Saving a Buck: Travel Insurance

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Data pix.

Planning a vacation? Whether you book online or use a travel agent, expect a pitch for travel insurance.

Given all the perils that could derail your trip, including medical emergencies, natural disasters, even political upheavals, travel insurance can be worth considering.

But do you need travel insurance?

Consumer Reports says, maybe, but buy wisely.

  • Don't buy insurance that covers small losses, like lost luggage.
  • If you're worried about dying in a plane crash, skip flight insurance. Instead, think about term life insurance; it covers you no matter what the cause of death.
  • Emergencies my already be covered in your health insurance. 
  • Wrecks may already be covered by your credit card or car insurance.
  • Traveling overseas? Consider medical travel insurance.
  • Use online broker (like http://www.insuremytrip.com/) who won't be swayed by making a commission.
Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.