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 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.
Pre-existing condition coverage
Many companies look at your medical records before approving your travel insurance policy. It's called a "look back" period, and it varies from one company to another. However, the average is 90 to 120 days. If you don't disclose your health condition, you may be required to pay a higher premium.
Flight cancellation and delay
Most comprehensive travel policies will cover cancellations, delays and weather-related issues. This coverage could be a lifesaver as it will help pay for hotel rooms while you are waiting for the flight to rebook.
Lost luggage and emergency assistance
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. The policy limits will most likely be covered by comprehensive travel insurance.
Missed Connection
If your travel plans fall through, missing a connection flight can be a nightmare. If you have trip coverage, you can claim for missed connections, such as cruises, flights or other transport. You can get help paying for hotel rooms, meals or any other expenses you may incur until your flight has been rescheduled.
Dental and medical emergency 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 get sick or injured on your trip, you can use travel insurance to cover funeral costs. The insurance can help your beneficiaries get their money back.
You'll need to provide documentation of your situation while filing a claim, such as a medical bill or a statement from your airline. Your insurance company will check your medical records and reimburse you.
Travel insurance is best purchased at the time of booking your flight. This will ensure that you have the necessary coverage for your trip. It's especially important if you are going on vacation or a tour.
Buy travel insurance directly from an insurer or online
You can purchase a policy from any major travel agent, or you can get one online, at your local supermarket, bank, or other retailer. You can also purchase travel insurance as an add-on to your other travel plans, such as a package deal from your travel agent or airline.