Tip of the week…
When to buy travel insurance
Travel medical insurance: When you travel abroad, you can’t count on being covered by your existing health insurance. Consult with your provider in advance and secure extra coverage as needed.
Trip cancellation insurance: Cancellation coverage is most worthwhile when you’ve booked a cruise or tour package—not when you’re traveling independently. It’ll pay out a reimbursement if, say, you miss a flight or if the tour company folds. Read the fine print, though, because inclusions vary.
Baggage insurance: You typically can buy up to $1,000 of coverage on lost, stolen, or damaged baggage. But check first to see whether your homeowner’s or renter’s insurance would already cover such losses.
Medical evacuation insurance: Consider this if you’re taking real risks. It’ll cover a medevac, of course, but also an evacuation in cases of terror threats or extreme weather.