Trip Cancellation Insurance. A must read. Do I really need ? Do I know reasons that I dare not ?

Do you have car insurance ?  Why ?

Is it only because you are made to have it ?  The biggest reason you have car insurance, is to protect you !  Whether it be, you caused the accident, or the other guy doesn’t have the needed insurance, to protect you at your best !  Matter of fact, when you choose your coverage for car insurance, you need to think about what YOU may need for YOU !  Meaning … KNOW YOUR SPECIFIC COVERAGE !

Home owners ? Why ? Fire, theft, water damage, etc !  Again, protecting your home and your money !

Renters ?  Why ?    Lots of folks don’t have this.  Not a good idea if you don’t !

You don’t actually buy these insurances, with the anticipation of actually needing to use, do you ?  Well, in general, we do !  So what I mean is, you don’t buy these insurance cause you KNOW something is going to happen, right ?  You buy, “in case” something were to happen !

What about Health insurance ?  Why ?

Is Health insurance an “age” thing ?  You think so ?

Take a look around !  Look at facebook posts !  If you thought years past, that health was an age thing, take a look at social media posts !   More and more today, all of us, have an opportunity to realize, if you’re paying attention, that health is not an “age thing” !

You may say … Well, I know it could happen to me, but I don’t think so !  That’s a natural thought !

I know I said it years back.  At age 40, I was run over from behind.  I was not in the way either.  This person backed up and went into a different parking space, instead of just backing into the thorough fare !  Picture a parking lot ! 

And don’t laugh (I know you’re not) … But I was on VACATION !  And better yet … It was in a “no fault state”.  Do you know what that means ?  It means, I have to cover my own expenses.  Whether it involved my car (which is did not), hospital expenses, and more.  Do you know the laws in every state ? In ever country ?

Thankfully, I did health insurance.  And one of my medications, into the second year of the accident, cost $30,000.  Now unfortunately, I have pre-existing condition.  One in which, my medication is changed often.  Your doctor is the determining factor, of whether your condition is pre-existing.  It’s not what you think nor others !  It’s determined by the doctor !

Now let’s talk Trip Cancellation Insurance.

There are folks who believe this is a waste of money !  Well, it could be.  How many years do you go without using your home owners insurance ?  Car insurance ?

I know some folks, who buy insurance, buy intentionally, in hopes, this will mean they won’t use it … Won’t have issues or any reason to need it … Ward off disaster !   Hoping it will be wasted money !  A great choice in how to look at it !

You say, well, you think you’ll take this gamble, and go without Trip Cancellation insurance.  Well, you can.  But a true question to ask yourself … Am I ok with loosing this money ?  And if you are, don’t buy !  But if you don’t like your own answer, reconsider your decision and buy !

Here’s another question to ask yourself.  How much more “stressed” might you be, if something happened, and you didn’t have coverage ?   My reason for buying any insurance, is the value it gives to me, of “less stress”.  Sure, I don’t want nor anticipating disaster, like anyone else … But if were to happen, I would like to eliminate the stress portion it would add, if I didn’t have it.

And as a single person, I believe the reason for Trip Cancellation Insurance takes on a new meaning.

Not only to protect me of the “unknown” of my roommate, but to protect my roommate, from any situation that my health or my life could cause to them !  It’s my opinion only, that a single person, not choosing to purchase Trip Cancellation Insurance, is a possible double whammy, for that unknown situation to surface !  You can’t be a roommate of mine, if you don’t purchase Trip Cancellation Insurance.  If you don’t want to protect yourself, I’m going make sure, you protect you from me and me from your unknown !  And if you’re a single too, think wise about this !

Trip Cancellation Insurance is not just for cancelling.  Though every policy is different, in the amount of coverage, is usually covers health & accident, emergency evacuation and more.  But again, make sure YOUR coverage !  This is about YOU … What YOU might need … Don’t assume all insurances are created equal !  If you aren’t given a copy of the policy to read … Don’t assume you have what you need !

Does your health insurance cover out of the country ?  Do you know ? Have you checked ?  Though I am not an insurance broker, to answer nor sell insurance, I have been told by the insurance companies “we” use, that insurance does not cover folks on Social Security.  And if you are on the new Marketplace insurance, most folks, are not even covered out of their STATE (emergency may be different … I’ll let you find out).

And what is your health insurance deductible ?  So even if you are covered, Trip Cancellation Insurance can help with that deductible.  Up until last year, my deductible was $10,000.  Though I could not buy additional insurance to cover me for this deductible, I could buy Trip Cancellation insurance, to help cover me if I were hurt/sick on vacation.

Do understand, Trip Cancellation Insurance is a secondary insurance.  If it took 1^st position, you would pay a whole lot more !  I won’t get into this here, but your main insurance plays 1^st position.  For example, like mentioned above, Social Security doesn’t pay out of the country, so the Trip Cancellation Insurance moves into 1^st place now !

 

FYI … The reason I actually decided to write about this topic today … I had a caller this morning … Was to leave on vacation this Sunday.  Partner had to have emergency surgery.  The doctor says “no” to them going.  They have Trip Cancellation Insurance !  Even bought insurance to cover their flight (not at the airlines).

I have saved a lot of folks, their money, their vacation, and less stress, because they had purchased Trip Cancellation Insurance.  Know, once you have paid final payment, and you have the type of coverage you truly need, you have up till “day of leaving” before you actually have to cancel – Again, it has saved many a vacation, that didn’t have to be cancelled, and the person was able to go !

 

There are so many angles and reasons for buying Trip Cancellation Insurance … Just like any other insurance you buy … It’s about protecting YOU … and YOUR VACATION MONEY !  You can't predict your future (or other family members), can you ?