Travel insurance?

  • Posted by a hidden member.
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    Feb 22, 2011 5:31 PM GMT

    Curious if you guys have an opinion on purchasing travel insurance for trips that cost, say more than $5,000 total for two people. Good idea? Waste of money?

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    Feb 22, 2011 7:26 PM GMT
    I get my travel insurance from RBC (Canadian bank). It's not so expensive. I usually get the emergency medical + travel (cancellation/lost baggage) together. It's just about having peace of mind when I'm travelling.
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    Feb 22, 2011 10:50 PM GMT
    sweetyork saidI get my travel insurance from RBC (Canadian bank). It's not so expensive. I usually get the emergency medical + travel (cancellation/lost baggage) together. It's just about having peace of mind when I'm travelling.





    It seems like the costs run about $150 on average... which considering the cost of the trip, how far off it is (November), the amount I've had to put down already, and my destination, I'm thinking it's probably worth the peace of mind. I just hate to spend money unnecessarily, but I'm also not much of a gambler!



  • Posted by a hidden member.
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    Feb 23, 2011 12:31 AM GMT

    In my experience, trip insurance can be a good thing to have, with a few provisos: check to see that you're not already covered via a home policy, a credit card, etc; make sure that what you're buying covers reasonably high amounts for the risks that you're most concerned about; and be aware that the medical and med-evac portions of these policies rarely cover any pre-existing condition that required treatment in the year before you travel.

    By coincidence I was talking with a colleague today about four times my family and I were really lucky to have travel insurance:

    -I got appendicitis in Shanghai in 1990 and needed med-evac to Hong Kong

    -My wife had a miscarriage in Hanoi and needed med-evac to Singapore

    -My son got chicken pox on the last day we were on vacation in Orlando. Then my daughter got them so we were unable to fly back to London for two and a half weeks and had all kinds of re-booking, hotel expenses, etc.

    -My son became seriously ill in the UK and needed a medical escort and four first class seats to fly back to the States.

    So a few hundred dollars in premiums saved us something like $200k in expenses.

    Bon voyage.
  • Posted by a hidden member.
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    Feb 23, 2011 7:31 AM GMT
    Yes, I have. I consider it buying myself peace of mind. Should anything come up, I'll be covered.
  • trevchaser

    Posts: 237

    Feb 23, 2011 8:58 AM GMT
    Check with credit cards that offer points for travel. The high end card usually cost less per year than separate travel insurance costs per year. The perks are you get a high end card which gives tons of perks like theft warranty, extra warranty, damage protection, concierge service, discounts to retail affiliates, points for travel, points for gifts, oh....did I say travel insurance too? icon_biggrin.gif
  • Posted by a hidden member.
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    Feb 23, 2011 9:41 AM GMT
    I always get it. Even when I go overseas for work, I still buy my own insurance. DO IT!
  • Posted by a hidden member.
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    Feb 23, 2011 1:10 PM GMT
    I think it's a good idea. Not that expensive compared to being overseas and losing your credit cards/passport/cash without it!

    Like the guys above said, check with a credit card to see if you are covered through them.


    Do they still offer flight insurance in airport terminals? Although it seems a bit gruesome, you used to be able to buy a small policy from a vending machine for about $5.00 for $50,000 life insurance that was good only for your flight.
    Maybe they should bring that back if it's not done anymore.icon_cool.gif
  • Posted by a hidden member.
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    Feb 23, 2011 1:16 PM GMT
    Yes it is a good idea. Get it. Even if you only end up needing it for lost baggage (so much easier than dealing with the airlines) and if the trip is that far off anything could happen (airline strike, volcano shuts down air traffic to Europe, riots in whatever country you're traveling to, etc).

    I get it and have used it - worth every penny.

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    Feb 23, 2011 1:23 PM GMT

    Man, those are some frightening examples you guys gave. Motivation enough to go for it. I have to say, I've been on expensive, distant trips before without insurance and always have this little voice in the back of my head reminding me of how far from home I am and how nobody's looking out for me. icon_neutral.gif I practically duct-tape my passport and credit cards to my chest.

  • davis5876

    Posts: 1

    Mar 05, 2012 2:32 AM GMT
    Hey I just downloaded the travel club app myTravelSOS.. It says I have a personal assistant and full legal/medical coverage while on vacation. Why should I be paying a monthly fee if it only covers a couple of weeks of vacation for me?"
  • sampaul5555

    Posts: 1

    Mar 05, 2012 7:05 AM GMT
    It sounds like you downloaded the amethyst 14 version of mytravelsos, which gives you 2 weeks. I have the same thing, but don't forget you can use a lot of the features while at home too. I was on a business trip in Chicago and called my personal assistant to find me a great sushi restaurant. My boyfriend used a panic button to get a locksmith when he locked himself out of our apartment once too. -You'll find a bunch of reasons to use the application. Ten bucks a month for such a service is nothing
  • Suetonius

    Posts: 1842

    Mar 05, 2012 7:17 AM GMT
    DJBoston said
    Curious if you guys have an opinion on purchasing travel insurance for trips that cost, say more than $5,000 total for two people. Good idea? Waste of money?

    I often use Travelex when I travel abroad. Premium is based on cost of trip. Includes insurance for rental cars in just about any country - so you don't have to buy insurance from the rental agency- up to $50,000 if I remember correctly. Also, if going to some 3rd world country, pays for an air ambulance to get you back to the states if necessary for medical treatment. For cruises ( I am not a cruise person) or other non-refundable vacations, would cover the cost of the cruise/resort plus airfare, if you had to cancel or leave early because of a medical emergency or death of a family member, etc. For ordinary travel in the US, I would not get the insurance, because credit cards cover rental car damage insurance. Also includes the usual - lost/damaged luggage, missed plane connections, lost passport etc.
  • Posted by a hidden member.
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    Mar 05, 2012 7:23 AM GMT
    In this case, I'd say go for it. It's the fact that it's an expensive trip with a far-off date that tips the scales for me.
  • HollywoodHist...

    Posts: 403

    Mar 06, 2012 9:14 PM GMT
    I worked for Princess Cruises and Cunard for five years and I can tell you that you DO WANT to get insurance for a trip that expensive. For two of the years I was with them I worked Customer Relations and headed up Property Claims and I can't tell you how many times I wasn't able to help someone because they didn't have insurance. All kinds of things can happen that are beyond your control that are unexpected. GET IT GET IT GET IT!
  • HollywoodHist...

    Posts: 403

    Mar 06, 2012 9:17 PM GMT
    Note: with home policies and credit card travel insurance - most of them only cover domestic travel. If you are going out of country they will be of no use to you. If you have one of these double check on that.
  • calibro

    Posts: 8888

    Mar 06, 2012 9:18 PM GMT
    check how much your credit card (if you paid with a credit card) covers... amex has a particularly good insurance built in when you buy your plane tickets with it.
  • Posted by a hidden member.
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    Mar 06, 2012 9:27 PM GMT
    I highly recommend it! When I was stuck in Barcelona (I know...worse places I could have been stuck in) due to strikes, the insurance reimbursed me for additional expenses I incurred before I was able to leave the country. Definitely came in handy and worth the peace of mind.
  • Posted by a hidden member.
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    Mar 06, 2012 9:49 PM GMT
    We have always taken travel insurance when leaving the country, except for Canada. Seems prudent, since one never know what can happen between now and November. I would get the kind you can cancel for any reason. It costs more, but to me it's worth the price. Get insurance that covers emergency transport home.