Insurance states that most people do need travel insurance and for several reasons. For one, you just cannot predict the future and what might happen when you travel. That means that you cannot say for certain whether or not you will need your insurance, but would you rather take the gamble and lose the money you paid for your entire trip in case an emergency arises and you cannot go, or would you rather waste the small fee you paid for travel insurance when you didn’t actually need it? The question is one many people ask, and the answer is something that Allianz Travel Insurance cannot give you, but they can make a suggestion for you. Here are a few questions to ask before you buy travel insurance for your trip.
Is Your Trip Refundable?
If you are purchasing a trip that is not refundable, you might want to pay for the insurance if the trip was costly. However, if you booked a hotel room and you have up until the day of arrival to cancel without paying a fee, you might not want to bother with travel insurance. It’s all dependent on what you pay and how you pay it.
Was Your Trip Expensive?
If your trip was a lot of money, as in the fee for insurance is nothing in comparison to the money you would lose if you had to cancel or couldn’t go, you should get the insurance. If the price is about the same, though, you shouldn’t really worry about it since it would be a wash.
Does the Trip Have Its Own Cancellation Policy?
This is something you have to check for. Some trips include a cancellation policy or its own version of trip insurance, and that’s something you need to know. You don’t want to buy more if you already have it included, do you?
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