Travelers always hope for the best, but they should also consider how to handle the unexpected. It's not pleasant to consider that travel accidents, emergencies medical and other disasters are likely to cause substantial financial losses. There are many ways to keep yourself safe and minimize the risks when you travel.
What is Travel Insurance?
There are many types of travel insurance to choose from. Each one covers different trips and activities. It's important to choose the right type of travel insurance for your needs and budget, and to make sure you're fully covered when you leave home.
Coverage of pre-existing conditions
Before approving a travel insurance policy, many companies review your medical history. This is called a "look-back" period and varies from company to company, but it's usually around 90 days to a year. This is also important because you could be charged more if your condition was not disclosed during this period.
Flight cancellation and delays
Most comprehensive insurance policies will cover cancellations & delays due to illness or weather. This coverage can be a lifesaver, as it can help you pay for a hotel room while waiting for your flight to rebook.
Emergency assistance for lost luggage
In case your luggage goes missing or you are in need of emergency medical care, it is important to reach the nearest hospital. 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. You can make a claim if your trip insurance covers missed flights, cruises, or other transportation connections. You may be covered for the cost of your hotel stay, meals, or other expenses until you can reschedule your flight.
Dental and medical emergency abroad
If you have a health insurance plan that covers you abroad, but you have to pay up front for a procedure or an overnight stay, your travel insurance policy can help cover the cost. The coverage you receive is supplemental, and it may not even be included in the insurance package. But it's still worth investigating.
Accidental death
If something unfortunate happens while you are on a vacation, travel insurance could help pay for funeral expenses. You can get money to your beneficiaries.
While filing a claims, you'll be required to provide evidence of your situation. For example, a hospital bill or statement from your airline. The insurance company then checks your medical record to reimburse you.
The best way to get the travel insurance you need is to purchase it at the same time you buy your tickets. This is true, especially if you plan to go on a trip or vacation.
Purchase travel insurance online or directly from the insurer
Most major travel agencies sell policies, but you can also buy one from most supermarkets, banks or online retailers. You can add travel insurance to other travel plans such as package deals from your airline or travel agent.