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Travel Insurance: the Vacation Raincheck


CONTACT: Justin Glover
(850) 413-2842

TALLAHASSEE-As Floridians are preparing for summer vacations, with many planning to travel during the Memorial Day weekend, Florida's Chief Financial Officer Tom Gallagher is reminding consumers to consider options for ensuring your trip won't be rained out.

"Travel insurance can act as a parachute, bringing you and your pocketbook in for a safe landing if things go wrong on your trip," Gallagher said. "However, Floridians should choose carefully. Many plans may contain exclusions which can still leave you stranded."

Floridians can purchase insurance policies to protect their travel plans from unforeseeable circumstances, including trip cancellation, early return and emergency medical needs. Some plans may pay in the event of baggage loss or delay, or evacuation due to a natural disaster.

"A good travel policy should reimburse you for deposits for a cruise, or other trip, if it turns out you won't be able to go or if you have to leave early," Gallagher said. Gallagher also advised consumers to read the fine print before making a purchase as the policies often contain exclusions for coverage. Consumers should also obtain a schedule of benefits and a certificate of coverage, which outline coverage and limitations of the policy.

According to Gallagher, travel insurance makes the most sense for individuals going on an adventure vacation or to an area far from medical facilities.

Travel insurance may be sold as part of a trip package; however, consumers should determine the name of the insurance company underwriting the policy and verify that it is licensed in Florida. Consumers can verify the license of the insurance company or agent by calling the Department of Financial Services toll free at 1-800-342-2762.