BBB of Wisconsin: Travel Insurance High in Inquiries

June 2, 2013

Before you finalize your vacation plans, be sure you have given careful thought to whether you need to purchase travel insurance. There are circumstances that could cause you to cancel your trip, return home early or force you to seek emergency medical treatment while traveling. Travel insurance may provide the extra protection you need.

Before you purchase coverage, check your homeowner’s or medical insurance policies to avoid any overlapping. For instance, expensive items such as your camcorder, laptop, computer or jewelry may be covered by your homeowner’s insurance should they be stolen while you are traveling. If the airline loses your checked luggage, they are required to reimburse you for your bags (up to a certain dollar amount). Or, if you become sick or injured while traveling, your personal medical insurance firms differ in what they cover, so be sure to ask.

“Inquiries of insurance companies have been in the top ten inquiries to our office consistently since the beginning of the year,” says Ran Hoth, BBB of Wisconsin CEO/president. “In particular, inquiries concerning travel insurance have been in the top three. This tells us consumers are doing their research and checking before they purchase.”

Some of the different types of insurance available include:

Trip Cancellation/Interruption (TCI) – If your plans suddenly change and you have to cancel or end your trip early, TCI will cover you for this. But, it will only reimburse you for reasons on the insurer’s acceptable list, such as, injury, sickness, death of yourself, a family member, a traveling companion or business partner. Some policies will cover only medical reasons and some will not cover pre-existing medical conditions. It is very important to read the fine print.

Emergency Medical Evacuation – If you are going on an adventure vacation or to an area that is far from modern medical facilities, it may be a good idea to buy this coverage. If adequate treatment is not available at a local hospital, you would be transferred to the nearest adequate medical facility.

Baggage Loss – This coverage reimburses you for lost, stolen or damaged bags. Before packing, be sure to make a list of everything; if your bag is lost, you may be reimbursed for some contents, but not all.

The BBB, along with Consumer Reports, advise the following:

•Read the fine print. Know exactly what coverage you are getting or not getting.
•Consider buying your travel insurance from an independent firm, rather than from the tour operator or cruise line.
•Protect yourself further by paying with a charge card.
•Baggage-loss protection is only necessary if you are carrying more than $2,500 worth of items in your bags. Be sure to check your homeowner’s policy.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.

Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Homestead teacher is stepping down under deal Updated:  03:21 PM

» River Lane Inn in Brown Deer sold to Pastiche owner Updated:  11/25

» Whitefish Bay Holiday Stroll coming on Friday 11/25

» Bomb squad examines grenade found in Brown Deer house 11/25

» Inspired by Popp, Homestead seizes fifth state football title 11/25

» Sport Shorts: Nov. 26, 2015 11/25

» Shorewood robbery suspects face charges 11/25

» River Lane Inn will become Pastiche 11/25

» Woodland champion Shorewood girls basketball team looks for third title 11/25

» Homestead girls basketball team has high expectations 11/25

» Highlanders rejoice over state football title 11/25

» Shorewood School District raises $1 million for STEAM programs 11/24

» Crews battle house fire in Brown Deer; 2 cats killed Updated:  11/23

» Cats, guinea pig die in fire 11/23

» Mequon woman reported missing 11/23

» Homestead wins fifth state football title, 28-12, over Waukesha West 11/20

» Build-your-own pizza place coming to Shorewood next year 11/20

» Shorewood families want to host Syrian refugees 11/20

» Updated state championship game rankings of area prep football teams and players 11/19

» Homestead football team faces uphill title fight against West 11/18

» Wolf and Zortman fill in each other's gaps well 11/18

» Apartments, assisted living pitched in Mequon development 11/18

» Mequon-Thiensville's Demond Means says MPS role won't interfere with his day job 11/18

» Hayes helps Brown Deer/USM swimming team set two program records 11/18

» Oak Leaf Trail extension links Milwaukee to Ozaukee County Updated:  11/18

View All Posts Got a tip? Welcome rss



Local Business Directory