and your trip cancellation insurance costs you $55, and it pays up to 75% of your costs. The cost of your policy is 0.733% the cost of your trip, and there is the potential for a loss of $1930 if your trip is canceled ((25% = $1875) + $55) and you will get back $5625 of your initial outlay. Getting back a possible $5625 while only paying 0.733% of the original outlay is an okay deal and an acceptable risk.

The math and the decision isn’t always that easy because many times the numbers are difficult to work out. For Example, let’s say you are trying to run a cost-benefit analysis as to if you should pay for expensive travel insurance to cover overseas medical expenses. Some of the costs and numbers are difficult to get:

  • How much your travel insurance costs (depends on how much cover you want)
  • The potential cost of illness/injury (looking at average hospital costs may not be enough)
  • The probability of injury/illness (national statistics are not indicators for your personal circumstances)
  • How much you will be out of pocket if you do not have travel insurance (depends what medical issue you have)
  • How much you will save if you do have travel insurance (depends on your policy and your medical issue).

Since doing a good cost-benefit analysis is difficult when it comes to the medical side of your travel insurance, it is probably better to use broader reasoning depending upon where you are going and what you will be doing. For Example, if you are going to the rural town Stamford in the United Kingdom, then you probably won’t need much insurance because the worst that they have is drive-by arguments.

Reginald B. Stifworth from Family Guy

On the other hand, if you are going to visit Yemen do to a little reptile spotting (90% of its reptiles are found nowhere else), then very expensive and comprehensive insurance is needed because civil unrest is still a problem and there are literally thousands of dangers in the country from certain types of water to stinging plants.

If you are going to Canada to take helicopter lessons over Niagara Falls, or you are going skiing on Canadian mountains, then you will probably need more insurance than if you are going to Belgium for the flower festival.


What Are The Must-Have Features of A Travel Insurance Policy?


Each policy is no-doubt customized (in some way or another) to your trip and to your circumstances. However, most mainstream insurers will include the features below as standard in your travel insurance policy. These are the bare-bones features of a travel insurance policy. If your policy is missing two or more of these features, then you have to ask yourself what you are really paying for.

Overseas/Traveling Medical Expenses

Travel insurance should pay your medical expenses when you are traveling and when you are at your destination. If your destination is domestic (in your own country), then the travel insurance company will probably try to wriggle out of paying your expenses. Some travel insurance companies will cover your medical expenses while you are traveling and/or at your destination, but they will not pay for medical transport. Most will cover your emergency or urgent medical care costs, but if there is treatment that can wait until you are home, then they probably won’t cover those costs.

Repatriation

Many travel insurance companies will cover your emergency repatriation into the country, but many will only cover you up to a certain point and/or up to a certain amount. Emergency repatriation only covers medical emergencies. If you need treatment or surgery, but you will survive until the time/date of your original travel plans, then the travel insurance company will not cover you. In other words, your repatriation needs to be due to a medical emergency.

Cancellation or Trip Interruption

We argued as to if these count as “Must-Have” features of a travel insurance policy. However, so many travel insurance companies offer these features as standard that they must consider them as “Must-Have” features. Do not forget that there are plenty of reasons why trip cancellation insurance will not pay out (check out my article on it right here), and almost all travel insurance companies will only cover you up to a certain amount.

Personal Liability Cover

If you harm other people, lose their property, or damage their property, then personal liability cover may cover you. It is one of those policy features where the devil is in the detail. For example, if you accidentally drop your luggage down some stairs and it injures a member of the public, then your travel insurance company may pay up, but if you hit a member of staff in the hotel, then the travel insurance company may pay out to the hotel, but may refuse to pay out to the staff member. This means you are safe if the hotel sues you but not if the employee sues you.

Personal liability cover is one of the more confusing elements of travel insurance and is something where you genuinely need to read and understand the small print to fully understand what you are paying for. Personal liability cover usually comes with robust coverage that runs into hundreds of thousands and maybe even into millions. Claims made by your family members or employees will not be covered unless is says so specifically in your policy. You are also not covered if another company can pay. For example, if you hit somebody with your car, then your travel insurance policy will not pay and will demand that your car insurance company pays (even if you didn’t have car insurance).


What Other Travel Insurance Features Do People Choose?


There are quite a number of different features a travel insurance policy can have. Here are some of the most popular. These are not typically included in a travel insurance policy. These are typically add-on features that you can add to your policy during the purchasing process.

Baggage Cover

If your baggage is stolen, damaged or lost, then your travel insurance company may pay out, but it isn’t often as easy as it seems. For example, some travel insurance companies will want a fair amount of proof of what was in your bags, which may include receipts. Some will cover you for everything, and others will demand you pay extra for valuables and/or electronics. You will also need written reports from the police, travel company, airline, or whomever/whatever caused the loss or damage. You will also need to make reports to the airline/travel company/police within a certain time limit, and you will need to make your claim within a certain time limit.

Missed Departure

If you miss whatever it is you are traveling on. They will often cover your expenses up to a point, such as covering additional accommodation or travel expenses. However, they do not cover you if you are late by your own doing. You have to prove that you had a breakdown, or that the bus that was taking you to the port/station/airport broke down, or that the reason you were late was not your own. The amount of coverage is often rather low and only covers the extra costs you may have had to pay.

Trip Delay

If you can prove that your trip was delayed thanks to the weather, industrial action, or mechanical breakdown, then trip-delay insurance may cover some of your extra costs. Be careful with regards to “Mechanical” problems because your travel insurance company may cover mechanical problems with the coach taking you to the airport, but not cover you for mechanical problems with your plane. The amounts given to cover your extra costs will rarely come to more than $1000. Plus, each travel insurance company has its own ideas on what a delay is. A common number is between 12 hours and 24 hours. Some travel insurance companies call trip delay and trip interruption the same thing, and others do not.

Travel Abandonment

In places such as Australia and to a lesser extent in the UK, you will hear about a feature called “Travel Abandonment.” Many US insurers consider travel abandonment to be covered in trip cancellation insurance. After all, there are plenty of reasons why a trip may be canceled because the traveler decided to abandon the trip (such as if the hotel burned down and there were unexpected bush fires in the area).

Check with your travel insurance company as to what they consider to be “Travel Abandonment.” In Australia, travel abandonment covers you if your primary means of transport (train, plane, boat), cancels and/or delays you for 24+ hours due to mechanical breakdown, bad weather, an accident and/or industrial action. Beware that if the travel company offers a suitable alternative means of transport, then your travel insurance company will not pay.

Dental Emergencies

In terms of value for money, these are rarely worth your effort unless the cost is very cheap. Dental add-ons/features will usually only pay for the relief of pain while traveling. They will not cover cosmetic treatment and will not cover non-emergency treatment. Plus, the amount that the policy covers is rarely worth your time. It is probably only worth your time if the travel insurance company is offering it for a very low add-on price.

Cash And Money Coverage

Be very careful when buying this insurance because the wording is important. If you have “Cash” coverage, then it usually only means they will replace the paper money you are holding up to a certain amount. If your paper money is stolen (police report needed) or damaged (proof needed), then they may pay you up to a certain point.

If you take out “Money” cover, then your paper money is covered, and so are your traveler’s checks and maybe even your pre-paid tickets. In most cases, you will need a police report if your money is stolen or damaged through the fault of another person, and some travel insurance companies will not pay out if you do not make the report within 24 hours of the incident.

Loss Of A Passport

Some travel insurance companies will help you with hot lines and advice on what to do if you lose your passport, and others will just give you money to pay for your extra expenses. We have seen some policies that offer very little money to help you replace your losses. It may not be worth your while taking this type of insurance unless the potential costs of losing your passport are very high wherever you are going, or unless the travel insurance company offers a robust amount of coverage and help if you lose your passport.

Terrorism Coverage

Ooooh yes, they have this these days too. Who would have thought that insurance companies would find a way of making money out of Muslim extremists, and yet here we are. Be very careful with regards to terrorism cover because we have seen lots of policies where people are not paid because they are not close enough to the terrorist activity, or because their trip wasn’t disrupted enough by the terrorist activity. Do not trust a policy that says it gives you full cover because they may only mean for medical expenses where others may include medical expenses, trip interruption, baggage loss/damage and even personal accident due to terrorism. Terrorism cover is fairly new when compared with most other features, which is why travel insurance policies vary so widely on their definitions of what is and isn’t covered.


What Are “Circumstances Beyond Your Control”?


Many definitions of travel insurance are to cover things/circumstances/events that are “Beyond Your Control,” but definitions of circumstances beyond your control are sometimes hazy. The bullet-point list below shows what many travel insurance companies consider to be “Circumstances beyond your control.” However, every travel insurance company that we have come across have plenty of terms and conditions (small print) with regards to what counts as a circumstance beyond your control. For example, if you have trip cancellation insurance, you can often cancel your trip due to large weather issues and your travel insurance company will pay out, but if you book the trip cancellation insurance when a named storm is approaching your destination, then you will not be paid, and yet if the storm is not named, when your travel insurance company will probably pay out.

  • Transport cancellation and/or trip abandonment – You may be paid by your insurance company if the travel company cancels it services or if it delays you for 24 hours without offering suitable alternatives. Your ship, train, coach or flight may be delayed or canceled because of bad weather, an accident, industrial action or a mechanical breakdown. Beware of what is covered become some do not consider mechanical breakdowns a valid reason for canceling, especially if you can sue the travel company.
  • Death, Illness or Injury – The insurance company may pay out if you become ill, you die, or if you suffer an injury. They may also pay out if one of those things happens to your traveling companion. However, they will often refuse if it problem is due to a pre-existing medical condition.
  • Government advice – If you are told not to travel to your destination by a government agency, then you may be able to make a claim to your travel insurance company so long as the problem was unforeseen. For example, when the government tells you not to travel to a country because of US citizens being kidnapped, or such as when the Australian government bans travelers from certain areas because of brush fires.
  • Unforeseen Money Problems – There are some unforeseen money problems that travel insurance companies will cover you for. For example, if you are fired or made redundant and cannot afford to complete your trip, then you may be able to get some of your non-refundable money back from your travel insurance company. Unforeseen money problem policies often have their own names such as “Job Loss Cover.”
  • Jury Service – Again, this is only applicable if Jury service is a complete surprise to you. For example, if you are summoned to be a witness in court, then you may be able to claim some/all of your money back so long as it is a complete surprise and you had no prior warning when you took out your travel insurance policy.
  • Unforeseen Damage To Your Home – Some travel insurance companies will allow you to cancel your trip and get your money back if your home becomes damaged within the timeline that the travel insurance company specifies. You may also be able to claim some of your non-refundable money back from your trip if your home is rendered insecure (maybe due to somebody driving through one of your walls), and/or if your home is burgled during a specified time frame. Some policies will also cover the major companion that you are traveling with too.
  • Pregnancy Complications – If your doctor says you are not fit to travel because of an unforeseen pregnancy complication, then the travel insurance company will probably pay out. Be very careful when buying add-ons related to this because time frames are very important, and possible foreseen complications will result in you not getting paid.


Does Travel Insurance Cost More From Travel Agents, Tour Operators Or Airlines?


In our experience, it almost always costs you more if you buy travel insurance through travel agents, tour operators or airlines. I have a hard time understanding why because most affiliates will offer their sellers a bit of a discount so that people are drawn to their services and they can make more affiliate sales, but this isn’t the case with travel agents, tour operators and airlines as they will often tag on a little extra profit by overcharging for travel insurance.

The reason why travel agents, tour operators and airlines add a bit of extra profit when they sell travel insurance is because they are doing most of the work for you. The deals that travel agents, tour operators and airlines pick out are often best suited for the particular destination you are visiting, which takes a lot of the fuss and hassle out of the travel insurance search.

Do not reject insurance from travel agents, tour operators and airlines if they have it on offer. Shop around a little and use their travel insurance as your benchmark. Look for other deals to see if you can get more for the same amount of money. Also, we have noticed that some budget airlines will offer the same travel insurance deals as each other for the same destinations, and yet one charges far more than the other.


Do Search Cookies Really Affect My Travel Insurance Prices?


Yes, search cookies really do affect the prices you see on websites and on comparison websites. Many news agencies claim there is no conclusive evidence as to if this happens, but it doesn’t take much research to figure it out. We have manipulated prices a few times in our favor. After all, all you need are three different computers in three different locations (in the same state), with different IP addresses, and the ability to clear your cookies after a search. Do a little trial and error testing, and you soon find out what drives down your price and what doesn’t.

It doesn’t always work against you. For example, we have found companies and comparison websites that show lower quotes “Because” we visited their competitors first. If you have shopped around, you know what you want, and you have all your quotes, try clearing your history and cookies and then going on the hunt for more quotes by visiting the same websites in a different order. You may be surprised at the results you get back.


Should I Pick The Highest Excess Amount?


Why do I need travel insurance if my excess is more than the amount I wish to claim? It sounds like a dumb question, but there are oodles of negative online reviews about travel insurance companies where the customer cannot understand why he/she won’t be paid because of the excess. For example, one reviewer tried to claim the full $250 for lost baggage, but was told he would receive nothing because his excess was $750. He felt cheated because he figured he had bought baggage cover for nothing, but he felt cheated because he misunderstood the policy. If he lost his luggage and became ill at the same time, then he may have claimed for his medical costs and his lost luggage and received a lump sum (minus the $750 excess). In that case, he may not have felt cheated.

You have to consider the excess amount when you take travel insurance. A higher excess/deductible may lower your travel insurance costs significantly, but it may also make some of your insurance mute. After all, if you are unlucky, then you may need to claim on one feature of your travel insurance (maybe trip delay, money theft, etc.). The chances of you needing to claim on two or more features is less likely, which means there are some features of your travel insurance that will be rendered mute because of your high excess. Just like the guy who had an excess of $750, there may be little point in the $250 baggage-loss add-on. If you pick the highest excess amount, then maybe consider stripping away some of the policy add-ons that only pay out small amounts because they may not be worth your while.


Why Do Some Worldwide Policies Exclude The US And Canada?


Worldwide excluding the USA and CanadaWe have seen many websites that say they exclude the US and Canada within their Worldwide policies. Luckily for you, it is only people in other countries (not the USA, not Canada) where this seems to apply. Yet, it is a very common clause.

The biggest reason why worldwide policies tend to exclude the USA and Canada is because travel insurance companies want you to pay extra for your travel insurance if you are going to Canada and/or the USA. Why? Because travelers are more likely to be sued if they go to the USA or Canada.

I will not file frivolous lawsuits sue happy people

Suing people is so common in the USA and Canada that travel insurance companies demand that travelers pay extra when going there to cover the possibility that the traveler will be sued and the travel insurance company will be stuck with the bill.


Links And The Wealth Building Articles That Mention Why Insurance Is/Isn’t A Good Investment


We used Allianz Travel Insurance in many of our examples because we think they are the best travel insurance company on the market at the moment. If they were covered in pollen, then they would be the bee’s knees.

I mentioned a bunch of wealth building articles at the beginning of this article. Here are their links again. Many of them discuss the pros and cons of insurance. Personally, there are times when I don’t take any travel insurance because I cannot see the point in paying small amounts of money for little-to-no protection for trips where I am very unlikely to get hurt or become ill. Some people take cheap travel insurance because they figure having some is better than having none, but such offhand indifference is the same as throwing money down the drain. Either do it right and get a good policy, or give travel insurance a miss and hope you have no bad luck.

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About The Author

Ash The Great

After a varied career in different industries from the hospitality industry to the financial consultancy industry, Ash now spends his days working as a professional writer.

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