What is Travel Insurance Policy and Travel Insurance Coverage

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Travel Insurance Definition:

Travel insurance is an insurance product to protect you from the risk of losses occurred in misfortune events during domestic and international travels. Main purpose of any kind of “Travel Insurance Policy” covered is associated with trip cancellations and medical expenses. Now a day, online ticket booking websites provides you the travel package along with the travel insurance.

Below tables will guide you Travel Insurance Coverage’s offered by some of the insurer. Here you will get the basic idea about what are the things that need to be considered when buying travel insurance policies.

Feature Basic Coverage Deluxe Coverage
Flight / Trip Cancellation 100% 100%
Trip Interruption / Stoppage 100% 150%
Emergency & Sickness Medical Expense Included Included
Baggage Delay Included Included
Trip Delay Included Included
Emergency Evacuations or Medically Necessities Included Included
Renter’s Collision Insurance (For Liability) Included Included
Passport Lost / Replacement / Visa Info Included Included
Medical & Legal Assistance Included Included
Children Under 17 One Per Covered Adult All Free
Cancel for Any Reason None 75% of Trip Cost
Assistance on ID / Credit Recovery None Included
Pre-Existing Medical Condition None Included
Missed Connection Flight / Trip None Included
Accidental Death & Dismemberment (AD&D) None Included
Pet Care None Included
Political Evacuation None Included

Mostly Flight / Trip cancellation or disruption coverage. This includes due to Sickness, Weather, Pre-existing medical condition, Injury, Pregnancy, Job loss, Terrorist attack, Death or hospitalization, Hijacking, Natural disaster, etc. Some other events that might cover under Travel insurance includes lost or stolen of baggage or cost of ransom in case of kidnapping or damage to the rental assets like rental car or rental bike. Different travel policies have different coverage depending upon states as well. We recommend you to get in touch with your nearest insurance representative to get clarified information on travel insurance coverage.

Five basic things covered under any Type of Travel Insurance Policies are:

List of “Top 5 coverage of Travel Insurance” offered by insurance companies:

1. Flight / Trip Cancellation Coverage:

There are many expenses non-refundable and pre-paid when you plan a trip. For example: Tour Package, Hotel Rooms, Cruise Fare, etc. Under Flight / Trip Cancellation Coverage, you can claim for non-refundable or pre-paid expenses in case trip is cancelled.

2. Medical Expenses Coverage:

People believe that by purchasing general Medicare or health care insurance you have protected yourself for any medical emergencies or expenses. But this fact is not true. Within United States its true but mostly general Medicare insurance policies does not cover medical expenses incurred abroad. Under Medical Expenses coverage, you will be covered for any Emergency / Accidents / Dental Care or Medical expenses when travelling abroad

3. Emergency Evacuation Coverage:

Under Emergency Evacuation Coverage you will be covered for emergency evacuation expenses. For example: Transportation to your hospital of choice for care or Airlifts and Medically Equipped Flights to travel back to home.

4. Lost / Delayed Bags or Delayed Flights Coverage:

  • Under Baggage Coverage, you can claim for Lost / Stolen / Damage of your personal belongings.
  • Under Baggage Delay Coverage, you can claim for purchasing essential items until your bags are arrived. For example: Swimsuit, Clothes, Toiletry kit, etc.
  • Under Travel Delay Coverage, you can claim for expenses in case your Trip / Flight is delayed. For example: stay at hotel, restaurant bills, etc.

5. Phone Assistance 24/7 worldwide Coverage:

Every travel insurance companies provides 24/7 support to their insured customer for all of their queries. This is a lifeline number for any assistance. You can call for services during:

  • Lost / Stolen / Replaced Baggage.
  • Lost Passports / Travel Documents.
  • Cancelled Flights / Delayed Flights.
  • For any Medical Emergencies.
  • To locate nearest hospital for care.
  • To arrange for medical treatment or transportation.
  • Or any other assistance you required during travelling.

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