Insurance is so important for the things that people have invested in. That’s why it is a legal requirement for homeowners and car drivers. Even health insurance is mandated by law (until 2019). And even though it’s not required by law, life insurance is a smart investment as well.

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Gaylord Focker could have greatly benefited from travelers insurance.

However, travel insurance is something that most people don’t even concern themselves with. Having surveyed individuals between the ages of 25-36, the majority have never heard of, nor even thought of travel insurance, but were certainly interested in learning more about it.

Insuremytrip.com is a great tool to compare travel insurance prices based on individuals, couples, and family’s needs. 

One can just look at the hit movie franchise “Meet the Parents” and the misfortunes of Ben Stiller’s character, Gaylord Focker. From losing his luggage, to inadvertently breaking the windshield of his rental car, the lesson is quite simple: invest in travel insurance!

Travel insurance can cover inconveniences, such as lost luggage, cancelling a flight for personal/work reasons, trip delay (paying for an earlier flight), to major unexpected events, such as accidental death/dismemberment, identity theft services, emergency evacuation, and even travel medical assistance. Most travel insurance companies offer a variety of plans to fit every kind of traveler’s needs. There are single trip plans for the “occasional traveler”, while the “avid traveler” might want to consider investing in an annual trip plan. There are also other plans for “resortists”, for cruises, and domestic travel insurance. For the “adventure travelers”, there is international travel insurance. And of course, rental car insurance should always be a YES. Some travel insurance companies, like Allianz, have plans that are self explanatory and labeled as such. Some companies, like Travel Guard have tiered plans (e.g. Platinum, Gold, and Silver). All travel insurance companies need information from the traveler(s) in order to get an accurate quote.

The same trip for a family of four, with parents in their mid-thirties and children ages 2-10 would be approximately $60-$100 more per plan. 

Below are five popular travel insurance companies compared for the exact same trip. These prices are based on a seven day excursion from California to Australia for a single person in their thirties. The prices for a basic insurance package starts at $67 and goes up to $134.

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The same trip for a family of four, with parents in their mid-thirties and children ages 2-10 would be approximately $60-$100 more per plan. 

These basic plans are very similar across the board. Their coverage includes:

-Trip Cancellation

-Trip Interruption

-Trip Delay

-Missed Connection

-Personal Effects & Baggage

-Baggage Delay

-Emergency Medical Expense

-Emergency Evacuation

Restrictions that are usually attached to travel insurance include age and pre-existing medical conditions. These are all dependent on individual companies, as there are certain exceptions. The older a person is, especially seniors, the more expensive the insurance plan can get.

Insuremytrip.com is a great tool to compare travel insurance prices based on individuals, couples, and family’s needs. Don’t ever get caught with your metaphoric pants down like Gaylord Focker, and save yourselves all the hassles of traveling by always choosing to invest in travel insurance. Safe travels and bon voyage!


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