Travel insurance offers various packages for single trips, business trips, and medical emergencies. It covers cancellation, lost baggage, medical expenses, and accidental death. Third-party insurance may be necessary, and credit card companies may offer coverage. Children under 16 are usually covered.
Travel insurance is available in many packages to ensure your peace of mind while travelling. Package policies are issued for a single trip, which could be a cruise, tour, flight, rental home, or other type of trip. These types of policies generally cover cancellation, lost or delayed baggage, medical and dental expenses, emergency evacuation, travel delay, round-the-clock traveler assistance, and accidental death. Other available options include flight insurance, coverage for children and/or collision damage coverage on rental cars.
A business travel insurance policy provides coverage for a single business trip or multiple trips made within a year. This type of insurance covers trip cancellation, identity theft and concierge services. Because many business travelers attend conferences or trade shows, these policies may also include coverage for loss or damage to laptops, cell phones, or booth setups.
Other travel insurance policies include medical policies, medical evaluation policies, flight accident policies, major medical policies, and accidental death policies. Some travel medical policies cover evacuation, flight, accidental death, some baggage and trip interruption. Other medical travel insurance policies are valid for multiple trips during a year, with restrictions on the length of individual travel. To be covered in the event of a serious illness or injury while travelling, a medical evacuation policy will provide emergency transportation to a hospital or other treatment facility. Accidental Death and Dismemberment (AD&D) policies can be written both for travelers embarking on a single trip, and on an annual basis for individuals, companies, or groups.
Some travel gurus recommend purchasing your travel insurance from a third party to protect yourself against any losses that may arise from your travel provider. Some regular insurance policies may cover certain events that occur during your trip. Check before deciding whether to buy travel insurance or how much to buy. Credit card companies often cover all purchases made with their cards. Your health insurance company may or may not cover your medical care, but it will most likely be on a reimbursement basis. A homeowner’s policy may cover personal items and clothing in the event of lost luggage.
In general, children under the age of 16 are covered by travel insurance if the accompanying family member is covered, but be sure to check with your particular policy. If a person is traveling with a companion who cancels their trip and this causes the remaining person to incur higher rates, some travel insurance plans will pay for the upgrade to single accommodations.
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