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Choosing the Best MP3 player for travel.
MP3 players are now capable of many things including making your life easier while traveling. With more of us traveling these days whether it be across State, interstate or around the world, often one home comfort we miss is our music. The choice...

Desiya.com Redefining Hospitality Industry And Business Travel In India
India has evolved as an economic powerhouse and is now the fourth largest economy in the world. With globalization, there has been a mad rush among the corporate world to grab the Indian market and reap the benefits of cheap labor that India has to...

Discover The Biggest Travel Secret In The World Today - And Book A Free Flight!
It sounds like a dream doesn't it? Hopping onto a plane and taking a flight to the destination of your choice. Imagine collecting your flight tickets to New York, London, Goa - or wherever takes your fancy - and not having to pay a cent for them. ...

Dublin travel guide
Dublin is Ireland’s capital, which finds a place for itself amongst the rich countries of Europe. It is located on the east coast of the country and encompasses the River Liffey merging into the Dublin Bay. Apart from being the largest city in the...

How to Travel for Free by Leading or Promoting Tours
Whether you're 16 or 60, you CAN travel just about anywhere in the world for free -- and even with a nice stash of cash in your pocket -- by telling like-minded people about a trip and convincing them to go with you. Get 5 to 20 to book the...

 
Is Purchasing Travel Insurance Smart?

To answer the question "is purchasing travel insurance smart?" let's look at what insurance is.

When you purchase insurance - health insurance, homeowner's insurance, car insurance, life insurance, or travel insurance - you're not making an investment. It's not the same as going to the bank and depositing money and expecting to reap financial rewards at some point. No, any insurance including travel insurance is about sharing risk in case of unforeseen catastrophic events.

For thousands of years, risks have been shared during times of tragedy. The first formal insurance company, Lloyd's, was formed in 1769, and their insurance concept remains today - to gather the premiums of clients as a pool of resources to return to clients who experience covered events.

Is purchasing travel insurance smart for you, then? Do you need a pool of resources from others' premiums to help you out in the event of a travel emergency? Or can you take care of any unforeseen circumstance on your own? It's not just about money, either.

To decide if purchasing travel insurance is smart for you, let's take a look at just a few of the things that could happen while you're traveling.

It's your first time in Europe and neither you nor your spouse speak any foreign language and your wallet is stolen. Your credit cards, your airline tickets, your passport and your money are all gone. What do you do now? Money may not be


the primary problem here as you can always call your bank and have a wire transfer completed. Or can you? Do you know the international rules and capabilities for this? Where are the banks and do the tellers speak English? What about replacing your airline tickets? What about money to get to the airport and check out of your hotel? Your passports are the primary issue probably. They took a very long time to get. Now you can't get out of the country without them. Where do you go to replace them? If you had known this was going to happen, how would you have answered the question, "is purchasing travel insurance smart?"

Your child is involved in an accident and must have medical assistance but you find out your insurance does not cover you outside of the United States, and medical care is not adequate where you are anyway. How do you get your child back to the United States for medical care? If you had known this was going to happen, how would you have answered the question, "is purchasing travel insurance smart?"

So, to answer the question, "is purchasing travel insurance smart?" consider what could happen while you're abroad and determine if you might be grateful for outside assistance.
About the Author

Steve Cogger, an active traveler, has developed http://www.1-Happy-Traveller.com for your convenience. Visit today for all of your travel insurance needs.