TRAVEL INSURANCE
What is Travel Insurance?
Travel insurance is a plan you purchase that protects you from certain financial risks and losses that can occur while travelling. These losses can be minor, like a delayed suitcase, or significant, like last-minute cancellations or overseas medical emergencies.
Many Insurers can arrange medical treatment in an emergency, monitor your care, help replace lost passports, and so much more.
Travel insurance plans recently started to exclude pandemic-related coverage, such as flights and hotels cancelled due to a rise in cases. As a result, the insurance will not cover the costs of cancellations in this case.
What is covered?
Travel insurance has a range of coverage, the insurance will pay for whatever is lost, expenses, accommodation and even medical,due to any reasons bellow:
- Trip cancellation -Due to a sudden emergency or weather
- Lost Baggage
- Travel delay/Missed Connection-(accommodation, expenses and transfer flight will be covered)
- Baggage delay
- Lost Passport/Personal cards
- Medical emergency while travelling
- Rental Car damage
- Home care deposit (in case there is a fire or burglary while travelling at home)
- Personal Liability -A third party injury caused by Policyholder by accident
What should you know?
Travel insurance is designed to protect the insured against unpredictable events, which means it is meant to be bought before an event occurs. Although during Covid times, travel insurance will not cover any travel disturbance caused by Covid-19, due to the rise of the pandemic and changes being too often past 2 years.
Also, it is best to buy the plan when booking the trip so one is eligible for coverages that apply prior to departure. For example, if one gets sick before the flight they will not lose any money and be redeem the travelling costs back.
A regular health insurance provider most likely will not cover medical expenses when travelling out of the country or it may be limited. That means if injured or sick, the medical costs will likely be paid for by you without travel insurance. That’s why Travel insurance can help one save thousands of dollars.
LATEST PUBLICATIONS
Top 5 Asia Travel Destinations For This Easter
Easter holidays are a week away - It’s time to go travelling! We all need a break after working hard for these long three months. If you haven’t booked a holiday yet, there is still time, but where to go & what kind of holiday? Asia travel trips are one of the best ways to have a great easter holiday and may not cost as much for a long weekend. Many countries in Asia are great during the easter season. There are countless benefits of travelling, especially in Asia. Travelling alone or with family can be full of amazing [...]
Reasons To Purchase Group Travel Insurance for Your Business
Business trips are common in various industries, from client meetings, seminars to business conferences. Each trip typically consists [...]
10 Travel Tips That Will Make Your Holiday Smooth in 2022
Fingers crossed! Travelling seems to be on its way to becoming normal, like before. Unfortunately, millions of trips [...]
Top 5 Asia Travel Destinations For This Easter
Easter holidays are a week away - It’s time to go travelling! We all need a break after [...]