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6 reasons you might buy travel insurance now — even if you never did before

Dec. 22, 2021
6 min read
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I’ll be completely honest: Before the COVID-19 pandemic, comprehensive travel insurance wasn’t at the top of my list of considerations when booking a trip. But these days, I never book a trip without it.

With the rise of the omicron variant, more destinations reopening, vaccination rates rising and travel demand ramping back up during the holiday travel season, more people are planning and booking trips — many for the first time in over a year and a half. However, the pandemic isn’t over, and the risk of canceled trips or other mishaps is still ever-present.

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Here are six reasons why you should look into purchasing third-party travel insurance, even if you never thought about it in the past.

Related: 9 tips for flying during the holidays this season

Your destination requires travel insurance

Some countries are making travel insurance or health insurance that covers COVID-19 a requirement for entry. At the time of writing, this included:

  • Anguilla.
  • Argentina.
  • Aruba.
  • Bermuda.
  • British Virgin Islands.
  • Bolivia.
  • Cambodia.
  • Chile.
  • Costa Rica.
  • Curacao.
  • Democratic Republic of Congo.
  • Egypt.
  • Grenada.
  • Georgia.
  • Israel.
  • Jordan.
  • Nepal.
  • Oman.
  • Saudi Arabia.
  • Seychelles.
  • Singapore.
  • Sint Maarten.
  • Tahiti.
  • Thailand.
  • Turks and Caicos.
  • Ukraine.
  • Uraguay.

Others, such as South Africa and Brazil, don’t require insurance for entry. However, it is still highly recommended by either their governments, the U.S. Department of State or both to purchase insurance before your trip.

Related: Omicron update: When will international travel return? A country-by-country guide to coronavirus recovery

Some destinations — such as Costa Rica — now require some type of travel or health insurance policy that covers COVID-19. (Photo by Kryssia Campos/Getty Images)

The type and level of insurance coverage required varies by country — some require insurance that is satisfied by credit card travel insurance, others require a specific plan offered by the destination and many fall somewhere in the middle. Before booking your trip, make sure to double-check the entry requirements of the destination to ensure you factor the cost of insurance plans into your budget if necessary.

Additional COVID-19 coverage

A rapid COVID-19 testing site for arriving international passengers at Los Angeles International Airport. (Photo by Mario Tama/Getty Images)

Even if the destination doesn’t outright require travel insurance, you may decide to add a plan to your trip as a safety net. While being vaccinated provides effective protection from COVID-19, breakthrough cases are still a risk. And while your vaccine should protect you from getting severely sick, no one wants to have to foot the bill of quarantining for 10 days.

And in worst-case scenarios, travel insurance plans can also provide medical evacuation services if necessary, because these can be prohibitively expensive without coverage. Only a select few credit cards offer that kind of coverage, so third-party insurance is a better bet if you want that level of coverage.

Related: This travel insurance will fly you home if you test positive for COVID-19

An early return

When it comes to travel, stuff happens. You may need to leave your destination before your original return date for emergencies such as the loss of a family member, a bad weather event or a lost or stolen passport, to name a few. You want to be covered when the worst happens.

Related: Why booking your holiday travel with the right credit card matters now more than ever

You aren’t sure if you’ll end up going

The risk of COVID-19 and the hoops travelers have to jump through in order to get to some destinations can make even getting to board your flight a toss-up. TPG director of travel content Summer Hull recently went on a trip to Turks and Caicos where her travel documents weren’t approved until the last minute because of the tight turnaround needed to get tested and then get those results verified for entry.

(Photo by Tiziana Fabi/AFP/Getty Images)

When the stars do align and make it possible to take that trip, it’s often 100% worth the hoops of entry. But it’s also important to protect the financial investment you’re putting into trips.

These days, flexibility is key, and third-party travel insurance — specifically cancel-for-any-reason coverage — can add so much peace of mind while planning any trip.

Related: Why I traded an international getaway for a last-minute discounted Disney Cruise

You’re taking advantage of cash deals

We’ve seen some great cash flight deals recently as airlines entice travelers to get back out there. But cash deals – especially if for basic economy — are often nonrefundable compared to when you book premium fares or use points and miles.

In the current world of uncertainty, travel insurance coverage is a great way you can take advantage of low-cost cash deals without having to worry as much about specific airline cancellation and refund policies.

You’re planning travel that isn’t hotels or flights

Throughout the COVID-19 pandemic, there’s been a rise in long-term rental stays, road trips, national park visits and other types of travel that don’t necessarily involve a flight or hotel. These types of trips may not be covered by card protections or have clear cancelation and refund policies.

(Photo by Thomas Barwick/Getty Images)

Third-party travel insurance is a great option for covering the costs of these types of trips. If you find yourself taking more types of getaways that aren’t covered by your credit card protections these days, you should look into purchasing a third-party plan.

Additional reporting by Benét J. Wilson.

Featured image by Shutterstock
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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The Marriott Bonvoy Business Amex is a stacked card with a rewards rate that will help you earn bonus points on everyday and business-related purchases. You'll earn 15 elite night credits each calendar year, and receive automatic Gold elite status. Finally, the free night award certificate with a redemption level of 35,000 points or less can get you hundreds of dollars in potential value each year.

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  • 4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
  • 2x points on all other eligible purchases.
  • Receive a 7% discount off standard rates for reservations of standard guest rooms at hotels that participate in the Marriott Bonvoy program when you book directly. Terms and Conditions Apply.
  • Receive 1 Free Night Award every year after your Card renewal month. Plus, earn an additional Free Night Award after you spend $60K in purchases on your Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. Certain hotels have resort fees.
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  • Terms apply.
  • See Rates & Fees