Is travel insurance worth it? When it pays off
Summary
Travel insurance can cover trip cancellations, delays, lost baggage, medical care and evacuation, but whether it is worthwhile depends on a traveler’s existing coverage and trip costs. The article says coverage may be especially useful for travelers with limited health insurance abroad, costly or changeable plans, medical needs, high-risk activities or trips to places with limited medical care.Key Facts
- A comprehensive travel insurance policy averaged about $457, or roughly 6% of the average trip cost, as of mid-October 2026, according to SquareMouth.
- Medicare and Medicaid generally do not cover medical treatment outside the United States, according to the State Department.
- Some U.S. health plans cover certain care abroad, while others provide little or no coverage; travelers should check with their insurer.
- Medical evacuation coverage may be useful when a destination has limited medical facilities or services.
- Travel insurance may help cover costs when trips are canceled, delayed or changed.
- Travelers who are pregnant, have pre-existing medical conditions, or plan high-risk activities may need to check whether they have suitable medical coverage.
- Insurance may be unnecessary if existing health coverage applies at the destination or the trip is fully refundable.
- Credit cards and some homeowners or renters policies may include travel coverage, but conditions, limits and exclusions can apply.
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