Travel insurance over 70 products vary from provider to provider. Therefore, the losses they cover are not always the same.
In this post, we take a look at what your policy might cover, and what it might not.
Travel insurance usually covers cancellations. Cancellations occur when you need to cancel some aspect of your trip, usually because of circumstances outside of your control.
Cancellations cover cancelled tour packages, aeroplane tickets, cruise fares, and hotel rooms. Mostly, they only apply if you cancel for qualifying reasons. For instance, they might cover cancellation costs if you lose your job, get sick, or can’t travel because of adverse weather.
Some travel insurance policies will cover you for any reason, though they tend to be more expensive.
Medical emergencies overseas
Travel insurance also usually covers the cost of medical care overseas. If you don’t have this cover, you may have to pay out-of-pocket. And, depending on where you go and the medical attention you require, that could be expensive.
Travel insurance often covers lost, stolen, or damaged baggage as well as compensates for any delay in receiving your items.
You may experience a health emergency while abroad. If so, evacuation coverage helps. This cover pays for emergency travel arrangements related to your medical care.
You can activate the emergency evacuation clause on your policy if your health deteriorates beyond a certain point, usually defined by local medical personnel. Coverage may include ambulance trips to the hospital, airlifts to better-equipped facilities, and flights back home.
Please note that evacuations can be exceptionally expensive – often reaching $50,000 or more.
Travel arrangements and plans can go wrong while you are abroad. Because of this, many travel insurers offer 24/7 assistance, anywhere in the world. These services can help you if you need to get medical transportation, find your baggage, or locate a lost passport.
Lastly, some groups of travellers require additional coverage to protect them against losses. For instance, if you are travelling to a dangerous part of the world, you may require life insurance. You may also benefit from hazardous sports cover which covers any medical costs you incur as a result of scuba diving or sailing accidents.
Find an insurance policy to suit your needs at Compare Insurance today.