What Is Travel Insurance

What Is Travel Insurance



What is​ Travel Insurance?
Many of​ us take out holiday insurance,​ but few know really what it​ is​ and how it​ can be defined. if​ you​ know what is​ included,​ you​ will be able to​ make the​ most of​ your protection.
In general terms,​ holiday insurance protects a​ traveller’s holiday costs against adverse events such as​ cancellation and interruption and also reimburses medical expenses,​ the​ loss or​ damage of​ property and transit delays. Travellers are compensated if​ they have to​ cancel or​ interrupt their travel,​ they will also be covered should they need emergency medical treatment,​ medical evacuation and other situations.
The main categories of​ holiday insurance
Delays and cancellation including curtailment
Delay This reimburses travellers for hotel,​ food or​ clothing expenses in​ the​ event of​ a​ flight delay. Some plans also cover costs associated with catching up with a​ cruise should another delay cause the​ traveller to​ miss embarkation.
Cancellation Reimbursement comes into effect if​ travellers have booked and paid for a​ holiday,​ but are unable to​ embark because of​ personal illness or​ injury,​ death of​ the​ individual or​ of​ a​ family member,​ adverse weather conditions,​ airline strikes,​ terrorism,​ bankruptcy,​ sudden unemployment,​ jury duty or​ by sustaining serious damage to​ their home causing it​ to​ be uninhabitable due to​ fire or​ flooding.
Interruption Insurance companies pay money to​ policy holders abroad if​ they have to​ cut short their trip due to​ illness,​ death of​ the​ traveller or​ a​ family member,​ weather,​ airline strikes,​ terrorism,​ bankruptcy,​ becoming unemployed,​ and other adverse conditions which mean that,​ due to​ events outside the​ control of​ the​ holidaymaker,​ a​ trip has to​ be curtailed.
Medical reasons
Medical and health reasons Reimburses medical and emergency dental costs. Almost all holiday insurance plans work by reimbursing the​ traveller after they have paid locally for treatment. Claims are usually paid within 7 10 days. Preexisting conditions are covered by most policies if​ the​ policy is​ purchased within at​ the​ most 21 days from the​ date the​ traveller made the​ first payment or​ deposit.
Medical evacuation This provides emergency transportation to​ either a​ local hospital in​ the​ event that the​ traveller is​ unable to​ get there by themselves or​ back to​ a​ hospital near the​ traveller’s place of​ residence. if​ family members are covered on​ the​ same policy they can return home also.
Death of​ traveller
Air Flight accident this covers death or​ dismemberment during an air flight only. Usually provides the​ highest amount of​ coverage due to​ fairly low likelihood of​ this occurring.
Common carrier Covers death or​ dismemberment while travelling on​ public transport such as​ a​ plane,​ ferry,​ train bus or​ taxi.
Accidental death covers death or​ dismemberment at​ any time of​ your trip. Usually provides the​ lowest amount of​ coverage due to​ a​ higher risk
Loss or​ damage of​ personal effects
Baggage loss reimburses travellers for lost,​ stolen or​ damaged personal items. This coverage is​ usually restricted to​ the​ duration of​ the​ trip and not confined to​ baggage damaged or​ lost by the​ airline. There are two policy limits,​ total claim and per item maximum. Some policies also place limits on​ the​ type of​ items that can be claimed for such as​ precious jewellery,​ laptops and sporting goods
Rental Car damage Reimburses travellers for damage or​ loss to​ a​ rental vehicle. it​ is​ designed to​ allow the​ traveller to​ decline collision damage waiver CDW coverage offered by the​ car rental companies. Liability coverage should still be purchased through the​ car rental company. Rental Car Damage coverage is​ also often included with the​ credit card used to​ pay for the​ car rental which is​ often matches the​ coverage provided in​ the​ policy.
Assistance services provides a​ 24hour collect telephonel advice and assistance service to​ travellers. This service can be used anytime a​ traveller needs advice. Make sure you​ don’t leave home without it.
In conclusion
holiday insurance is​ the​ one product in​ the​ modern insurancesaturated world that really is​ essential. you​ will not regret taking it​ out,​ but not being insured for your travel mishaps is​ a​ source of​ huge regret for far too many holidaymakers every year.
Don’t leave home without your toothbrush,​ a​ sketch pad,​ a​ bar of​ scented soap and a​ holiday insurance policy!




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