This post is sponsored by Allianz Global Assistance (AGA Service Company) and I have received financial compensation
Are you trying to figure out if you should buy travel insurance? Not everyone needs to spend the money on it, but there are 3 good reasons to buy travel insurance. Keep reading to see if you fall into these categories. If so, you probably need to buy travel insurance! It may just save you a lot of money!
**I’m posting this to promote a Twitter party with Allianz Travel Insurance and Traveling Mom Monday June 12th at 9 EST. We will be using #TMOMAllianz. Learn more about the party here and enter to win several gift cards up to $100 at the end of this post! **
I had a professor once who liked to joke that insurance is the biggest gamble in life. He joked that every time he made a life insurance payment he was gambling that he’d die, and the insurance company was gambling that he wouldn’t. While it’s funny to think of insurance that way, it’s all fun and games until something bad happens. When done correctly, travel insurance can save you a lot of money.
3 good reasons to buy travel insurance:
Reason #1: You travel as a family often
How often have you bought or at least been tempted to buy flight insurance for cancellation when booking a flight? I know I’ve done it several times. At $25-50 a person, these add-ons add up fast. If you do this every time you travel with a large family, you can easily spend up to $1000 a year!
With an annual deluxe plan with Allianz you are automatically covered for cancellations. Plans vary depending on the size of your family and where you live, but my quote for a family of 4 came to $996. I love that Allianz offers annual plans where you pay once and you are covered for the whole year.
It’s a steep price tag, I know. However it covers a lot more than just trip cancellation and will pay for itself if you routinely buy cancellation insurance for individual flights anyway.
Reason #2: You travel with expensive items
Did you know that the cap on lost luggage items claimed through airlines is $3,300? If you are traveling with a lot of business equipment or other expensive items, you should think about getting travel insurance. On the flip side, if you leave your computer and other electronics at home, you wouldn’t need the coverage.
Me personally- I always travel with my MacBook Pro and camera equipment. Having had a MacBook stolen before, I would most definitely get travel insurance if traveling abroad for a long period of time.
Reason #3: You travel to expensive places
Imagine your dream vacation to Fiji. Now imagine that your dream vacation gets disrupted on the first day due to a tropical cyclone. It’s not cheap to fly in and out of Fiji, but imagine you are evacuated and have to leave. Would you have enough money to cover that expense? Travel insurance can cover that!
Or imagine a trip to Cabo that you have to cancel for a big work event. Would you be able to eat the costs? Travel insurance can help you with that!
The bottom line
Do your homework before buying travel insurance. Make sure to find the plan that works best for you and gives you the best bang for your buck. Check out all the annual plans that Allianz offers here.
Enter to win the giveaway here!
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