Travelers always hope for the best, but they should also consider how to handle the unexpected. Travel accidents, medical emergencies, and other disasters may cause financial loss, even though no one wants to think about them. Fortunately, there are ways to minimize these risks and keep you on track when traveling.
How Does Travel Insurance Work
There are several types of travel policies available, with each providing coverage for specific trips and activities. You should choose the appropriate travel insurance to suit your needs and budget.
Coverage of pre-existing conditions
Most companies consider your medical history when deciding whether to approve a policy. The "look-back period" varies by company but is usually 90 days up to a full year. If you don't disclose your health condition, you may be required to pay a higher premium.
Flight cancellation and delays
Most comprehensive policies cover cancellations due to illness, inclement weather or other unforeseen events. This coverage could be a lifesaver as it will help pay for hotel rooms while you are waiting for the flight to rebook.
Emergency assistance for lost luggage
In the event that your bags are lost or you need medical attention in an emergency, you'll need to find the nearest hospital for treatment. This expense will be covered by a comprehensive travel insurance policy up to its limits.
Missed connection
When your travel plans go awry, missing a connecting flight can be a nightmare. But if you have trip insurance, you can file a claim for missed flights, cruises or other transportation connections. You can get help paying for hotel rooms, meals or any other expenses you may incur until your flight has been rescheduled.
Emergency dental and medical care abroad
Your travel insurance policy may cover some of the costs associated with a medical insurance plan abroad that you already have. This coverage is not included in most insurance packages and is considered an add-on.
Accidental death
If you have an accident while traveling, your travel insurance may cover the costs of funerals. The insurance can help your beneficiaries get their money back.
When filing a claim you'll have to provide proof of your situation, such as medical bills or statements from your airline. Your insurance company will check your medical records and reimburse you.
It is important to buy travel insurance along with your plane tickets. This ensures that you will have all the coverage needed for your trip. This is especially true when you're planning a vacation.
You can buy travel insurance from an insurer directly or online
Most major travel agencies sell policies, but you can also buy one from most supermarkets, banks or online retailers. You can purchase travel insurance in addition to other travel arrangements such as a travel package offered by an airline or agent.