57
votes
Are there benefits in travel insurance for travelers with deep pockets?
Insurance is most useful for rare but severe losses. Frequent but minor losses should be self-insured (i.e. paid by you), for precisely the reasons you stated.
If my home burns down, I don't care ...
- 15.4k
51
votes
Accepted
Why should you have travel insurance?
What you've described is the case for all insurance. If the expected value of the insurance policy for the average buyer costs more than the premium, the insurance company will eventualy go out of ...
- 85.9k
50
votes
Why should you have travel insurance?
"Why should you have travel insurance?" - because the insurance company makes money from it. That is their reason to offer it.
What is your reason to have insurances? If you have the need to cover ...
- 28.5k
37
votes
What happens to plane tickets in case of airline bankruptcy?
An answer relevant to UK residents: use your UK-issued credit card.
If you purchase an airline ticket with a credit card issued by a UK bank, the bank is liable to you for any breach of contract by ...
- 37.1k
34
votes
How to buy a car for a road trip in the United States?
First off, don't let anyone tell you it's not worth it: you can find cheap cars that are very likely to keep running for a the duration of your trip. They won't be in the best shape, but that's true ...
- 937
33
votes
Accepted
Does travel insurance for short flight delays exist?
The thing to bear in mind with insurance is that you always expect to pay more in your premium than you would expect to get paid from the policy. If you're insuring against a 30 minute delay for a ...
- 14.8k
31
votes
Accepted
Airlines refused Missed Flight Cover 10 minutes after departure
Unfortunately, you're out of luck.
Missed Flight Cover is an optional Travel Insurance for which there is an additional fee. Did you pay the fee?
Any Compensation regulation does not apply because ...
- 32.6k
29
votes
Are there benefits in travel insurance for travelers with deep pockets?
The basic principle of buying any insurance is that it is only prudent to do so if you can't afford to pay out the potential liability out of pocket. That's why getting insurance for something like a ...
- 82.1k
27
votes
What is the difference between "health insurance" in the US and "travel insurance"
Travel insurance usually covers a range of problems that might happen while traveling including lost luggage, rental car towing, and tour cancellation fees, not just health insurance.
As to whether ...
- 16k
27
votes
Is there a risk to write an invitation letter for a stranger to obtain a Czech (Schengen) visa?
There is no requirement that visitors to the Schengen area (which Czechia is part of) need to be invited by a citizen or resident.
The standard procedure is that your friend would apply for a visa ...
26
votes
Canadian citizen needs insulin in US during lockdown
You can get insulin without a prescription in USA. However, since it won’t be the kind you’re accustomed to, you should get a doctor’s advice.
https://insulinnation.com/treatment/medicine-drugs/...
- 9,336
25
votes
Is there a risk to write an invitation letter for a stranger to obtain a Czech (Schengen) visa?
In Czech Republic, invitations (pozvání) are highly formalized and often impractical. Here's the process:
Depending on the type of invitation (see below), you may need to prepare a bank statement or ...
- 2,326
23
votes
Accepted
Are there any airlines which refund fare (including economy class) fully in case you don't get visa?
Here are some airlines that mention refund upon visa refusal:
UIA
KLM
Air France
China Southern
"Most Russian airlines"
Looking at the fare rules for a sample of airlines, I see the following text ...
- 28.4k
20
votes
Accepted
What happens to plane tickets in case of airline bankruptcy?
They are worthless.
Happened to me some years ago, drove to Miami, walked in the airport, just to find the counters closed; at the neighboring counter they told me that they filed for bankruptcy this ...
- 28.5k
20
votes
Accepted
Is there a charge for mountain rescue in Spain (Canary Islands)?
In many regions of Spain and depending on the circumstances, the costs associated with search and rescue are passed on to those who need it. It has been the subject of intense media coverage in recent ...
- 35.3k
20
votes
Do you need to add a day to travel insurance if your plane arrives a day later than departure?
You are covered during the dates that are stated in the contract. Let's say your flight departs on the 18th and lands on the 19th covering multiple time zones and you only book insurance until the ...
- 94.2k
19
votes
What happens to plane tickets in case of airline bankruptcy?
Acording to ECTAA there is no regulatory protection against airline failure in Europe:
PASSENGER PROTECTION AGAINST AIRLINE FAILURES
When a tour operator or a travel agent goes bankrupt, ...
- 28.4k
19
votes
How should I be prepared to deal with medical emergencies abroad?
Medicaid does not cover medical care outside the United States. In addition, you should check your state's eligibility rules to ensure you don't need to re-enroll when you get back, as your coverage ...
- 85.9k
19
votes
Accepted
US Healthcare consultation for visitors
Since I work in US on H1B visa, is it possible for me to cover my parents under the insurance provided by my employer?
Probably not. This is generally only available for your spouse and dependent ...
- 85.9k
18
votes
What's an "un-made up road" in terms of car hire insurance?
According to the Free Dictionary, for made-up:
(Civil Engineering) (of a road) surfaced with asphalt, concrete, etc
Also (thanks to @user568458) from Collins:
(of a road) surfaced with ...
- 28.4k
17
votes
Why should you have travel insurance?
Doesn't it make sense to, instead of buying travel insurance, just save the money you would otherwise pay for it and when something happens to you, pay it from this saved money?
Frequently, yes, but ...
- 131k
16
votes
What's an "un-made up road" in terms of car hire insurance?
In Australia we don't say "unmade up road" we just say "unmade road".
Assuming there isn't a technical rather than just a dialectal difference, our classier way to say that is "unsealed road".
And ...
- 78.3k
16
votes
Insufficient travel insurance to cover the massive medical expenses for a visitor to US?
If you're in a life threatening situation, unconscious and dying - the US hospitals are obligated to treat you whether you can pay them or not. But once you're no longer in a life-threatening ...
- 16.6k
15
votes
Insurance when traveling to the United States
Yes, medical insurance is absolutely necessary if you visit the US.
Technically he will be allowed into the country, but without medical insurance, in the US (the most expensive country in the world ...
- 64.1k
15
votes
How can I get insured to drive any car in any country without owning a car?
At least here in Australia, all (?) car insurance policies permit other people to occasionally drive the car and still be covered by insurance, so you don't need to do anything. The main caveats are:
...
- 99.8k
14
votes
Is it true that you can receive emergency care in the UK completely free of charge?
Yes it can cause issue with future immigration applications.
Hospital treatment is free to ‘ordinary residents’ of the UK. But if you are visiting the UK – to stay with family, on business, as a ...
- 14.7k
14
votes
Is it true that you can receive emergency care in the UK completely free of charge?
Is the claim true? Will the hospital discharge you without presenting any bill?
For emergency care, it seems true. For any other care you will get billed. Please remember that emergency care is ...
- 1,961
14
votes
Why should you have travel insurance?
Your math is correct, but only makes sense on a large scale.
Let's take an even simpler example. Assume the chances of you falling sick on a given trip is 1%, and the medical and transportation costs ...
- 2,313
14
votes
Can I get a travel insurance policy which is valid for NON-MEDICAL claims, despite undeclared medical conditions?
The product you are looking for is called Cancellation Insurance. A typical product covers you in the case that you have to cancel a trip due to unforeseen circumstances, or for something like luggage ...
- 64.1k
Only top scored, non community-wiki answers of a minimum length are eligible