What is Travel Insurance

Trip Cancellation coverage… this will cover up to the cost of your trip if you have to cancel it before you leave.   How much benefit you’re eligible to receive is dependent on how much coverage you purchase.  This part of the coverage will have some reasons for cancellation excluded and you should be aware of them in advance.  Some carriers will provide for cancelling for any reason for an extra premium—although this may not reimburse you for the entire cost of the trip.

Trip Interruption coverage… If you’re trip is cut short for some reason, you won’t be cut short in terms of your investment.  You can be eligible to receive what you paid and more.

Medical Expenses incurred on trip… Much of the value of travel insurance can be found here.  If you get sick or injured while on your trip—you may be eligible to receive up to an amount much greater than simply the cost of your trip/vacation. 

Return of remains and medical evacuation coverage… If the worst possible fate befalls you while out of the country… a Travel Insurance policy could pay to have your remains returned to your country of origin.  You may also receive benefit for an evacuation for medical reasons to a place more capable of providing care for you. 

Baggage and belongings… A travel insurance policy will provide detail with regard to how much benefit you’re eligible to receive if your belongings are lost or stolen.

Accidental Death and Dismemberment…  Can provide benefit to beneficiaries if you’re killed accidentally while on your trip or it can provide coverage if you experience a devastating injury such as loss of a limb. 

Travel insurance can be a good idea if you’ve invested sizably in both time and money in a trip.  It will ensure that you’ll earn the right to be made whole—or mostly whole again financially—in the event your best laid plans go awry.