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?
You can choose between a range of policies that cover different activities and trips. 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.
Pre-existing condition coverage
When it comes to travel insurance, many companies will look at your medical history before deciding to approve your policy. This "look-back" time period varies depending on the company. But it is typically between 90 and a year. If you don't disclose your health condition, you may be required to pay a higher premium.
Flight cancellations and delays
Most comprehensive insurance policies will cover cancellations & delays due to illness or weather. 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
You will need to go to the nearest hospital if your luggage is lost or if you require emergency medical treatment. Most comprehensive travel plans will cover these costs up to the limits of their policies.
Missed connection
A missed connecting flight when traveling can be a major problem. Trip insurance will cover missed flights, cruises and other transportation connections. You may be covered for the cost of your hotel stay, meals, or other expenses until you can reschedule your flight.
Emergency dental and medical care 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. It is possible that this type of coverage may not be part of your insurance package. However, it is worth checking into.
Accidental death
If you get sick or injured on your trip, you can use travel insurance to cover funeral costs. It can also help you get money back to your beneficiaries.
Documentation of your claim is required, for example a medical statement or a statement issued by your airline. After checking your medical records, the insurance company reimburses 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 especially true if you're going on a vacation or tour.
Purchase travel insurance online or directly from the insurer
You can purchase travel insurance through the majority of major travel agents. It is also available at supermarkets, online retailers, banks and other retail outlets. You can add travel insurance to other travel plans such as package deals from your airline or travel agent.