cheryl
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Traveling Abroad? Here’s What You Need In Addition To Travel Insurance - Travel Awaits
Following a couple of years relegated to mostly domestic travel, people are ready to explore international destinations again. In fact, over 35 percent of our readers aged 50 and up plan to travel internationally in 2022.Post-pandemic travel bookings have also seen an interesting trend: Travel insurance sites are reporting a 300 percent increase since early 2020. People are warier about last-minute cancelations and unexpected travel risks, so more are taking the steps to protect themselves and their investment.
While booking travel, especially to an international destination, it is always smart to add travel insurance. Travel insurance typically protects your initial trip investment — up to a certain percentage — and your luggage if it is lost or stolen during your trip. Be sure to read the fine print on the insurance coverage; many policies require the trip cancellation to occur a minimum number of days prior. Additionally, the cancellation reason must be a valid reason that is listed in the terms, including circumstances like major life events, some natural disasters, or the closure of the travel destination. Some companies offer additional coverage, like Cancel For Any Reason insurance, for an extra charge.