Each time you plan a Trip overseas you are making a significant investment both in time and money. Protecting your investment with travel insurance should be a no-brainer, but in case you still need convincing that’s worthwhile considering some outstanding points. There are so many Things which can occur during a vacation, especially in the current uncertain economic times and in certain countries in which the political climate appears to change weekly. It’s possible to miss a flight connection, fall sick due to food poisoning, become hospitalized after unfortunate injury or perhaps just lose your passport and valuable travel documents. All these things may be beyond your control but one thing is sure, these events can cause you great distress in addition to financial loss.
It is no wonder that Many government sites advises their citizens that they need USA travel requirements to take out travel insurance as a matter of course, particularly when travelling abroad. The USA government site reports 1200 hospitalizations, 50 evacuations for medical purposes and 900 deaths in any one year. Aside from the personal distress that every one of those events may cause to people and their families, the issues are compounded when you consider the gigantic financial costs involved. Recent newspaper reports reveal that one night in intensive care in American hospital costs an average of 20,000. Even in cities including America, a similar stay in hospital will cost over 3000. It’s easy to see how travel insurance can pay for itself. In actuality, where evacuations are involved, the government reports that prices can stretch up.
Consider the case of a young USA who had been working in a ski resort in the United States. He permitted his travel insurance coverage to perish just a couple of days before he left home. Shortly after his arrival in the US he had been struck by a car and finally had to be evacuated back home in an unconscious state. The whole price was 80,000 and his family had to refinance their home loan to raise the cash. What if you must cut your trip short due to an unexpected illness of a close relative without travel insurance you will have wasted your money, and as most of us know, even a brief holiday can cost a few thousand dollars A global travel insurance policy can steer you against these unexpected events and allow you the opportunity of continuing a vacation at a later date.