One thing we know for certain these days: Life can change quickly and not always in the way we would like. If you’re considering traveling for business or pleasure, travel insurance can help give you peace of mind in case not everything goes as expected.
If you’re not sure you need travel insurance, consider these reasons others have found it valuable:
1. You won’t lose the entire cost of the trip if you cancel.
No matter how well we plan in advance, sometimes we need to suddenly cancel a trip. Airlines, cruises lines, or hotels may offer minimal or no refund for abrupt cancellations. Having travel insurance can provide you with an extra layer of protection, should you need to change your plans for a covered reason.
2. Medical emergencies during a trip, especially overseas, can be costly.
Unfortunately, just because you are on vacation, doesn’t mean you are immune to accidents or illness. And, to make things worse, your health insurance might not cover any of your expenses if you’re in a foreign country. But travel insurance with emergency medical benefits can help pay for expenses due to covered medical and dental emergencies that occur during your trip – and may even help you coordinate your trip home so you can get treated by your own doctor.
3. You won’t have to pay for costs due to travel interruptions or delays.
Frequent travelers know that it is very common for flights to run behind schedule, which can cause significant delays in your trip. But with travel insurance, you’ll be reimbursed if you need accommodations, meals, or lose prepaid costs due to a covered delay departure.
4. Delayed or lost baggage can be a real inconvenience.
If your luggage gets lost temporarily or permanently when you are traveling, travel insurance will reimburse you for essential items that you need so your day-to-day can go on like nothing ever happened.
For additional guidance on finding the right travel insurance, please contact your insurance broker or travel advisor.
Insights and expertise
This document is advisory in nature and is offered as a resource to be used together with your professional insurance advisors in maintaining a loss prevention program. It is an overview only, and is not intended as a substitute for consultation with your insurance broker, or for legal, engineering or other professional advice.
Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at www.chubb.com. Insurance provided by ACE American Insurance Company and its U.S. based Chubb underwriting company affiliates. All products may not be available in all states. This communication contains product summaries only. Coverage is subject to the language of the policies as actually issued. Surplus lines insurance sold only through licensed surplus lines producers. Chubb, 202 Hall's Mill Road, Whitehouse Station, NJ 08889-1600.