Travel Insurance – Should You Get It? and How We Massively Overspent

As I’ve mentioned before, I still can’t get over the fact that we spent almost $700 on travel insurance, a major part of our budget for SE Asia and still a significant portion of our larger budget for New Zealand. After many hours of research, questions to friends and relatives, and even a poll here on the blog, I’ve come to the disappointing conclusion that we paid WAY too much for our travel insurance. How, you ask? It went something like this:

  1. Travel insurance is complicated.
  2. It’s hard to tell if it’s necessary, but the decision is emotional with respect to peace of mind, for you and possibly your family at home.
  3. It can be quite expensive, especially if you’re not smart about it for cheap trips.
  4. Points 1-3 led me to waste HUNDREDS of dollars purchasing too much insurance.

Here’s what I should’ve done instead and how I’ll buy insurance in the future.

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