Travelers always hope for the best, but they should also consider how to handle the unexpected. Even though it's not something we like to think about, accidents on the road, medical emergencies, or other disasters could cause significant financial losses. There are ways to reduce these risks, and stay on track while traveling.
How Does Travel Insurance Work
There are many types of travel insurance to choose from. Each one covers different trips and activities. You should choose the appropriate travel insurance to suit your needs and budget.
Pre-existing Conditions Covered
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 delay
Most comprehensive travel policies will cover cancellations, delays and weather-related issues. This coverage is invaluable, since it allows you to cover the cost of a hotel while you wait for your flight.
Find lost luggage and get emergency assistance
You will need to go to the nearest hospital if your luggage is lost or if you require emergency medical treatment. Travel insurance will usually cover the cost of this up to policy limits.
Missed connection
A missed connecting flight when traveling can be a major problem. But if you have trip insurance, you can file a claim for missed flights, cruises or other transportation connections. This coverage can help you pay for your hotel room, meals or other expenses until your flight is rescheduled.
Emergency medical and dental 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
Travel insurance will cover funeral expenses if you are injured while on vacation. It can also be used to get money returned to beneficiaries.
You'll need to provide documentation of your situation while filing a claim, such as a medical bill or a statement from your airline. The insurance company will then check your medical record and 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 especially true if you're going on a vacation or tour.
Purchase travel insurance online or directly from the insurer
You can purchase a policy from any major travel agent, or you can get one online, at your local supermarket, bank, or other retailer. Travel insurance is available as an addition to your other travel arrangements, such as those offered by your travel agent or your airline.