5 Reasons to Purchase Travel Insurance

When traveling from Nigeria to a variety of foreign destinations, the concept of travel insurance takes on added importance. While some Nigerians will not purchase travel insurance to save money on their travel costs, there are a number of reasons why smart travelers make the decision to arm themselves against any kinds of catastrophes that could take place during a trip. Read on to learn more about the five most important reasons to obtain travel insurance.

1. Unexpected Cancellation

Life tends to come at us very quickly and can cause an abrupt change in plans when we least expect it. One of the worst sunk costs that a person can experience is the cost of a trip that they were unable to take. With travel insurance, a person does not have to pay a trip that they never actually took and they are also able to avoid the pain of spending additional money to change flights, should an emergency arise.

2. Lost or Misplaced Luggage

Let’s say that your luggage is lost or misplaced while you are traveling, leaving you without important documentation or even clean clothes to wear. There’s no reason why you should have to shoulder those added expenses due to someone else’s mistake. Thanks to travel insurance, you can receive the coverage you need and be able to replace any crucial items right away.

3. Illnesses and Lost Medications

If a traveler falls ill while traveling, their options are typically limited, especially when they did not purchase travel insurance. If you need to purchase a brand new prescription, travel insurance agents can direct you to the nearest pharmacy in your region. In certain countries, a patient who is not from the area may need to provide a hospital with a hefty payment before they can receive treatment. This is where travel insurance comes in handy.

4. Health Insurance Is Insufficient

Did you know that your health insurance is typically insufficient when it comes to the coverage that you are able to receive outside of Nigeria? The vast majority of modern day medical insurance policies does not provide any sort of coverage for international travelers, so be sure to find out more from your provider, so that you are able to arm yourself with the proper coverage before scheduling a vacation.

5. Airline Related Issues

Airlines have the ability to hide behind any kind of loopholes when it comes to refusing the refund of the cost of your ticket. Airlines can go on strike or experience a natural disaster, without having to reimburse their paying customers. When you need your costs to be covered by a reliable insurance provider, one who can ensure that you get home safe and sound, take a moment to find and purchase travel insurance policy/coverage that works best for your needs.