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Why Travel Insurance Is the Best Companion for Your Next Trip

April 29, 2025
Insurance , Lifestyle
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Last summer, Stanley embarked on a long-anticipated trip with his wife. They had all looked forward to this trip for months, and because he had spent weeks meticulously planning for it, he expected everything to go smoothly. Stanley was convinced that nothing could go wrong.

Little did he know that he and his wife were in for a series of unpleasant surprises.

It all began when their flight was cancelled due to a sudden storm warning that was expected to last for a few days. Stanley was still processing the disappointing news and trying to figure out an alternative plan, when another one came. One of their suitcases had gone missing because another passenger had mistaken it for theirs.

Stanley was trying not to panic while thinking through possible solutions when his wife gently reminded him that they had bought a travel insurance policy when they booked the flight. Slightly relieved by this information, he checked his email for the policy document and contacted the insurance provider.

The insurer reassured Stanley that weather-related delays were covered. They booked new flights for Stanley and his wife, paid them for the essential items from their missing luggage, and covered their bill for their hotel room and meals during the delay.

The next morning, Stanley and his wife happily boarded their new flight, thanks to a travel insurance policy he almost didn’t buy. If you are one of those people who think travel insurance isn’t essential when traveling, here are six reasons to make you reconsider:

  • It’s not just for the “What-Ifs”. It’s for the “When”

Nobody likes to imagine worst-case scenarios while planning a trip. We prefer to think about the positive aspects of traveling: bright sunsets, smooth flights, and luggage intact. However, the truth is things could go wrong, and when they do, your travel insurance steps in like a reliable friend who always knows what to do. You just have to be prepared. 

  • Medical Mishaps Happen

From a twisted ankle while hiking to food poisoning from eating different types of food while sightseeing, travel insurance ensures that you’re not footing a massive medical bill in a foreign country. Some countries require tourists to make an up-front payment for healthcare. With travel insurance, you don’t have to worry about that.

  • Lost Luggage

Arriving at your destination only to discover your bags didn’t make it and are nowhere to be found can be devastating. Travel insurance helps you replace your essentials so that you’re not stranded in a foreign country in yesterday’s clothes.

  • Flight Delays & Cancellations

Whenever there is a drastic change in the weather, flights either get delayed or cancelled altogether. As a traveler, this could leave you stranded abruptly. With travel insurance, you can get a new flight at no cost to you, accommodation, and financial compensation for other unexpected expenses. This immediately remedies a chaotic situation.

  • Change in Plans

Sometimes life throws you a curveball that requires you to put your trip on hold despite being totally prepared for it. It could be an illness, a family emergency, or even a global event. Travel insurance offers you Cancel for Any Reason (CFAR) options that let you change your travel plans without losing everything you invested in it.

Peace of Mind is Priceless: Secure it with Coronation’s Travel Insurance

Travel is about discovery, joy, and freedom. We spend weeks planning trips, researching spots, and booking experiences. Travel insurance is the safety net that protects all that effort. Just like you wouldn’t go hiking without good shoes, you shouldn’t explore the world without the solid protection of a travel insurance policy.

Coronation offers travelers affordable and valuable travel insurance that allows them to explore the world confidently. So, as you begin to plan your next adventure, reach out to us at contactcentre@coronationinsurance.com.ng or call 020-1-2774500, 020-1-2774566, 020-1-2774577 to secure your travel insurance policy.

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