10 Excuses for Not Buying Travel Insurance

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Travel insurance is made for a reason. When I talk to someone going on a trip, the first thing I ask them is if they bought travel insurance? Nine times out of 10 the answer is NO. Then they proceed to give me an excuse on why they don’t need it. For some reason they feel like they need to give me an excuse.

Here are 10 of the best excuses I've heard for not buying travel insurance.

1. I'm flying in a day early.

Flights get cancelled; delays can last for days. Arriving a day early is always a good idea, especially during the winter. However, last winter there were thousands of airline cancelations because of the nasty weather that covered a good part of the country.

2. I'm healthy.

Covers not just you but...your traveling companion, children, spouse, parents. (If have to fly home for covered reason)

3. My job is stable.

Having insurance would cover you in the event of losing your job and all expenses around your vacation would be covered.

4. It's too expensive.

The reasoning that someone will spend $1,000-$5,000 on a vacation or cruise and not invest $40 - $200 on a travel insurance policy to cover the vacation and travel expenses related is beyond me.

5. My bags will make it.

Bags get lost more often then you realize. 26 million bags go missing every year. That's 3,000 bags per hour, every day, all year long.

6. The ship can outrun a hurricane or I will watch the weather channel.

Once a storm is named, no coverage can be added. 

7. It's a waste of money.

Out of 800 U.S. travelers surveyed, 19% had claims in the last 24 months. For an investment as low as 4% of your trip, it pays to be covered.

8. I never get sick.

"Sick" happens...63% of travelers or traveling companions got sick before and during vacation.

9. Okay, maybe I'll get sick but I already have health insurance.

Can't use most medical insurance policies or Medicare internationally. 

10. My credit card will cover it.

Trip cancellation/interruption very limited. Only reimburses for death, injury, illness of insured or family member. Plus it doesn't cover medivac.

So before you decline the travel insurance/protection policy for your vacation, think about these common reasons and mis-conceptions. It's bad enough you have to cancel or interrupt your trip, you might as well come away from it with money in your pocket!

Happy Travels!