Imagine it. For months you’ve been looking forward to your getaway! A true “trip of a lifetime”. But two days before you’re scheduled to leave, your spouse is in a car accident. They’ll be OK but have multiple broken bones and there’s no chance of travel. Now you’re not only worried about your spouse, but out the thousands of dollars you paid in advance for your vacation. All because you didn’t consider travel insurance.
It’s a more common scenario than you might think! My mom experienced this when I was a teen. Newly divorced, she’d saved for months to take us on a lovely, warm-weather cruise. Two days before departure my grandmother broke her hip. The stress of coordinating my grandmother’s care was compounded by the financial devastation of the trip money lost! And it was the first time we became aware of the value of protecting our travel investments.
NOTE: This post was updated to reflect our new COVID-19 World on 4/23/2020. See details below.
Today we’re talking about three times when you should consider purchasing supplemental travel insurance.
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