More and more people are looking for travel insurance. Should you?

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After spending the summer of 2020 locked in their homes, many Americans hit the road or took off last summer to make up for lost time. And given that many countries have opened their doors to American travelers (or at least those who meet certain requirements), now might seem like a good time to visit a new place. The summer travel boom is over, and with kids returning to school, those not tied to a school schedule can enjoy fewer crowds.

If you are going on a trip soon, it is worth considering a travel insurance policy. And if you buy one, you’ll probably be in good company. In the past year, Google searches for travel insurance have climbed 233%, according to airline ticket comparison site Next Vacay. And whether you are traveling within the country or abroad, it pays to see what protection a travel insurance plan can offer you.

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Why do you need travel insurance

It is good to have travel insurance whenever you go on a trip. You never know when a flight might be delayed, a hotel reservation might fail, or an injury might occur. Having a travel insurance plan can protect you when all kinds of things go wrong.

During the pandemic, however, it’s even more important to have travel insurance. The travel landscape continues to evolve as COVID-19 outbreaks come and go. And having a policy in place will give you more flexibility to work around the restrictions. For example, many travel insurance policies allow you to cancel your itinerary for any reason and get most of your money back. This is a good option to have during a pandemic.

Imagine that you book a flight a month before your travel date. You feel safe traveling to this area, but during this month it becomes a hotbed of COVID-19 infections. You may want to cancel your plans, but the airline may not refund you. But if you have a travel insurance policy that allows you to cancel for any reason, you’re better protected.

Do you need travel insurance if you have a good credit card?

Many travel rewards credit cards offer some level of protection for travelers. But even if you have one of these cards, it may be worth buying external cover.

A separate travel insurance policy can give you a lot more flexibility to cancel your plans. Also, if you get injured or need medical attention abroad and your health insurance won’t cover it, a travel policy could take care of your bills, saving you thousands of dollars in debt. Your credit card may not offer the same level of coverage for medical issues.

Whatever your destination, if you are traveling soon, consider travel insurance. While this can be seen as another expense to factor into your travel budget, it could save you a lot of money on your next adventure.

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