Travel Tips: When do I need to purchase travel insurance?
(AP) — I’m driving to the Poconos for Thanksgiving and flying to Paris for Christmas. Should I buy travel insurance for both trips?
A: You should consider purchasing travel insurance if you can’t afford to lose the money you invested in the vacation or if you can’t cover unexpected medical and emergency costs at your destination.
Most comprehensive travel insurance policies offer three types of coverage — financial reimbursement for trip cancellation or lost baggage, medical coverage and emergency medical transportation. You can also buy a la carte coverage from some insurers.
The cost of the policies depends on the type of coverage, your destination, your age and gender and the cost of your trip.
For example, an all-inclusive package for a $3,000 trip to Paris for Christmas week runs between $278 and $550 for a 60-year-old and between $172 and $367 for a 30-year-old, according to InsureMyTrip.com.
While you probably can go without coverage on your road trip, you might want to think about insuring your more expensive vacation that has nonrefundable deposits.
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Comment by Europe Travel Insurance — November 14, 2007 @ 5:15 pm