Introduction

Travel insurance is not a good idea for all your trips. Do you know why ? Understanding when it is necessary and when not  can help travellers make better decisions. 

Here is why travel insurance is not a good fit for all your travel plans: 

Short Domestic Trips

For short local business, especially those that do not involve huge bookings, it is insignificant to buy travel insurance. If one has planned to travel to a neighbouring area and the distance to be covered will not take too long to reach, then chances of having a major breakthrough are very less. 

Besides, most of the developed domestic health insurance policies are already available within the country eliminating the need for further medical insurance cover. 

Cost vs. Coverage

Cover charges may be mandatory at some places but the cost for travel insurance may also be high depending on the various risks which are to be outlined in advance for all inclusive travel insurance plans. But in the case where the cost of the trip in general is low, for instance a weekend trip, the cost of insuring the trip is likely to outweigh the returns. In such cases, the consumer gets to spend more on insurance than he would have spent on the trip.

Pre-existing Conditions

Most of the travel insurance policies come with their exclusion clause that neglects individuals with preexisting medical complications or asks them to pay much higher for their coverage. 

If a traveller has a condition that is very unlikely to be treated for, then they are most probably not going to benefit much from the insurance. 

Credit Card Coverage

Some credit cards offer a travel insurance option whenever the booking is made with the card. Such insurance can range from trip cancellation, lost baggage, to some extent even medical emergencies. In such situations, one may feel the need to buy additional insurance which may not be relevant at all. 

Destination Risks

Not all the destinations are very risky. For instance, going for a vacation to a country which is not at risk for frequent natural disasters, maintains a stable political system and strong healthcare facilities would not necessarily require insurance. 

Wrapping Up

Travel insurance does not entail a single universal option. On some occasions, it is not economical to purchase it, especially when it is a short trip, within the country or the probability of an incident happening is very less. Customers should evaluate the prevailing circumstances or the need and logistics of the trip in self accreditation to the coverage.