Is Flight Insurance Worth Buying?

It’s easy to forget some things when you’re planning for a trip. Most times, you’ll either focus your attention on where you’re traveling to, the reason why you’re traveling or what you’ll have to leave behind when you’re gone.

As such, flight insurance is hardly a part of the entire plan. Odds are buying flight insurance might skip your mind while you’re busy trying to make sure everything about the trip turned out fine.

The question is, is flight insurance worth buying? Is it overrated or underrated or should you be bothered about it?

But then what exactly is flight insurance, what does it cover and how does it work?  

Since it’s hard to predict some of the things that might happen during a trip, flight insurance can save you from a whole lot of trouble down the road.

When you’re booking an airline ticket, either from the airline you intend to fly or via an authorized third party agent or company, you’ll have the option to buy flight insurance as an add-on.

What’s Flight Insurance?

Flight insurance is an insurance plan that offers financial benefits to your family or whoever you specified in the event of your accidental demise, loss of valuables, or injury during a fight.

Depending on the company offering the insurance, what is included might be different from one insurance provider to another.

However, all insurance plans comes with a certificate that indicates what is covered and the maximum value of the total coverage.

Generally, the insurance certificate clearly spells out the plan limit. So before you buy any flight insurance plan, ask whoever is selling about the coverage limit.

You can also visit the insurance providers’ website to learn more about the coverage.   

What Does Flight Insurance Cover?

The coverage of many flight insurance plans is restricted to sudden events connected to your air travel.

In many cases, this type of insurance plan, covers:

  • Stolen, loss, or damaged luggage
  • Flight delay
  • Trip interruption
  • Flight cancellation
  • Injury
  • Death
  • Some medical costs

Like I mentioned earlier, what a flight insurance will cover depends on the insurance provider and what is outlined in the insurance certificate.

However, regardless of what is indicated in the certificate, because flight insurance is a low-cost travel insurance, there could be some gaps in whatever the insurance covers.

Your best bet is to read the fine print or visit the insurance service provider’s website or contact the company for specific information about the coverage.

How Does Flight Insurance Works?

The benefits you’ll get from whatever flight insurance coverage you buy is secondary compared to what the airline you fly will offer you as compensation in the event of an occurrence that requires compensation.

In the event that your flight was canceled or delayed, your luggage was lost or stolen, the first step would be for you to file a claim for compensation with the airline and it directly falls under the “contract of carriage.”

This should be a part of your ticket booking and it indicates how the airline should compensate more than what you paid for the ticket depending on the situation.

Whatever difference exist between what the airline offered you as compensation and the limit of your flight insurance policy will be covered by your flight insurance service provider.   

How Much Do You Have To Pay For Flight Insurance?

The amount you’ll have to pay for flight insurance depends on the insurance provider. Bear in mind that a third party or the airline itself can sell flight insurance.

Regardless of who is offering the insurance, it is always a low-cost insurance compared to comprehensive travel insurance.

Unlike flight insurance, comprehensive travel insurance insures every of your pre-paid, and non-refundable trip cost and that goes for an average amount of 4 – 10 percent of your entire trip cost.  

Is flight insurance worth buying?

Although flight insurance is cheaper compared to other travel insurance plans, it is crucial to look into other aspects of your trip apart from the flight.

If you intend to spend a lot in your traveling, buying flight insurance only could still leave you exposed to several other risks as fight insurance do not cover everything because it’s low-cost insurance.

For instance, if your traveling costs are connected to a pre-booked excursion or a non-refundable cost such as hotel costs, your entire traveling cost could easily be higher than the maximum plan of your airline insurance.

This is why you should look into other traveling insurance options so that you can opt for coverage that suits what you precisely need.

Consider Comprehensive Travel Insurance

Other related travel insurance options such as comprehensive travel insurance could provide higher limits on their highest plan value and several other benefits.

In fact, you’ll get the chance to insure your entire trip and that includes your flight.

For instance, if you sustain one or more injuries while on your journey, comprehensive travel insurance can offer compensation to cover for your medical costs up to the coverage’s maximum.

It can as well cover transportation costs to another hospital if the ones around lack the required tools or professionals to attend to your medical condition based on the judgment of the insurance service provider and attending medical expert.

Better still, almost all comprehensive travel insurance plans, provide 24-hour support lines to travelers.

Bottom Line

Is flight insurance worth buying?

It’s hard to precisely predict what could happen when you’re going on a trip.

If you intend to have a short-distance trip, you may consider flight insurance considering its cost and how far you’re traveling.

But if you’re planning for a long-distance trip either across the country or even abroad, a comprehensive travel insurance will be your best option.

However, regardless of your trip distance, any time might happen before, during or even after the trip.

So weigh your options carefully considering your valuables, the reason for the trip, how important the trip is, what you have to risk and what they mean to you and the risk involved in your entire trip.

In fact, when it comes to insurance, you should leave nothing to chance!

Williams Oleije

Williams Oleije

Williams Oleije is an Inbound Marketer, and a pop culture enthusiast. He's an avid researcher about how digital media is transforming marketing in several industries.

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