I am about to Travel. Should I depend on my Credit Card’s Travel Insurance Policy or should I buy a separate Travel Insurance Policy?
Quite recently, I was asked a simple question: I have my Travel Insurance Policy on my credit card, why should I buy a separate policy? My gut reaction was simple: never depend on your credit card insurance and never buy it from a bank. With twenty years of employment history between various financial and financial education firms, my reaction is you should try to go to the correct professional to get your financial service. As a guy who is licensed to sell Life and Accident Sickness Insurance, I thought I knew what was best. After all, I have sold these policies for a few years and I had a sense of them. So, of course, my gut said “every individual should buy their own Travel Insurance and buy it from an independent Insurance Advisor; and never walk into a retail bank branch to do the same. Yet, my mind said something else: “are you sure?”. Accordingly, I did research and I was surprised. I was surprised by the range and variability of th...