Sound familiar? I get these responses a lot when I ask about the purchase of trip insurance to protect the financial investment of my clients’ trips. We all know that life has a tendency to get in the way of best laid plans, and if you can afford to lose potentially thousands on your trip, more power to you. I know I can’t, and most people I know don’t want to, either. More and more, people are saving up for awhile (sometimes years), spending these savings on a special vacation, and don’t want to have to spend any more than they have to. I get it. Really, I do. Budgets suck. There’s no other way to put that.
However, consider that you just laid out $2500 to go to Cabo San Lucas in March for a trip with your besties for a bachelorette getaway. You didn’t take the trip insurance when you booked because you figured that there was no way you weren’t going to celebrate with your best friend since nursery school before she gets married. It’s late January, and everyone is paid in full. Guess what? The bride goes skiing in Aspen with her fiance on a before-moon to escape all the stress from planning the wedding. She falls, breaks her leg, and needs surgery. The doctor won’t clear her for travel in early March. Do you still go without the woman of the hour? My guess is no one wants to go without her. Without the insurance, everyone is out their investment.
We are all careful drivers, but what if you are in an accident? No one ever plans for one of these. That’s why they’re called accidents. One of these can take its toll, especially if it’s serious, and may force you to cancel your trip. This would be a covered reason with the insurance.
Losing employment – Sometimes this is obviously going to happen, sometimes not. Losing your employment can certainly scare you out of going on vacation, and rightfully so.