Travel with Maria Burridge
As the New Year approaches, many Seniors age 50+ are planning their travel plans. Millions of people travel each year by plane, train, cruise and motor coach. Only a small percentage of those people decide to purchase travel insurance, partially because most people are not aware of the option or do not understand how travel protection works. There are several good reasons to do your research into trip protection, particularly when taking a vacation as at the age of 50+.
Travel Protection - The basic purpose of a standard travel protection policy with trip cancellation protection is to reimburse travelers for their insured pre-paid and non-refundable trip costs if they have to cancel their trip due to a covered reason. The covered reasons vary by provider and plan, but depending on the plan, these “may” include:
• Accidental injury, sickness, or death of you, a traveling companion, or a family member
• Weather events that cause cancellations in travel plans.
• Mandatory evacuation ordered by local authorities at your destination due to weather related event or other natural disaster
• Strike that causes complete cancellation / major change of travel services of your carrier
• Bankruptcy and/or default of your travel supplier
• You or your traveling companion are terminated, or laid off from employment
Check your policy and know the plan before traveling.
This type of travel protection has become quite popular over the years with leisure travelers given the high cost of vacations. This type of coverage can also allow for better peace of mind. Most insurance companies that offer trip cancellation coverage are very easy to work with and will answer cancellation claims within a few days, so out-of-pocket expenses are minimal.
Many travel protection plans also have medical coverage for emergency medical expenses incurred while traveling. This is particularly important for international travelers, as standard health insurance plans sometimes will not cover medical bills from another country. These costs can grow to tens or even hundreds of thousands of dollars, so protective insurance coverage is highly recommended. Also note that travel protection may cover domestic as well as international hospitalization and treatment costs, and for people with managed care health insurance which can be helpful protection during domestic trips as well.
Travel protection pricing has changed post Covid. Most plans are focused on an age based / priced based metric. Check with your own carrier and credit card companies which may also offer travel protection but BE SURE to know the risks vs. purchasing a protection plan that may give you a peace of mind when traveling and investing in your travel experience.
When planning that next trip – whether it is a one-day trip, a motor coach excursion or vacation of a lifetime – consider protecting your investment which is YOU!