Is travel insurance actually necessary?
If you’ve booked a flight on a discount airline lately you’ll find that travel insurance is probably one of the most heavily sold insurances around. In fact, working out how to get out of paying it is second only in difficulty on the sites to working out how to pass on express bording when you’ve no checked bags.
The reason for this is quite simple: the travel insurance sold by many of the discount airlines isn’t worth the paper that it’s printed on because it has so many get-out clauses and limitations in the contract. For instance, you can find that it’ll only pay out the amount of the plane ticket ie excluding all those taxes and other charges that they add on. Can’t you reclaim those? In theory, yes, in practice, no as they add on an “administration charge” which means that it’s not worthwhile.
All that isn’t to say that travel insurance isn’t worthwhile. It’s just that you should buy it from actual insurance agents rather than the travel company you’re going with. There you’ll find policies that cover what you expect to be covered and usually at much less cost than what you get from a travel agent.
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