When To Get Travel Insurance

Veuer's Elizabeth Keatinge tells us the question you need to ask yourself when considering travel insurance.

Transcript

00:00So, you put all the puzzle pieces together of schedule, hotel, and flight.

00:05You're ready to buy, and then the question arises, do you need travel insurance?

00:10Unpredictable events always have the chance of arising.

00:13The U.S. Travel Insurance Association reports there was a 67% increase in the purchase of

00:20travel insurance from 2020 to 2022.

00:23So is it for you?

00:24Well, you may have it already.

00:27Many credit cards include travel insurance.

00:30Check with your card and see what's available to you.

00:33As CNBC explains, you probably won't want travel insurance for domestic trips where

00:37your health care coverage and other insurance policies are valid.

00:40For international travel, you may want to look into a policy to protect you from mishaps

00:45abroad.

00:46As CNBC suggests, quote, consider your vacation an investment.

00:51Would you be okay losing that money?

00:54If you're not spending a ton of money on your trip and you can risk losing it, travel

00:58insurance probably isn't worth it.