You do not need travel insurance for every trip.
There are cases where insurance is not necessary.
In these cases, buying insurance is a waste of money.
Remember, the decision to buy travel insurance comes down to 2 major factors, and understanding this will help you decide if you need it.
Do you need travel protection?
Travel insurance helps protect against the unexpected. A primary incentive to get travel insurance can be for the emergency medical assistance. Without these benefits, you can easily spend over $10,000 out-of-pocket for treatment and transportation expenses.
Is travel insurance worth getting?
It probably covers more than cheap travel insurance too. If your credit card doesn’t cover travel issues, then generally I’d say yes, travel insurance is probably worth it. If the money you’re spending on a trip is more than you can comfortably lose, then spending a tiny bit more to cover it is definitely worth it.
Should you take out travel insurance?
“If you need travel insurance, you generally need more than the policies the airlines sell.” For travel outside the U.S., you may want to consider international travel insurance to cover medical expenses should you get sick or injured while abroad. (Medicare does not cover foreign healthcare costs.)
When should you buy travel insurance?
WHEN SHOULD I BUY TRAVEL INSURANCE? The best time to buy travel insurance is within 15 days of making the first deposit on your trip, since buying early can often qualify you for bonus coverages. However, many plans let you buy coverage up until the day before you leave.