Page 31 - AreaNewsletters "Jun 2022" issue

B US I N E S S & F I N A N C E
Travel Insurance: WHATYOU NEEDTO KNOW
To Buy or Not to Buy? That is the Question!
We are living in some challenging times, to say the least. Maybe you routinely skip over that box asking you if you wanted to protect your trip with travel insurance, however, it may be time to give it a second look.With the uncertainty that is facing much of the world with COVID – 19, travel insurance is quickly becoming a hot commodity. Read on to nd out what to look for, and what to avoid in good coverage.
Photo courtesy of Anete Lūsiņa via UnSplash There is always plenty to read in the ne print of any insurance policy, travel insurance is no different. Now we all know that insurance
Read That Fine Print
companies do not remain pro table by paying out claims, but you want to stay away from companies with highly restrictive underwriting.
How do you do that?
It’s pretty simple really. Look for companies with more lenient reimbursement policies. Here are some things you will want to see:
• Cancel for Any Reason • Personal or Family Illness • Trip Cancellation or Disruption • Emergency Medical Care / Transportation
These are just a few of the many circumstances that may be listed under your coverage, but do make sure you read the policy to make sure it will suit your travel needs. For example, you deciding to cancel your trip a week out because you feel like the weather may be bad is not trip cancellation. If a tour operator or an airline has canceled – that is trip cancellation. See the difference? BUT, if you have a Cancel for Any Reason policy, you are good to go. Cancel for any reason policies are going to be about 40% more expensive, but well worth the cost and peace of mind in today’s current climate.They do exactly what they say – reimburse you regardless of the reason.These policies can reimburse you up to 75% of travel costs. Cheaper policies won’t cover travel plans if you cancel by choice (even if the choice was a good one) again, these are things you will need to consider before you buy. You will get what you pay for. Ready to purchase? Click here!
Click here!!
Your locally owned transportation expert
Leave your next trip to the airport, anniversary celebration, corporate outing, or group event to the transportation experts.
Contact us at 303.577.7600
or reserve@hermesworldwide.com to learn how we can help you!
31 Castle Rock “AreaNewsletters” • June 2022
Celebrate special occasions and leave the driving to us!