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5 Myths about Holiday Insurance

Friday, 03 Dec 2010 11:55 AM

Holidaying is good; however, most travelers get confused when they think of holiday or travel insurance. There are several myths that still surround this topic. This is why insurance companies and agents are constantly clarifying them in order to help travelers make informed decisions.
Here are some holiday insurance myths busted:
1. Holiday insurance covers everything
There is a variety of holiday insurance policies that cover expenses incurred on medical emergencies, travel, flight delays, and a host of other travel-related issues that may occur unexpectedly. However, a policy doesn’t cover all these expenses unless the policy holder has opted for the specific coverage at the time of purchasing travel insurance.
2. Health insurance coverage is sufficient even during travel
Health insurance provides for medical care within the country; some insurance companies even restrict coverage to within the state boundaries. If one is traveling out of state or to a foreign country, one needs to make sure health insurance provides adequate coverage. Most health insurances do not provide coverage in foreign countries unless they have a tie up with the local healthcare organizations. Travel insurance, on the other hand, ensures medical care both in times of emergency as well as regular medical care.
3. Travel emergencies are covered in the flight insurance provided by airlines
This is one of the top myths about holiday insurance. Flight insurance covers for flight delays or flight cancellations when the airline is at fault. However, flight insurance does not cover expenses incurred if the passenger misses a flight or has to cancel a flight for some reason, or has to extend his/her stay. These last-minute changes can burn a deep hole in one’s pocket. Obtaining holiday insurance at a fraction of the travel cost can protect one in case of such emergencies.
4. Health insurance is always included in holiday insurance
Medical insurance is not a part of all holiday insurance policies. Although emergency medical care is a part of most travel insurance policies, regular medical care is not. So, if one has an existing medical condition or comorbidities that require regular medical supervision and care, one needs to opt for this in the travel insurance policy.
5. Holiday insurance is very expensive 
This is the most popular of all myths about holiday insurance. The insurance costs a fraction of the total travel cost. However, the coverage and the peace of mind that travel insurance offers are worth all the money. In case of an unexpected emergency or delay, insurance takes care of the financial aspects of the stress, allowing you to effectively deal with contingencies. Considering the savings in case of unexpected events, the holiday insurance is very inexpensive.

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