BEST-LAID PLANS: Yankee Travel consultant Holly Brunelli, left, and company co-owner Candy Adriance. Adraiance purchased insurance for a recent vacation, which came in handy when her husband became ill.
In the world of travel, taking one’s own advice is usually not only best but often the key to staying away from trouble.
And though Candy Adriance, co-owner of Yankee Travel in South Kingstown, isn’t happy she was proven right, she’s glad she listened to herself when on a recent vacation, her husband fell ill and the travel insurance she purchased was desperately needed.
“It’s rarely a pleasant reason you [need to use it],” Adriance said. “We went to Jamaica and my husband went into the hospital and was in there for the entire time we were there. Then we came home.”
Her husband, Robert Rohm, incurred some $5,900 in medical bills and the couple ended up spending $50 out of pocket at the end of the ordeal thanks to travel insurance.
It’s not the first time Adriance has had to cash in on a policy – she was on a group vacation in Africa when she, her husband, and friends got into a car accident and had to be flown on a hospital plane from Mali to London. Insurance covered that expense as well.
“The insurance is such a good buy,” she said. “What I always tell my clients is that insurance isn’t something you want to get your money’s worth on.”
According to local travel agents and insurance sellers, though, getting travel insurance is well worth your money.
Despite knowing that disaster, illness or accident can strike without warning, and recent headline news about cruise catastrophes, many travelers ignore agent advice about getting insurance.
The U.S. Travel Insurance Association reported in April 2012 that a survey found one in eight adults, or 12 percent, had their travel impacted or considered changing plans due to natural disasters or world events but that only 29 percent of impacted travelers had travel insurance.
“It’s an expense,” said Ken Minasian, president of Suburban Tours in North Providence, on why travelers would turn down insurance. “It really depends on the value or expense that they’re going through. For a family of three or four, it could be significant. But you know, so is the loss.”
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.