Travel Insurance is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incured while traveling, either domestically or internationally.
Most travelers often overlook the importance of getting a good travel insurance policy.
Although travel insurance cannot help people avoid misfortunes during their travels, it offers consolation in the form of monetary compensation, which can be very useful in certain situations.
Travel insurance can usually be arranged to cover exactly the duration of that trip or a multi-trip policy can cover an unlimited number of trips within one year.
Travel insurance provides a wide range of benefits for travelers:
- Firstly, it offers financial recovery for medical expenses that are incurred because of accidents and illnesses. Medical treatment is very costly in some countries, With travel medical insurance, travelers can get reimbursement for the total amount of money that they spend on medical treatment. Travel insurance also covers medical evacuation, which means that travelers do not have to pay medical .
- Another important benefit of travel insurance is that it provides protection against trip cancellation and interruption. When an emergency arises before or during a vacation, travelers may have to cancel or cut short their trips. Since they have already paid for their vacations, they will stand to lose a substantial amount of money. Travel insurance ensures that they will get compensation for losses that result from trip cancellation or interruption. Additionally, those who have a travel policy will get coverage for loss baggage or personal belongings.
- Other types of coverage that are available to travel insurance buyers include travel delay, tour operator default, personal liability, accidental death, legal expenses, repatriation, emergency reunion, dental expenses, and others.
- A travel insurance policy does not only ensure that you will get coverage for unforeseen losses; it also allows you to avail of a number of services that can be invaluable during times of emergency. Most travel insurance companies offer travel assistance and 24-hour emergency services to help their customers deal with unfavorable situations during their vacations.
Source : Travel Insurance Review