travel insurance

It’s summertime, which means a lot of people go on vacation, take trips, go on a cruise or yet planning to travel to their dream destination. While planning your long-awaited vacation, the least you want to think about is what can go wrong. One of the best ways to avoid unnecessary stress and be prepared for possible unexpected situations is to buy travel insurance. It will not only ensure your safe travel but also provide various advantages that will be helpful for your trip.

1. Trip Cancellation or Interruption

This section provides financial protection of your flight tickets, hotel costs, and other trip expenses in case something happens and you need to cancel your trip.
Trip Cancellation can refund up to 100% of your trip expenses in case you cancel your trip due to a reason covered by your policy, such as illnesses, injuries, death of a companion or family member and much more. This policy becomes available the second you pay for the premium when buying a Single Trip policy, and from the start date of your choice when purchasing a Multi-Trip policy. This policy provides so many benefits to travelers that usually this is the main reason why people buy travel insurance.

2. Medical Emergencies

Another very important benefit of travel insurance is that it can cover your medical expenses in case you get sick or injured while traveling abroad. Unlike other health insurance plans which typically don’t provide coverage overseas, travel insurance will pay for medical care and transport, including evacuations if needed and much more. However, keep in mind that some policies will not cover pre-existing conditions.

3. Loss, Damage or Theft

Travel Insurance also provides coverage for your personal belongings that are lost, damaged, or stolen during your trip, including such items as laptops, cameras, other technology as well as your passport and travel documents. Moreover, travel insurance will compensate for the costs of your essential items and clothes in case your luggage is delayed for more than 12 hours. Keep in mind that the coverage for lost or damaged luggage is limited to a per item maximum, typically ranging from $250-$500. However, if you travel with more expensive items, then you need to insure them separately with your homeowner’s insurance policy.

4. Personal Accident

Of course, thinking about what could go wrong on your vacation is not the most pleasant thing to image; however, it is important to know travel insurance also includes coverage for accidental injury or sudden death. In case one of those situations happen during your trip, you or your loved ones will be eligible for a set benefit covered by your travel insurance. You will also be covered in case you damage someone’s belongings or cause harm to them in some way.

5. Legal Expenses and Advice

Most travel insurance plans can help to cover legal expenses relating to personal accidents and liability that may happen during your vacation. Moreover, in case you need legal advice regarding your trip, or you need help pursuing a legal claim, then you should know that most travel insurance companies additionally offer 24-hour travel assistance to help their customers deal with unexpected emergencies that arise while on vacation. However, remember that travel insurance plans and policies can vary from company to company, so to avoid misunderstandings and confusions, make sure to learn everything about the product you’re buying beforehand.

If you want to learn more about travel insurance, read our other blog posts or simply contact us.