BUSINESS

Who Needs Travel Insurance and Who Doesn’t.

There are insurance companies like Travel Guard, Tin Leg, and Travelex that only write travel insurance.

You might also get travel insurance as part of a rental car agreement or a vacation package from a travel company.

Travel insurance might be a good idea for someone who travels a lot and wants to have peace of mind knowing that they are covered in the event that the worst happens while they are away.

However, purchasing travel insurance may be a waste of money if you rarely travel or already have coverage through another type of insurance policy.

Your renters insurance, homeowners insurance, medical insurance, or even the loss coverage provided by your credit card company may, in some instances, cover travel-related losses.

It pays to look into what travel inclusion you may as of now have set up prior to choosing to buy extra travel protection that you may not require.

Also Read  Types of coverage for home insurance.

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