Travel Insurance

Travel insurance is coverage designed to protect against risks and financial losses that could happen while traveling. The risks range from minor inconveniences such as missed airline connections and delayed luggage all the way to more serious issues including injuries or major illness.

Most travel insurance plans cover trip interruptions, medical emergencies, damaged or stolen luggage, and others. Depending on the travel insurance you buy, it also covers rental car damage and trip cancellation for any reason. Moreover, here are some risks or losses that come under travel insurance:

• Personal accident cover
• Dental treatment relief
• Baggage delay
• Emergency evacuation
• Medical expense reimbursement 
• Loss of passport
• Lost checked baggage
• Trip cancellation
• Hijack
• Home burglary
• Trip curtailment 
• Missed departure/missed connection
• Airline booking/bounced hotel

These are some risks that are covered under many travel insurance policies. There might be others (or fewer) depending on the particular needs of the traveler and the provider.

• Gives you peace of mind

The primary reason for buying travel insurance is that it gives you peace of mind. The fear of what wrong can happen during your trip restricts you from enjoying your vacations. Having travel insurance ensures peace of mind even if something dreadful happens.

Whether you’re traveling for business purposes or holidays with your family, you should be able to keep your mind focused without being worried about unexpected events.

• Provides compensation for lost things

It’s likely that you will bring some expensive accessories while on the trip, such as your wallet, camera, phone, and others. If these items are lost or stolen, your travel insurance plan can cover some or all of those expenses.

With travel insurance coverage, you can bring your favorite things as the coverage will take care of everything if they go walkabout.

• Provides Coverage for Medical Expenses

Anyone can get sick or meet with an accident at any time. But, the chances of getting ill are high while traveling due to the sudden change in weather, food, water, and time zone.

As healthcare can be quite expensive, you should have an effective plan to cope with medical emergencies when traveling abroad.

This is where travel insurance again comes to your rescue. It providesfull coverage for all medical expenses during the trip arising out of any accident or sickness.

• Saves you money in the long run

It might be frustrating to pay the premium cost of travel insurance at the beginning of your journey, but you should think of it more as an investment. It works as a positive component for both your health and peace of mind.

If you book a trip worth thousands of dollars and the entire amount is non-refundable, what would you do if you can’t make the trip due to a sudden earthquake or civil war?

In such a case, you will end up losing all your money. But, having travel insurance means you save money in the long run, as it will help you recover some or all those costs.

Even if you don’t end up saving all of your money, a ruined vacation and getting something back is far better than a ruined vacation and getting NOTHING back. Overall, a travel insurance plan can make your travel experience far less stressful.