I always recommend travel insurance for clients because not only are you covered in the event of something medical occurring, but you are also covered in the case of a long travel delay, or a late flight, lost baggage, etc. This is of particular interest and lots of my clients like to talk about the benefits of either travel insurance or the refundable flight.
Read on for more information!
— Kip
Purchasing Travel Insurance vs. a Refundable Flight: Which Is Better?
from Allianz Travel
As you’re booking the flight for your next trip, you’re faced with a dilemma. Should you buy the refundable airline ticket or the non-refundable ticket?
The cheapest non-refundable fare—often labeled the Saver, Basic, or Economy fare—will save you money, maybe even hundreds of dollars. But these tickets are also the most restrictive, so you risk losing it all if you need to change or cancel your trip.
The refundable fare is more expensive, although it often includes perks, such as no bag fees, better seat choices, and earlier boarding. But if you get the refundable flight, can you save money by skipping the travel insurance?
The short answer: The best ticket choice will depend on your budget and your flexibility. And no matter which you pick, travel insurance is almost always a good buy. That’s because it can protect much more than the price of your ticket, including trip delays, baggage delays, medical emergencies, and more.
Every traveler’s situation is different! Here’s how to make sure you buy the right kind of ticket and the right travel protection.