Travel Insurance Myths

Travel Insurance Myths that Could Ruin your Plans


Do you know what kills the excitement of 
planning a new adventure faster than the thought of shelling out cash for travel insurance? The thought of possibly shelling out even more cash in an emergency if you don’t have travel insurance.

Misconceptions about travel insurance often prevent travelers from taking the extra necessary steps to protect themselves. While it’s true that travel coverage does cost more, it’s a small price to pay in the event an emergency pops up and totally derails your plans. 

Myth 1: Travel Insurance is Too Expensive

When traveling abroad many unavoidable things can go wrong that you had not been aware of before: sickness, injury, missed flights, natural disasters, lost luggage, and when traveling to a location where adequate medical care is not available, your emergency medical evacuation could cost from $30,000 to well over $500,000 in real life critical situations. Plus, you will benefit with access to 24/7 emergency assistance services with your insurance plan. Considering how much travel insurance costs compared to the price of not having proper trip coverage, we need to say that it is too costly not to get insurance as a traveler.


Myth 2: Applying For Travel Insurance is Difficult

Luckily for you, finding a travel insurance plan has never been easier. Our experts have gone over tons of policies from numerous insurance companies in order to guarantee we’ll find the best trip coverage. Regardless of whether or not you are flying, cruising, relaxing in a resort, on a tour OR assisting in ministry / humanitarian causes, we will provide an  instant quote with a policy that is unique to your travel needs and style. 


Pro Tip: The best way to find affordable coverage without missing out on comprehensive benefits is to use a comparison tool from each of our quality insurance options or our special comparison site of over 20 travelers insurance companies offered at SquareMouth. You’ll be able to compare the top travel insurance provider’s policies side-by-side, ensuring you’re getting the coverage you need most.

Myth 3: My Medical Insurance Provides Enough Coverage

While you may feel like opting for extra medical insurance for your upcoming trip is unnecessary, we can tell you that isn’t the case (and is one of the biggest insurance myths!). Sure, you can spend that money on other activities on your trip, but you may be unaware of the small print on your existing major medical insurance that could leave you without coverage if an accident were to happen.  Even in the small chance that your current health insurance covers international travel, all services are considered out of network and subject to a much higher deductible, coinsurance and out of pocket pay.


Some areas your current health insurance does not cover include: medical evacuation, emergency transportation home, traditional medical costs, hospital confinement allowance, trip cancellation and trip interruption. The list can go on since different policies offer different benefits for medical coverage, but we think you’re starting to get the idea. 

Myth 4: My Credit Card Has Travel Insurance

Unfortunately, not every credit card has travel insurance, so make sure to look carefully at its conditions before going on your trip. Even if you do have coverage, you most likely won’t have nearly the same amount of coverage or flexibility to increase coverage or cancel as you would with a comprehensive policy. If you use your affinity program to book flights, then you will be protected for any travel inconvenience in the event that your flight gets delayed or cancelled. Other than that, other medical expenses may not be covered unless it’s clearly specified in the insurance provider’s policy. 


If your bank card travel perks are not up to par with your traveling needs, we can help make sure you have any other needed coverage. Learn more about our comprehensive insurance plans and compare them today.


Myth 5: I Can Buy Travel Insurance Later

Truth:  Travelers Insurance with trip cancellation should be purchased as soon as the trip is booked. Trip cancellation coverage lasts from the date after purchase of the policy until departure. The longer you wait, the less  time that you have coverage while paying the same price. When an emergency requires you to cancel, it's too late to then get coverage. If you have any pre-existing health conditions, you'll want coverage as soon as you've booked your tickets, so that you don't miss out on this very helpful coverage by delaying too long.


You can be certain that travel insurance is a vital part of preparing for your next trip that many unfortunately overlook –until they experience an emergency or accident on their vacation. Buying a policy can save you thousands of dollars and provide you with the inner peace you need to travel with confidence!

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