While every traveler wishes for the best on their trip, it is important to plan how you will 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 a variety of travel insurance policies to choose from, and each one offers coverage for 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 for pre-existing conditions
When it comes to travel insurance, many companies will look at your medical history before deciding to approve your policy. 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 insurance policies will cover cancellations and delays due to illness, weather or other unforeseen circumstances. This coverage is invaluable, since it allows you to cover the cost of a hotel while you wait for your flight.
Lost luggage and emergency assistance
You will need to go to the nearest hospital if your luggage is lost or if you require emergency medical treatment. The policy limits will most likely be covered by comprehensive travel insurance.
Missed connections
It can be a nightmare if your travel plans fail. 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.
Dental and medical emergency abroad
Your travel policy can help pay for the costs of a procedure, or an overnight hospital stay if your health plan covers you while abroad. 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 something unfortunate happens while you are on a vacation, travel insurance could help pay for funeral expenses. The insurance can help your beneficiaries get their money back.
If you want to file a claim with your insurance company, you will need to submit documentation. This could be a medical invoice or a statement of 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 true, especially if you plan to go on a trip or vacation.
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.