What Is Travel Insurance
Travel insurance is a type of insurance that cover unforeseen losses incurred while travelling either abroad or domestically. In Basic policies only cover the emergency medical expenses while overseas. In other hand the Spacious policies include coverage for trip cancellation, lost luggage, flight delays, public liability and other expenses.
A survey of insurance companies in 2021 said that almost half of Americans have faced fees or had to absorb the cost of losses when traveling without travel insurance.
Comman Benifits Of Travel Insurance
Medical Travel Insurance
Medical emergencies can come up at any time. But no matter where you are, you deserve quality healthcare. One of the major travel insurance benefits is that it covers you for medical expenses, emergency medical evaluation, and repatriation. Moreover, any money incurred on dental care expenses during your trip shall also be reimbursed.
Cancellation Travel Insurance
Comprehensive travel insurance policies include cover for any cancellation fees or lost deposits relating to cancellation of the insured’s person’s trip for a range of unforeseen and unexpected circumstances. These include illness or injury, natural disasters and bad weather, strikes and riots, hijacking, and family emergencies.
Trip Delay Travel Insurance
Your travel plans may get delayed due to external or unavoidable causes. Travel insurance benefits also cover you for such delays if you have comprehensive travel insurance plan. It provides for additional meal, accommodation and any transportation expenses that you may have to incur.
Luggage Travel Insurance
Luggage benefits cover for loss, damage or theft of personal effects during your journey, including passports and other travel documents. It may also include limited benefits for theft of cash.
Covers All Legal Expenses
Every country has our legal matters. If you have a travel insurance you will be covered for all the legal cost and expenses related to a third-party liability claim arising out of death or bodily injuries.
Hijack Distress Allowance
Flight hijack can be a traumatic experience which can cause much distress. But having travel insurance can cover you for this situation too. Travel insurance compensates you by paying distress allowance if your flight on a common carrier gets hijacked for a certain number of hours.
Also read :- Insurance : Types of Insurance, Things Covered in insurance and it’s terms and conditions.