Going to a new place on vacation can be an adventure. But the adventure could become a nightmare. The theft or loss of luggage, documents, credit cards, or money can cause problems and delays and pile on extra costs. Although preparing for your trip in advance cant guarantee that you wont have a problem, it can help keep problems from ruining your vacation.
Splitting credit cards, travelers checks, and cash with a traveling companion can help prevent a thief from stealing all your financial resources. Wallets, tickets, and credit cards shouldnt be left in hotel rooms or carried in a purse or small piece of luggage. Purses and small bags can easily be stolen in crowded public places, such as train stations and airports.
If you do experience a theft or loss when youre on vacation, having a list of essential information can help prevent additional problems. Items to consider for your list include:
Any emergency is likely to cost extra money while youre sorting things out. If the emergency is the loss of your wallet and credit cards, youll need back-up funds, which should be kept in a separate, secure place. That back-up can be extra travelers checks and/or a different credit card to carry you through the trip if you lose your other cards. Ideally, the card should be one that can be used for withdrawing cash from ATMs where youll be traveling.
A comprehensive travel insurance policy might help provide emergency help replacing lost baggage, tickets, documents, and cash through a 24-hour emergency hotline. Other coverage might include trip cancellation or interruption insurance, medical assistance, legal assistance, emergency evacuation, and accidental death and dismemberment benefits.
Some credit cards include this coverage as a standard or optional feature. The cost and breadth of travel insurance varies greatly depending on the trip specifics and the options selected.