How to Protect Your Travel Investment

$350! That’s the average cost per day for one person to spend on vacation according to Stuffedsuitcase.com. That doesn’t sound too bad now does it? But, is that number lowballed?

The $350 amount is derived from adding together average accommodations and meal prices. It doesn’t include travel costs like gas for driving or tickets if flying. Also, it doesn’t include incidentals or unforeseen expenses. For example, what if you’re injured or become ill while on vacation and need to seek medical attention. Or, what happens if the country you visit suddenly becomes politically unstable and you have to evacuate.¹

The point is, when you add everything together, the daily amount is something more than $350. Vacations represent a considerable expense. So, what happens if you can’t go on your vacation due to some unforeseen, last-minute event? Or, what happens if you’re required to cut your vacation short?

Here’s the bottom-line question: What happens to your vacation investment if you can’t go on your trip? Is all that money lost?

It doesn’t have to be. There is a solution designed specifically to help you hedge against the financial risks of taking vacations. It’s called travel insurance.

How Does Travel Insurance Help?

“Travel insurance hedges against the financial risks associated with traveling,” says Dan Drennen, Director of Sales and Marketing at Travel Insurance Center^®. “The trick is getting adequate coverage based on your needs and budget.” Drennen adds, “Solutions exist for an eclectic array of travel situations. There are even Coronavirus-friendly plans, Cancel For Any Reason and Interrupt For Any Reason policies.”

Coronavirus-Friendly Plans

Just because COVID-19 isn’t in the headlines like it once was, doesn’t mean it’s no longer a threat. Dan recommends that all travelers consider purchasing Coronavirus-friendly travel insurance. This type of protection can provide a way to hedge against financial risks related to travel in a post-pandemic world.

Coverage may include costs connected with travel delays, emergency medical and evacuation, trip cancelation and interruption, and the like. Despite continued uncertain times, you can schedule trips with confidence because of the financial protection available through these plans.

Cancel For Any Reason Policies

According to Drennen, Cancel For Any Reason policies represent one of the most effective options for protecting your travel investment.

Eligibility Details Regarding Cancel For Any Reason Coverage²

1. The policy must be purchased within 14 to 21 days (depending on the insurance carrier) of your very first trip payment or deposit. If you go beyond that timeframe, then Cancel For Any Reason insurance policies are not an option.
2. You must insure the full, pre-paid, non-refundable cost of the trip.
3. If you do cancel for any reason not covered under the standard trip cancellation provisions of the policy, you must do so 48 hours or more before departure.

Final Thoughts

When looking at travel insurance, there are many available insurance carriers and solutions. How do you know which solution is best for you? That’s where Dan and his team of Travel Insurance Experts come into play. “We do the research to find the most suitable insurance solutions for your particular needs and budget,” Dan says. “Plus, we do it at no cost to you!”

The Travel Insurance Experts at Travel Insurance Center would love to help you protect your travel investment. Call them at 1.866.979.6753 to get started.

1. Some travel policies may provide this protection. A licensed agent at Travel Insurance Center can assist in fitting a policy to your specific needs

2. Do contact Travel Insurance Center at 1.866.979.6753 for a more complete rundown of product benefits, features, limits and exclusions.

Travel Insurance Center is operated by Senior Market Sales LLC, a licensed insurance marketing organization. Insurance services provided by Senior Market Sales LLC. This is a solicitation.