Honeymoon travel can be expensive. And like most valuable investments, it's worth considering getting insurance for it.
According to Beth Godlin, senior vice president of Access America, a travel insurance provider, "Travel insurance costs about 5% to 7% of the trip. This relatively small investment helps couples buy peace of mind in an economical way."
In addition to serving honeymooners, Access America travel insurance can also cover domestic partners on their celebratory vacations.
Godlin advises, "Think about the concerns you have. Look into coverage that will reimburse you if you have to cancel or interrupt your trip for an unforeseen reason, like a sudden illness or a travel company bankruptcy.
What Does a Travel Insurance Policy Cover?
Different companies offer different benefits, and it is essential to read and understand all the small print before buying a travel insurance policy. It is also advisable to compare the prices and benefits of a few companies before selecting a travel insurance carrier.
"Consider protection for delays due to missed connections and for personal belongings such as lost or stolen baggage," suggests Godlin. "If you are traveling overseas, look into concierge and emergency assistance services as well as coverage for emergency medical treatment and expensive but necessary medical evacuations."
When considering travel insurance, ask if the policy covers:
- Bankruptcy of an airline, tour, cruise or other supplier you planned to travel with
- Trip cancellation and interruption
- Accidents before or during your honeymoon that might prevent travel
- Missed connections, travel or baggage delays
- Emergency assistance.
