Don't Leave The Country Without Travel Insurance, #156

Retire With Ryan

After a long hiatus from traveling, it’s great to hear that many of my clients are getting back out into the world. But too many are doing so without travel insurance! On this episode, I’m taking a deep dive into travel insurance, what it is, how to get it, and why you shouldn’t leave the country without it.

You will want to hear this episode if you are interested in...

• What is travel insurance? [2:23]
• Why you need to insure your trip [4:58]
• Exploring different travel insurance options [6:57]

Purchasing peace of mind

For some, travel insurance may feel like an unnecessary add-on for an already expensive trip. But that is precisely why you need it! One of the main reasons to purchase travel insurance is that it covers you if you get sick overseas. Most health insurance companies do not provide coverage if you need care outside of the U.S. And if you’re already retired and on Medicare, you will not have coverage in another country. Health care may be less expensive outside of the United States, but it isn’t cheap. If the worst happens, you could be out tens of thousands of dollars.

Another benefit to having travel insurance is that it covers travel delays. If your flight gets canceled or pushed, travel insurance covers things like food and the cost of a hotel. It can also provide the funds to buy new clothes and toiletries if your luggage gets lost. Some of these costs may require you to pay upfront, but if you save your receipts, they are easily reimbursed through the travel insurance company. Listen to this episode for more on travel insurance!

Resources Mentioned

• Seven Corners
• Allianz
• Squaremouth
• InsureMyTrip

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