Advantages and disadvantages of travel insurance

Everyone loves to go on vacation and there is definitely more to it when you travel abroad. What should be on the top of someone who travels? The answer is travel insurance, but some people don’t see the importance of it, so let’s look at this from both sides.

OK here we go! On the one hand there is Pro; in favor:

The leading point in favor of using travel insurance is the fact that medical care abroad is extremely expensive.

The 2nd point of support is anytime some or all of your luggage may be lost in transit at the start of your trip, which without insurance could spell disaster.

A third beneficial point is that if valuables are stolen, lost or misplaced, even if the sentimental part of the item is gone, you can at least replace what you have lost if you have insurance.

A 4th fulcrum in favor these days will be age this isn’t a barrier to not getting insurance to cover you, this means folks of any age can get travel insurance coverage for any non-pre-existing medical condition.

Finally, the fifth reason for support is that if you are unable to travel for any reason, be it work or family commitments, you can make a claim against the insurance rather than lose the money for your trip.

And on the back, for balance, the Con side, against:

The first counterpoint to travel insurance is that it won’t happen to me and that by not buying insurance I will put more money in my pocket.

And the second negative is why I need insurance. I am young and healthy and never sick.

The third point in contrast is that I travel all the time and never had a problem.

A fourth negative is that I’m very careful with my valuables when I travel, so I’d waste money buying something I won’t be using.

And the 5th and last, though not necessarily the least, consideration is that I’m willing to take the chance and not buy insurance.

So there we have all the arguments for each side.

Finally, what is the “bottom line” here? Is travel insurance really a must when you travel?

The answer seems to be “Yes” to this question! You, the reader, will have to choose which side, the good or the bad, outweighs the other.