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  • Jessica Drake

Protect Your Travel Investment

When we start to budget for and plan for travel we don’t often think about the unforeseen events that could occur that would disrupt our plans to travel.  Traveling is a large investment and many often make that investment without protecting it.  The recent situation surrounding COVID-19 became a good reminder to many, that as we never know what the future holds for us, we need to make sure we are always protecting our investments, including our investments in travel.  


Over the past few months we saw unprecedented cancellations and policy changes in the industry.  It started as a slow concern and wonder of “am I still going to be able to keep my upcoming travel plans”.  It then quickly turned into a fast

Now is the time to learn from what could have been a situation of great financial loss for many families if this hadn’t been a widespread pandemic forcing policy change.  Let’s think for a minute about if a situation were to arise forcing you to cancel your travel plans due to something that only impacted a small geographic location, a small population, or even just your family.  You likely would be faced with losing the money you invested in that trip if you did not purchase travel protection.  There are many different providers of travel protection from the protection provided by your credit card that you used to pay for the trip, to supplier-provided travel protection, to third party provided travel protection.  It is important to look at all of the options available to you when purchasing travel and determine what level of protection is best for your family and your situation with the understanding that we never know what will happen tomorrow. 

-changing environment where people made the decisions to cancel their travel plans, and for some turned to a situation where they were given no choice, those plans were canceled by the travel suppliers.  The widespread severity of the situation caused quick, and never before seen change in policy for the short term to ensure every travel consumer was able to get their money back at least in the form of a travel voucher, even if they did not have travel protection.  Those that did not have travel protection during this time were still ok, they can take the voucher and plan that vacation for another time.  Some that did have travel protection opted to use their travel protection and get their money back in the form of original payment, however, that was only an option for those with a “Cancel for Any Reason” plan.  These past few months have taught us all a lot about the importance of protecting your investment.


Now is the time to learn from what could have been a situation of great financial loss for many families if this hadn’t been a widespread pandemic forcing policy change.  Let’s think for a minute about if a situation were to arise forcing you to cancel your travel plans due to something that only impacted a small geographic location, a small population, or even just your family.  You likely would be faced with losing the money you invested in that trip if you did not purchase travel protection.  There are many different providers of travel protection from protection provided by your credit card that you used to pay for the trip, to supplier-provided travel protection, to third party provided travel protection.  It is important to look at all of the options available to you when purchasing travel and determine what level of protection is best for your family and your situation with the understanding that we never know what will happen tomorrow.  Travel protection isn’t just a good idea in the event of needing to cancel your plans but also covers many other things that could impact your travel such as delays, lost luggage, medical expenses, and more.   Contact me for your next vacation and I would be happy to provide you with your options to also protect your investment.


jessica.drake@goodkarmavacations.com

248-518-0713

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