Are you dreaming of your next vacation? A time to unwind and escape the woes of everyday live (without breaking your budget of course). It’s exciting planning a getaway, thinking about all the different sights that you will get to see, or the relaxation that you have planned.
I don’t know about you, but I very rarely even think about the possible negative aspects of a vacation, yet it’s something that most of us will experience, it’s just the severity that can get us in trouble. The worst thing that’s happened to me whilst on vacation was getting stung by something and swelling up, fortunately everything got better on it’s own quite quickly, but not everyone is so lucky.
I have a friend who recently went traveling with his pregnant partner. She was only 28 weeks pregnant at the time, and they saw this as one last hurrah before bub arrived. It turns out that a day before they were scheduled to leave, she went into labor and had a very premature birth.
The baby had to live inside of an incubator for the next 8 weeks before they were allowed to take him home. The hospital was charging $10,000 a week, which over the course of 8 weeks would have cost him $80,000 – something he wasn’t prepared for, nor could he afford.
Fortunately my friend had travel insurance (that included birth), and everything was paid for. There were also other costs like:
- Airfare Changes
- Baby Items
None of these were budgeted for when they set out and fortunately most of it was covered, although I think he was still out of pocket about an extra $5,000 over the course of the 8 weeks. $5,000 is a lot better than $80,000+ though!
I guess what I am trying to say is that even if you don’t expect something bad to happen, it can happen, and you need to be prepared to pay for it if you decide not to go for travel insurance.
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