Every traveler hopes for the best when taking a trip, but it's important to consider how you'll handle the unexpected. While no one likes to think about it, travel accidents, medical emergencies and other disasters can cause significant financial losses. There are many ways to keep yourself safe and minimize the risks when you travel.
How does travel insurance work?
Travel insurance comes in many different forms, each offering coverage for a specific trip or activity. Travel insurance is important for your needs, budget and to ensure you have full coverage when you depart.
Pre-existing conditions covered by insurance
When it comes to travel insurance, many companies will look at your medical history before deciding to approve your policy. This is called a "look-back" period and varies from company to company, but it's usually around 90 days to a year. It is important to note that if you fail to disclose your medical condition during this period, you might have to pay higher rates.
Flight cancellation and delay
Most comprehensive policies cover cancellations due to illness, inclement weather or other unforeseen events. This coverage could be a lifesaver as it will help pay for hotel rooms while you are waiting for the flight to rebook.
Loss of luggage and emergency assistance
If your bags go missing or you need emergency medical care, you will need to get to the nearest hospital to receive treatment. Travel insurance will usually cover the cost of this up to policy limits.
Missed connection
If your travel plans fall through, missing a connection flight can be a nightmare. If you have trip coverage, you can claim for missed connections, such as cruises, flights or other transport. You can get help paying for hotel rooms, meals or any other expenses you may incur until your flight has been rescheduled.
Emergency Medical and Dental Care Abroad
Your travel policy can help pay for the costs of a procedure, or an overnight hospital stay if your health plan covers you while abroad. This is an optional coverage that may or may not come with your insurance plan.
Accidental death
If you get sick or injured on your trip, you can use travel insurance to cover funeral costs. It can also be used to get money returned to beneficiaries.
While filing a claims, you'll be required to provide evidence of your situation. For example, a hospital bill or statement from your airline. Your insurance company will check your medical records and reimburse you.
The best way to get the travel insurance you need is to purchase it at the same time you buy your tickets. This is particularly true if your trip involves a vacation or a touring.
Travel insurance can be purchased directly online or from an insurer.
You can buy a policy through most of the major travel agents, and you can also purchase one at most banks, supermarkets or other online retailers. You can add travel insurance to other travel plans such as package deals from your airline or travel agent.