Travel Insurance

The concept of travel insurance can be confusing to many. This post is meant to bring clarity to the travelers. Travel insurance comprises three categories as follows:

  • The trip cancellation Coverage or Trip Cancellation Insurance
  • Travel Medical Insurance: This plan does not include trip cancellation.
  • Comprehensive Travel Insurance: This plan covers every aspect of Travel Insurance

Travel insurance comprises various plans that can involve various situations of a trip.

Trip Cancellation Insurance

Trip cancellation insurance reimburses the total cost of non-refundable travel costs. It covers pre-departure cancellations up to the covered amount for a trip that was pre-paid and is non-refundable. The reimbursement is made for any unforeseen and covered cancellation reason whether it for injury, illness involving you, your family member, business partner or destination host that causes you to cancel your trip.

It is important to secure your investment and save yourself from unforeseen issues with Travel Insurance

Travel Medical Insurance

This type of travel insurance only includes medical benefits. It is more extensive on the coverage of medical issues that the trip cancellation insurance.

Comprehensive Travel plan

Travel insurance plans off extensive benefits of all travel plan types. the aim is to protect the investment you make for your trip. they can cover both business and leisure travel. Therefore, comprehensive travel plans are ideal for any traveler.

These plans cover: 

  • Trip Cancellation
  • Trip Interruption
  • Emergency Medical Expenses and Evacuation
  • Dental
  • 24 hour Traveler Assistance
  • Repatriation of Remains
  • Baggage
  • Accidental Death Benefits
  • Others

These benefits are generally common to most travel plans, but, may vary from one plan to another. Some plan s even go further by offering additional coverage for:

  •  Rental car damaged
  • Financial default

  • Cancel for Any reason

  • Preexisting Condition waver

Cruise insurance is a comprehensive type of travel insurance for cruise travelers. 

It Is Time to Buy Travel Insurance

Obviously, the best time to get your travel insurance is when you are ready to travel, your trip is booked.  24 hours before is the latest you can go. Make sure you get handy all the references you need.

How It works

Just like any other insurance, you have to buy your insurance, pay all the costs and fees required. And then, file a claim for reimbursement when needed.

How to choose a Travel insurance plan?

Upshot

Travel insurance is often neglected because it is not mandatory like a car insurance. However, the main advice is to seriously consider purchasing insurance when traveling away from home. A travel life insurance certainly saves the day in case health crisis or an emergency medical evacuation.