Jul 10, 2010 Stephen Cook No Comments » Tags: Consumers

Travel Insurance Can Save Traveling Consumers

The Icelandic volcano, which erupted in April 2010, certainly made a mess of many consumers’ travel plans. Spewing volcanic ash so far away from the sight that Europe and America canceled all flights scheduled and delayed even more for weeks before reopening flights. Smaller eruptions continued that shut down flights for a second time and scientists are predicting that another active volcano is getting ready to erupt as well.

What Happens to the Travelers’ Tickets?

Unfortunately if a traveler is caught in this mess with no travel insurance, in most cases, no refunds were given. This means those travelers were forced to purchase new tickets or become stranded where they were. Additionally, if reservations were not kept because of the disaster, the travelers lost their deposit for the room as well. The problem is, unless the fault is that of the company that issued the ticket or reservation, there is nothing that can be done to refund the money. The same is true for deposits made on hotels and of course, lost baggage and other unexpected situations.

This is Why Travel Insurance is a Good Investment

Consumers who purchase travel insurance typically see coverage up to 150 percent of the cost of the ticket, lost baggage, hotel reservations, and delayed trips along with other things. As long as the “cancel for any reason” option is chosen, other services covered include accommodations for a canceled or delayed flight due to weather.

While a full coverage travel insurance plan may cost a bit more in the premiums, it is worth the price paid instead of needing to purchase new items, tickets or spend more money for reservation deposits, accommodations or medical expenses. Many health insurance plans will not pay if they are too far away from home and most will not out of the native country, but travel insurance does.

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