Travel protection insurance covers unexpected events that may affect a vacation, including illness, lost baggage, terrorism, and missed flights. It’s important to read policies carefully, including pre-existing medical condition provisions and exclusions. While it may not be necessary for short domestic trips, it can be a wise investment for international travel or cruises. Comparing policies from different companies is recommended to find the best deal from a financially stable and reputable company.
Travel protection is travel insurance designed to protect travelers when an unusual event affects your ability to start or complete a vacation. These events could include becoming seriously ill before departure, becoming ill while on vacation, and needing medical transportation while traveling. Other options may include compensation for lost or stolen baggage, disruptions due to terrorism and disruptions due to missed flights. Travel protection policies are often offered as a package that includes several benefits. It’s important to read a policy carefully before making a purchase to understand exactly what is and isn’t covered, and to understand what pre-existing medical condition provisions the contract includes.
Taking a vacation can be a serious financial investment. Travel protection insurance offers a way to be reimbursed for some, if not all, of the costs of an interrupted trip. While it may not be a good investment for a short domestic vacation, travel protection insurance can be a wise purchase if you are traveling internationally or taking a cruise.
You should read a travel protection policy carefully, including the fine print. What a policy doesn’t cover is almost as important as what the policy does cover. For example, if the holiday will be spent in an earthquake prone area and the policy does not reimburse travelers for the holiday interrupted by earthquakes, the traveler may not be able to recoup the investment made in the holiday in the event of an earthquake. Also, verbal assurances of benefits should be ignored. If a benefit is not written, the benefit does not exist.
Another important part of any travel protection insurance is the provisions that exclude pre-existing medical conditions. Travel insurance will generally pay an indemnity if illness cancels a holiday, but will not pay an indemnity if that illness is a pre-existing condition specifically excluded from the policy. Read the policy carefully, especially regarding the number of days that can pass between the time you develop an illness or medical condition and your travel date.
Also, before purchasing travel protection insurance, a traveler should compare policies from different companies to get the best deal possible. The traveler should compare all contract options with other policies before choosing travel insurance. Also, the company you choose should be financially sound and have a good reputation.
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