Summer Break: Protect Yourself Before You Travel

It’s that time of year when the kids are off school, and families travel to their favorite destinations. It’s Summer Break!

So while you’re planning the trip of a lifetime for the whole family, make sure you have all your bases covered. That includes protection in case the unthinkable, such as an accident or severe illness, were to happen.

Keep yourself prepared by purchasing insurance. There are many different ways to ensure your family’s protection whether you’re traveling in the US or abroad. Here are a few common types of insurance to consider before you step out the door.

Travel Insurance

Travellers insurance covers a wide range of “what ifs,” from lost luggage to injury-related incidences. Here is a basic summary of what travel insurance can include:

Trip Cancellation: Certain packages will include trip cancellation coverage. If for some reason you need to cancel your trip or cut your vacation short because something unforeseen comes up, this insurance will cover the cost of otherwise non-refundable expenses, such as hotel bookings. But make sure to read the authorized reasons for cancelling a trip.

Luggage Coverage: Sometimes your luggage doesn’t make it to your destination on time, or it just doesn’t make it at all. Some travel insurance packages have luggage coverage if your belongings are lost, damaged or stolen on your trip.

Medical Coverage: If you become ill or are seriously injured while travelling, the expenses could be thousands of dollars. For this reason, it’s crucial to have health coverage, whether that means purchasing insurance for your trip, or confirming with your current health plan if you need approval for any certain type of care. If you choose to purchase insurance for your trip, there are two common types: travel medical insurance for short trips, and major medical for stays of six months or longer.

There are many other reasons to purchase travel insurance before you leave. For example, some policies provide coverage if severe weather damages your destination. You can even get coverage for a lost passport, which would help speed up the process of replacing it.

Life Insurance

If you don’t already have a life insurance policy, you should strongly consider getting one before you leave. Just as travel insurance prepares you for the unexpected while on vacation, life insurance prepares you for the unexpected in life.

You plan for a safe trip, but in reality, some circumstances are beyond your control. Life insurance can provide financial protection for you and your entire family. If you were to pass away unexpectedly, life insurance could cover the cost of funeral expenses or for the loss of income to help provide a financial cushion for your family during a difficult time.

There are many policies available to you, including term life insurance, which is very popular. Term insurance is coverage for a set period, after which you have the option to renew the policy.

Before you leave for your trip, talk to your insurance professional to help find a trustworthy insurer with options that best suit your needs.

Other Protection Tips

There are other things you can do to help protect you and your family while on vacation. A good idea is to make a copy of your passport and ID, and leave the copies behind with someone you trust or in a place that a friend or family member can access. This way, if your identification is stolen or lost, you have documentation.

Another tip is to only bring what you need, and this includes your wallet. It’s possible your wallet could get lost or stolen, so make sure you’re just carrying the cards you absolutely need.

So while you are planning your itinerary, make sure to add some of these tips to the checklist. Seriously consider travel and life insurance before you take off. Make sure you are going to a trusted company and are getting what you need.

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