Planning a trip overseas? Buying extra travel insurance can be worth the added cost

Planning a trip overseas? Buying extra travel insurance can be worth the added cost

Dubai: Anything from an unexpected medical emergency or an abrupt trip cancellation can befall any traveller, and any such an event would not only hamper your travel plans but it can turn out to be very costly for you as well. But is buying travel insurance worth the extra cost? Let’s find out. The average cost of travel insurance is at least 5 per cent of your trip costs, according to Forbes Advisor's analysis of travel insurance rates recorded worldwide. For example, if you purchased a trip worth Dh5,000, travel insurance policies available to you will likely cost around Dh250. “Rates can vary substantially depending on the plan purchased. For a Dh5,000 trip, our analysis saw rates as low as Dh154 and as high as Dh437,” said Sophia Sanchez, travel planning manager at a UAE-based European tour operator. “What you'll pay is based on several factors, such as your total trip cost, the benefits included in the plan and your age. Deciding if travel insurance is worth it depends on whether your trip is refundable, where you're going and how much coverage you get from your trip.” To gauge whether travel insurance is worth the extra cost, travel planners reiterate