Should you buy travel insurance? - AmericaNowNews.com

Should you buy travel insurance?

If you're planning on a vacation so you can get out of town for a little bit, you may have thought about travel insurance.

So here's a question -- how do you know if you need it?

Money Expert Nathan Bachrach says you should only insure what you can't afford to lose. If you're spending a few hundred bucks on a plane ticket, travel insurance probably isn't worth it. But if you're planning a pricey cruise or a once-in-a-lifetime trip, it might be!

There are many kinds of policies out there. Some cover your losses if your trip is canceled; others cover the costs of any medical expenses abroad or lost luggage. Many travel insurers offer "bundled" plans, too.

Before you sign up, find out what your existing policies cover.  Many health insurers will not cover you overseas, or on a cruise ship flying under a foreign flag.

If you have a travel rewards card, you might have some baggage insurance, but travel insurance is likely not included.

"Now there are all sorts of exclusions that are written into these policies, so read the fine print very carefully," adds Nathan. "And check out a site like "insure my trip dot com" to price all these different policies and compare them!"

Copyright 2012 America Now. All rights reserved.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Fugitive Friday: Central Virginia's Most Wanted

    Fugitive Friday: Central Virginia's Most Wanted

    Friday, August 29 2014 10:04 AM EDT2014-08-29 14:04:54 GMT
    Fugitive Fridays tracks down Central Virginia's most wanted. Take a look at the photos and see if you can help police track down these suspects.
    Fugitive Friday helps track down Central Virginia's Most Wanted.
  • Six deadly foods for dogs

    Six deadly foods for dogs

    Every pet owner knows a dog can get into just about anything around the house. One woman found that out the hard way when her dog ate a bunch of grapes! Turns out, that's one of the most dangerous foods
    Every pet owner knows a dog can get into just about anything around the house. But these common snacks could be fatal for Fido.
  • Consumer

    How much of your donations really go to charity?

    How much of your donations really go to charity?

    In the aftermath of a disaster, donations are top of mind for many people and can do a world of good! But how do you know where your money is really going? America Now investigates!
    In the aftermath of a disaster, donations are top of mind for many people and can do a world of good! But America Now learned that some non-profit organizations receive only pennies on the dollar raised through solicitation campaigns. So how do you know where your money is really going?
Powered by WorldNow