Traveling Vs Travelling
In the early nineties, the travel industry had no trouble at all providing a good way in which to make money – Traveling. A troupe of traveling actors could go from one location to another performing a specific role. This could be horse-shoe dancing in Egypt or a scene from a movie where the lead’s character was marooned in the wilderness. In short, the travel industry provided an excellent venue for people who wanted to get away and make a good impression.
The popularity of traveling also made it ripe for fraud. There were a lot of ‘disappearances’ that resulted in massive payouts to claimants. These disappearances had the effect of increasing risk to the company that was paying for the traveling acts. As a result, the Traveling Insurance Covid-19 now requires all of the major providers of travel coverage to include coverage for the risk of double death.
Not everyone considers the Traveling Insurance as important as they do the other parts of their travel package. Many people seem to think that they can get by without any coverage at all, for example the standard term life insurance policy. But that is not true. Accidents and emergencies can happen at any time and there is no substitute for coverage in the event that you are no longer able to travel. In fact, even if you do not require Traveling Insurance, it would still be worth taking a policy to protect your other assets. To illustrate what I mean, consider this example:
Imagine that you are on your way to Paris to attend an important conference. You are dressed elegantly and you leave everything behind, in order to make sure that you arrive safely and just as you expected. However, as you prepare to travel on the road, you suddenly get a flat tire. If you have not packed any Travel Insurance, you will be faced with a mountain of bills from various services, such as hotel and travel reservations as well as auto rental services. And you would probably miss your meeting and the conference, for which you had been planning all along.
So, do you really want to skip Travel Insurance? If you can afford it, go ahead and do so! Otherwise, it would be a waste of money and time. Just remember that most accidents happen when you are least expecting them. So, rather than be caught unawares by an accident that you have prepared for, be proactive and be prepared for whatever happens. That way, you can at least say that you have been traveling vs. travelling!