Wasup folks… I recently purchased two first-class tickets for a domestic trip to Las Vegas through Delta Airlines, totaling $2100. I opted out of the trip insurance they offered at the time of purchase. The trip is still over three months away, and I’m now second-guessing my decision.
Given that unforeseen circumstances like illness or injury could potentially prevent me from traveling, I’m wondering if it’s worth investing in trip cancellation insurance now. Specifically, if something were to happen and we had to cancel the trip, would insurance cover the full $2100 for the airfare? I also paid for the tickets with my credit card, which offers some travel protections, but I’m unsure how that compares.
What’s the best approach to getting reliable trip cancellation insurance? Are there reputable companies or policies you’d recommend? Or is trip cancellation insurance generally a waste of money, and should I just be prepared to absorb the financial loss if needed?
Hello Paul, Trip cancellation insurance offers key benefits like financial protection for unexpected events (illness, injury, family emergencies), trip interruption coverage, and medical expense coverage. Consider the cost, coverage, and exclusions when purchasing. Reputable providers include Travel Guard, World Nomads, and Allianz Travel Insurance.
Trip cancellation insurance can be worth it if your travel plans are costly or prone to change. Purchase from reputable insurers like Allianz, Travel Guard, or through credit card benefits for comprehensive coverage.
Given the significant investment in your Las Vegas trip, opting for trip cancellation insurance is a wise choice. While your credit card may offer some coverage, it often comes with limitations and may not cover all possible cancellation scenarios.
Key Considerations:
Credit Card Coverage: Check your credit card agreement to understand the details and limitations of its travel insurance.
Comprehensive Coverage: Consider purchasing a standalone travel insurance policy for broader protection, including coverage for illness, injury, and other unexpected events.
Cost-Benefit Analysis: Compare the cost of insurance with the potential financial loss if you have to cancel your trip.
Policy Exclusions: Review the policy carefully to understand what is covered and what is not.
Reputable Travel Insurance Providers:
Travel Guard: Offers a range of plans with varying coverage levels.