With winter finally over and warmer weather here to stay for a while, some of you may be thinking about taking a well-deserved trip. You might want to consider travel insurance to cover the investment you are making. Travel insurance can protect against possible financial losses if you are forced to cancel, delay, or interrupt your vacation. Travel insurance can also protect against the loss of non-refundable travel costs such as airfare, hotel, and tour expenses. Some types offer protection against losses due to medical emergencies, damage to personal property, and even a death which may occur away from home.
Before buying travel insurance, check the refund policies on prepaid expenses. Some will refund your money if you cancel months in advance, but few will offer any refund if you have to cancel at the last minute due to unforeseen circumstances.
If you are working with a travel agent you trust, ask about his or her experiences with various travel insurance companies. Have their customers filed claims? Were those claims paid? If you are planning an adventurous vacation such as skydiving or scuba diving, ask if the insurance will cover those types of activities.