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Travel Insurance

4 types of travel insurance coverage

The hardest part of purchasing travel insurance is knowing which type of plan to choose. You’ll find a wide selection of protection plans from various providers at different costs, making the process hectic and overwhelming. To help you decide, here are four of the most common types of coverage.

1. Travel medical insurance

This plan covers expenses for medical emergencies such as accidents, evacuations and repatriations. For example, if you get injured while horseback riding, a travel medical insurance plan pays for transporting you to the nearest hospital.

When purchasing travel medical insurance, it’s vital to ask your provider what’s covered. Some insurers don’t cover certain recreational activities, especially adventure or competitive sports.

2. Trip cancellation, interruption and delay

Most companies don’t offer refunds on prepaid services, and this is where a trip cancellation policy comes in handy. Generally, this cover reimburses you for non-refundable expenses for reasons outlined in your policy.

For instance, if you have to cancel a trip due to illness and this is a covered reason, you’ll get back the full amount for any booked flights or accommodation. Other trip cancellation reasons providers will cover include:

• The death or illness of a family member who’s not travelling with you
• Natural disasters, e.g., if your flight gets delayed due to harsh weather

However, you can get additional coverage by purchasing the Cancel for Any Reason policy at an extra cost.

3. Baggage and personal belongings

This cover reimburses you for personal belongings and baggage that’s stolen, lost or damaged during your trip. Although your homeowner’s or renter’s insurance may cover personal belongings while you’re travelling, it may not provide the right level of coverage.

You’re better off purchasing personal belongings coverage to cushion yourself from financial losses during your trip.

4. Rental car coverage

If you plan on renting a vehicle during your trip, it’s advisable to get rental car coverage. This will cover any repairs if your car gets damaged in a wreck, natural disaster, or by vandals.

Unfortunately, your rental car coverage may not include liability insurance, which covers the damage caused to other cars and medical treatment for other injured parties. So ask your insurer what they cover.

Search Compare Insurance today to find the right international travel medical insurance plan for you.

Photo: Free image by Pixabay
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Travel Insurance

What are the benefits of travel insurance?

When you’ve booked your flights, hotel and airport transfers, there is one more consideration to keep in mind. Taking out a cruise travel insurance policy before you set off can be extremely important for a variety of reasons. If your holiday is cancelled, if something goes wrong during your trip or if you fall ill when you are abroad, travel insurance can provide you with an essential safety net.

You may not want to think about the things that could go wrong during your holiday, but it is always important to plan ahead. So what are the main benefits of travel insurance and why should you never set off on holiday without it?

Protects against cancelled trips

If an unforeseen event occurs, causing the cancellation of your trip, it can be disastrous to lose hundreds or even thousands of pounds. Cancellation can occur for a variety of reasons, such as an unexpected illness affecting one of the travellers or any other event which prevents you from going. In many cases, your package provider, hotel or airlines may not be able to refund the money. Therefore, having a trusted trip cancellation insurance policy allows you the recourse to recover your funds and not be left out of pocket.

Of course, it is extremely important to check whether or not your policy covers cancellation in the event of certain acts of God, such as earthquakes, wars, hurricanes or tornadoes, as some policies exclude these from the terms.

Protect your belongings

If your luggage goes missing during your travels, you lose a treasured item or you are the victim of a theft, having travel insurance means that you can claim the value of the items that you have lost. This will give you peace of mind and allow you to enjoy a stress-free trip.

A lifeline in the case of illness or injury

Falling ill or having an accident during a foreign holiday is a disconcerting thought. However, when you are covered by an insurance policy, you can rest easy knowing that your medical expenses will be covered. Even repatriation may also be covered, so whatever happens, you will remain financially protected and you won’t be left with vast and unaffordable medical bills.

Find the best travel insurance for your trip today.

Photo: Free image by Pixabay