In many cases, taking out travel insurance for your cruise vacation is a wise investment ? or is it? The key is being informed to know when and what type of insurance you need. Here are six tips to get you in-the-know:
1. Distinguish between travel insurance and tour protection. The latter is offered by the cruise line while insurance is regulated by the state and must be approved by the state insurance commissioner. If the insurance company goes out of business, a fund would be available to cover claims. Not the case with tour protection.
2. Consider who is in your travel party. If you have young children, elderly parents, or you have a medical condition, then travel insurance is a must. There are too many risks with these situations not to be protected.
3. If you or others in your cruise party have pre-existing medical conditions, travel insurance must be taken out within a specified number of days after deposit or the pre-existing conditions aren?t covered. For instance, if you have to cancel the cruise because of a long-standing back problem and the insurance was taken out after the specified number of days, sorry but you?re out of luck. You?ll get no coverage for the back problem.
4. Consider the cost of the cruise versus the cost of the travel insurance. If you only paid $1,200 for your cruise but the cost of the travel insurance was $200, it?s probably not worth the price of the coverage.
5. Inquire into exactly what the travel insurance policy covers. Most policies cover lost or delayed luggage; medical evacuation if injured; reimbursement for cancelled flights; and supplier default. (That said, coverage varies by policy ? check it carefully.) The most important coverage: if trip is cancelled for the covered reason such as medical. Here, the cost of trip is reimbursed up to the policy limits.
6. Consult a travel agent for help in booking your cruise and knowing when travel insurance is a good investment.
Source: http://jmillerlaw.com/millerblog/2011/06/travel-insurance-for-cruises-maybe-%E2%80%93-maybe-not/
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