Word to the Wise: Is Travel Insurance Right for You?

Consumers considering the purchase of travel insurance must consider a few options. Homeowners and medical insurance policies might offer travel protection, so consumers should re-read their policies. There are several types of insurance, including trip cancellation, but limits cancellation policies to injury, illness, or death of a family member. Emergency medical evaluation is a smart coverage option for travelers whose destinations will not be readily accessible to medical facilities. Baggage loss is a common consumer coverage, which reimburses costs for stolen or lost bags; however, this policy generally only applies to consumers carrying over $2,500 worth of items. | Read More