Last updated: 03:00 PM ET, Thu August 11 2016

Get to Know the Ins and Outs of Purchasing Travel Insurance

Features & Advice | Allianz Global Assistance | Janeen Christoff | August 11, 2016

Get to Know the Ins and Outs of Purchasing Travel Insurance

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Many reasons are contributing to the influx in travel insurance purchasing these days. While fears of terrorism and the Zika virus are definitely factors in the uptick, travelers have never been more savvy about their vacation purchases, and many companies are promoting insurance or insisting on the purchase of travel protection plans when customers purchase through them. 

But should you buy travel insurance? Many people may be asking whether it’s worth it or what it covers. The answer is often not simple — and there seam to always be caveats. 

The short answer, according to Time, is “ideally, travel insurance will reimburse most (no, not all) of your expenses if you or a traveling companion has an illness or injury that prevents you from taking a scheduled trip, if circumstances beyond your control make it impossible for you to take your trip, or if you get sick while traveling.”

In the article Damian Tysdal, founder of, says that the key is understanding the fine print. 

“Travel insurance is a ‘named peril’ insurance policy, in that it specifically states what is covered,” Tysdal explains. So if an event or calamity isn’t spelled out in the policy, don’t expect to be covered if it occurs.”

READ MORE: More Travelers Considering Travel Insurance  

Some insurance policies cover you if you fall ill before your trip and are unable to travel but don’t cover you if you fall ill while you are traveling. That would be protected under a different type of policy. 

Ultimately one of the best ways to go would be a “cancel at anytime plan.” 

To find out how much these policies cost, how they differ and what you need, check out the article in Time

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