Travel Insurance - An Overview

By insurance in travel insurance

Aug 22

What is travel Insurance?

It is a kind of insurance that provides coverage for consequences associated with journey. It is typically purchased when a person is going for booking of a trip. It usually provides coverage for the duration of a trip. But you can also purchase extensive or continuous policy from travel insurance companies, agents, or directly from operators. One drawback to buy policy from operators is that it does not provide good coverage as compared to policies offered by insurance companies.

Major Coverage Provided

Major coverage provided by any policy includes Trip Cancellation, Trip Interruption, Lost Luggage, Default protection.

Trip Cancellation

Traveler may need to cancel the trip due to unexpected conditions and illness.

Trip Interruption

Trip may be suddenly terminated due to illness or unavailability of hotel.

Lost Luggage

Traveler may lose his luggage and he has to face extra expenses.

Default Protection

Trip cancellation due to sudden stop of services of tour operator.

Who can get the policy?

It provides coverage for different kinds of travelers. Traveling groups that can get coverage by travel insurance policies are as follows:

Student, Business, Leisure, Adventure, Cruise and International travel.

Risks Covered by Good Policy

A good policy must cover the following risks.

-Medical expenses
-Emergency evacuation/repatriation
-Overseas funeral expenses
-Accidental death, injury or disablement benefit
-Cancellation
-Curtailment
-Delayed departure
-Loss, theft or damage to personal possessions and money (include legal documents such as passport, tickets etc.)
-Delayed baggage (and emergency replacement of essential items)
-Legal assistance
-Personal liability and rental car damage excess

Additional Coverage that can be purchased from Travel Insurance Company

Additional cost coverage is also provided by some policies. But this depends on the policy provider. Separate policy can be purchased for certain risks that are not covered in common policies. These risks include:

- Preexisting medical conditions( e.g. Asthma, diabetes)
- High risk Sports (e.g. Skiing, scuba-diving)
- Journey to high risk countries ( e.g. war, natural disasters or terrorism)
Common Risks that are not considered by Travel Insurance Policies
- Preexisting medical conditions are normally not covered
- Pregnancy related expenses are also not considered
- Accidents or illness due to use of alcohol or drugs is left uncovered in most policies.
- War or terrorism is also not covered in policy but some plans also cover this risk.

Travel insurance companies offer their services 24 hours a day, 7 days a week. These services include full staff support and emergency tour assistance. It comprises 5-7% of the total cost

Author Celine Dan tried to make you understand about the travel insurance. If you are interested to get more information about travel insurance just visit this site: http://www.topcompanyreviews.org/onlinetravelinsurance.php - it will provide you more information about travel insurance.

Celine_Dan