Service: Roamright Travel Insurance
Price: varies, but can be less than $100
My Roamright Travel Insurance Rating: 9.4/10
What is Travel Insurance?
Before I can answer the question whether it is worth the money to buy Travel Insurance, I need to make sure you fully understand what travel insurance is. Simply stated, travel insurance is meant to insure your trip against financial loss due to trip cancellation, illness, injury, lost luggage, stolen items while on vacation and much more.
A couple of examples of why you would file a claim with your Travel Insurance Company:
You buy a trip to Europe for you and your family of 5 for $12,000. Suddenly a day before your trip, one of your family members falls gravely ill and is admitted to the hospital and may be there for several days. Going on the trip at this point no longer an option. Travel Insurance would reimburse you the non-refundable portion of your trip so there is no financial loss on your part.
You travel to Mexico for a fun and adventurous vacation. You safely arrive to Mexico and your first couple of days on the beach are wonderful and relaxing. On day 3, you go on a hike in the jungle and you have an accident and break your leg. Your health insurance in the USA only covers you in the USA, but no problem, you have travel insurance and they pay your medical costs for your broken leg.Travel insurance is pretty simple.
Why Have Travel Insurance
Is Travel Insurance worth it? Although you are more likely to have a great vacation without any negative incidents, there is always that chance. Bad things can happen to anyone at anytime whether you have insurance or not. You need to weight the cost of your trip against the cost of insurance. If your trip costs $8000 for your and your family to travel to Cancun, and travel insurance costs $260, you need to determine if you are willing to risk $8000 just to save $260, and it goes beyond that. Medical costs outside the USA can easily run in the 5 figures. Are you willing to risk $50,000 in order to save $260?
There was once an individual who was injured in Puerto Vallarta, Mexico and had to go to the hospital there. His medical bills exceeded $40,000 and he had no travel insurance, nor did he have the means to pay that money out-of-pocket. The hospital and law enforcement detained him there until he could pay. Although stories like this are extreme, it is so much better to be protected in case of the worst possible scenario.
Roamright is just one of many Travel Insurance providers.
Features of Roamright Travel Insurance
Roamright gives you a choice of coverage packages and you can pick one that best fits your needs. They offer the following key coverages throughout their different plans:
Trip Cancellation: Pays you up to the non-refundable portion of your trip if you need to cancel due to accident, injury, sickness, death, death in the family etc.
Cancel for Work Reason: If your boss is a jerk and makes you work after you already reserved your time off and paid for your vacation, you would be paid up to the non-refundable portion of your trip.
Trip Interruption: If you have to end your trip early due to an illness or injury, this would reimburse you the fees, change penalties involved in having to cancel your remaining hotel stay and having to change your airline ticket to an earlier reservation.
Emergency Accident and Sickness: This is really a much larger benefit when traveling internationally as your health insurance in the USA will likely cover you while in the USA. This pays up to $50,000 in medical costs with a $50 deductible.
Baggage and Personal Effects: Have you had your luggage go missing after a flight? We did, and it took 5 days for us to get it back. We had to buy clothing for 4 people and it cost us almost $1000. It was a long and time consuming process to get the airline to reimburse us. It would have been much easier with travel insurance. It also covers lost or stolen equipment during your trip including computers, electronics, sports equipment, jewelry, and watches. Reimbursement up to $250 per item or $2500 total.
These are only a few of the benefits, but are the most likely to occur. For a list of total benefits, visit Roamright’s website.
There are quite a few choices of Travel Insurance Providers to choose from out there, so why should you choose Roamright Trip Insurance? Here are some of the reasons:
You have 3 choices of protection plans to choose from; Essential, Preferred, and Elite.
You have options of upgrades and add-ons for a small additional price
You get a 14-day free look. In other words, you can cancel the policy for a full refund 14 days or more prior to the policy effective date or date of departure, which ever occurs first.
One Child per one adult is covered under the policy at no additional charge
Peace of mind knowing you are covered while on your trip. No more stressing about anything going wrong. You can enjoy your vacation without any worries.
A+ Rating with the Better Business Bureau. This means your claims will be paid, they won’t pack up and leave town.
Get a Free Quote to see how inexpensive it is to cover your next trip.
The only disadvantage to travel insurance is the cost. Nobody likes spending the extra money for Travel insurance, but we do it because the risk without it is astronomical, and the cost to have it is minimal. You can choose to go on your trip without coverage, but if anything goes wrong, you may find yourself rowing upstream without a paddle.
The best thing you can do for yourself now is to visit Roamright’s website, bookmark it, and when buy your next trip, get a free quote, see which plan works for you and your circumstances on said trip, and buy the policy.
If you have any questions or comments, please post them below and give me up to 24 hours to respond.