A travel insurance policy is a contract between you and the carrier (insurer) of your policy. It covers the cost of medical expenses, legal expenses, and other losses you might encounter during your trip. A travel insurance policy provides its insureds with cash benefits to recover those costs should they happen to get seriously injured while traveling or meet an untimely death.
However, not every policy covers everything on the list below. To make sure you buy a comprehensive travel insurance policy, it’s important to read carefully through policies before making your decision.
Trip cancellation insurance
Trip cancellation insurance is a type of travel insurance that covers the expenses you have to pay if your travel plans are disrupted. For example, if you’re caught up in bad weather or there’s an accident on your trip, or if you encounter a natural disaster like flooding or earthquakes.
The most common types of trip cancellation insurance are emergency evacuation coverage and medical/dental coverage. Both types of coverage are designed to help you get back home as quickly as possible and get reimbursed for any expenses you incurred during your trip.
Trip cancellation insurance is a type of travel insurance that covers the cost of your trip should you have to cancel it.
This is common with any travel insurance policy, but if you’re traveling overseas and don’t have access to your home country’s health care system, trip cancellation insurance can be especially valuable.
If you need medical attention abroad, you may have trouble accessing treatment in your own country. Trip cancellation insurance will cover any expenses associated with having to cancel or interrupt your trip due to illness or injury abroad.
Trip interruption insurance
Trip interruption insurance is a type of travel insurance that pays for lost income if you are unable to work because of an unexpected trip cancellation. Trip interruption policies also protect you against other expenses, such as medical bills, lost belongings, and travel expenses.
Trip interruption policies typically include coverage for accidental death or dismemberment (AD&D), loss-of-use, and medical expenses due to injury sustained while traveling. They may also offer coverage for accidents on the job or at home.
If you have trip interruption insurance, it will cover you if your trip is delayed or canceled by:
- An act of God (such as a natural disaster)
- War or political instability in a foreign country
- Sudden illness or injury
- Other circumstances beyond your control
Baggage insurance is a very important part of your travel insurance. Baggage insurance covers any loss or damage to baggage you are carrying, whether it’s in transit with you or at the destination.
Baggage insurance will cover you for:
- The cost of replacing lost or damaged baggage
- Replacement of lost or damaged contents in checked baggage
- Repair fees if your checked baggage is damaged while being transported by air
- Airlines can be expensive, so it’s important that you have enough money in your travel wallet to pay for changes and repairs to your checked bags.
Baggage insurance is a form of travel insurance. This type of insurance covers all your baggage, including the contents of your hand luggage and checked-in luggage.
Baggage insurance can be useful if you are traveling on business and need to carry expensive or delicate items such as laptops, cameras, and jewelry. You should check with your travel insurer whether they offer this kind of cover before you buy your ticket or use their website to find out more details about their products.
Travel delay insurance
Travel delay insurance is a type of medical insurance that covers you for missed flights, train delays and other problems that can cause you to miss your destination.
Travel delay insurance is also known as delayed departure coverage or non-refundable travel expenses. This type of policy pays for things like lost luggage and flight delays, but it does not cover medical expenses related to sickness or injury.
The most common types of travel delay insurance policies include:
- Departure delay: Covers your trip if you don’t make it to your destination on time due to weather conditions or transportation issues such as a bus strike or train derailment that causes delays.
- Arrival delay: Covers your trip if you don’t arrive at your destination on time due to weather conditions or transportation issues such as a bus strike or train derailment that causes delays.
- Crossing delay: Provides coverage if you miss connecting flights due to long security lines at the airport, missed connections between airports, flight cancellations, and delays caused by inclement weather (i.e., bad weather).
Travel delay insurance is an optional extra that protects you from loss of wages or income, as well as other financial losses, such as medical expenses if your trip is delayed by more than 24 hours. If you’re unable to start your trip, the policy will help with your costs of accommodation and repatriating yourself home.
Emergency medical treatment insurance
Most travel insurance policies are designed to cover you if you become ill or injured while traveling. You can usually claim emergency medical treatment directly with your insurer.
However, if you have a pre-existing condition, or are receiving treatment for a pre-existing condition before the time of your trip, it’s important to check whether the policy will provide cover. Some policies will not provide any coverage at all if you have a pre-existing condition.
It’s also worth noting that while most policies do cover emergency medical costs in some way, they won’t necessarily cover everything. This includes costs associated with hospital stays, as well as transportation to and from the hospital. If your health deteriorates during your trip, you may be responsible for paying these costs yourself.
Emergency evacuation insurance
Emergency evacuation insurance is a form of travel insurance that covers you when you need to leave an insured destination in a hurry. It’s designed to cover your costs if you have an emergency and no one else can take care of it for you.
Emergency evacuation insurance can be as simple as covering your airfare back home, or it can provide coverage for things like medical expenses and hotel accommodations.
An emergency evacuation policy also covers you if you’re medically unfit to fly but have no choice but to travel. This is useful for those who suffer from heart disease or cancer, for example, and need to get home urgently for medical treatment.
Emergency evacuation insurance is a type of travel insurance that can help you cover the cost of repatriation and emergency medical care if you need to fly home due to an accident or illness during your trip.
Emergency evacuations are covered by many policies, but they may not include coverage for pre-existing conditions like a heart attack, stroke, or other serious health problems. If you have one of these conditions, make sure that your policy covers pre-existing conditions and get a copy of your policy before traveling.