Last week, we explored the role of insurance in protecting your assets. This week, we’re zooming in on a type of insurance that often flies under the radar: travel insurance. Whether you're climbing Mount Kilimanjaro, cruising to Antarctica, or simply flying cross-country, travel insurance can make or break your trip financially if something goes wrong.
In this episode, I share:
- When travel insurance is actually worth buying
- The difference between credit card travel protection and comprehensive travel insurance
- Why I canceled my Chase Sapphire Preferred after a frustrating insurance claim
- How to evaluate the real value of travel coverage, especially when traveling internationally
- The pros and cons of single-trip vs. annual travel insurance
- Which companies are most reputable and what to look for in a policy
From missed connections to emergency evacuations, I’ll help you decide when it makes sense to get coverage — and how to avoid wasting money on insurance that won’t pay when you need it most.
Key Takeaways
- Credit card travel insurance can be helpful for minor issues, but often lacks the customer support or reimbursement success for larger claims.
- Comprehensive travel insurance offers coverage for emergencies, medical care, and trip cancellations — crucial for expensive or adventurous trips.
- Consider annual plans if you travel frequently.
- Always read the fine print and check what’s truly covered before buying.
Mentioned Travel Insurance Companies
- Allianz Travel Insurance
- World Nomads
- AIG Travel Guard
- IMG
- Travelex Insurance
- American Express Travel Insurance
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Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes
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Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching .
You can learn more about Elisa at her website or follow her on social media.
Website: https://ww.GrowYourWealthyMindset.com
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