Should I Buy Travel Insurance?

Should I Buy Travel Insurance for my Trip to Bora Bora and Tahiti?

‍

One of the most frequently asked questions that we receive from clients traveling to the Islands of Tahiti, especially ever since COVID-19 came into the equation, is "Should I Buy Travel Insurance?". The short answer is "yes". At Venture Tahiti we highly recommend insurance protection.

We will explore travel insurance in more detail by focusing on the following common questions:

• How can I protect my travel investment?
  
• Is travel insurance expensive?
  
• Are all travel insurance policies the same?
  
• Can I compare different travel insurance policies and decide for myself?
  
• How do I purchase a travel insurance policy?
  

How Can I Protect My Tahiti Travel Investment?

At Venture Tahiti, we always recommend purchasing travel insurance. Your trip of a lifetime to the Islands of Tahiti could be a very significant financial investment. A travel insurance policy designed for long-haul, international travel that protects not only your pre-paid expenses, but also your personal health, is the best way to protect your Tahiti travel investment.

• Regardless of your budget, when traveling internationally, travel insurance becomes more important than if you are taking a short trip close to home as it can protect you from a significant financial loss.
• Venture Tahiti recommends purchasing your policy through Yonder Travel Insurance, a website to sort, compare, and purchase travel insurance from multiple providers.

Is Travel Insurance Expensive?

Travel insurance is easy to obtain and affordable. It is designed to protect you and your trip investment from travel or medical emergencies.

• Travel insurance protects your nonrefundable trip expenses if you must cancel your trip due to a covered serious illness or a covered pre-existing medical condition of a family member not traveling with you.
• Hurricanes or natural disasters are also a commonly covered event if a natural disaster at your home or destination, interrupts or requires you to cancel your trip.
• Travel insurance usually costs 7-15% of your nonrefundable trip expenses. The age of each traveler and the number of travelers covered by the policy also influence the policy premium.
• For most providers, COVID-19 is still considered a covered event if you, a family member, or a traveling companion contract the virus.
• If you are concerned about cancelling due to the spread of COVID-19 at your home or destination, consider a specific type of benefit called “Cancel for Any Reason” that would protect 75% of your trip expenses.
• Cancel for Any Reason coverage costs more than an ordinary policy, but it gives much more flexibility.

Are All Travel Insurance Policies the Same?

You are welcome to purchase your own travel insurance directly through a number of different providers. When comparing policies, please keep in mind that the benefits and coverage limits can vary widely from policy to policy. Yonder Travel Insurance allows you to compare multiple providers side-by-side. When choosing a travel insurance provider, here are a couple of things to remember:

• Third Party Providers – Industry experts recommend that you purchase a travel insurance policy issued by an independent, third-party provider that is not a part of, or owned by the travel company through which you book your trip. That way you are assured of fair and impartial treatment.
• Key Policy Features – For long-haul destinations like Tahiti, pay particular attention to the Emergency Evacuation & Repatriation Benefits. Some policies have a $50,000 or $100,000 cap on these benefits, which would most likely not be enough for an emergency medical evacuation from the South Pacific back to North America.

Can I Compare Different Travel Insurance Policies and Decide for Myself?

Yes, and we recommend that you do so. The experts at Yonder Travel Insurance have made this easier for you. They have poured over hundreds of policies from the best travel insurance providers in the US to provide an unbiased travel insurance recommendation for how YOU travel.

• Compare policies from multiple providers to find the policy that provides the coverage you need at a price point you’re comfortable with.
• With every travel insurance policy sold, Yonder donates a week of meals to vulnerable children in need in Nepal and Southeast Asia.

How Do I Purchase a Travel Insurance Policy?

There are time sensitive benefits such as Cancel for Any Reason or a pre-existing condition waiver that must be purchased within 14-21 days from your initial trip deposit date. Click here to run an instant travel insurance quote. The friendly humans at Yonder would be happy to walk you through a quote and answer any questions you may have. The Yonder team can be reached at hello@insureyonder.com or (855) 358-6433.