While every traveler wishes for the best on their trip, it is important to plan how you will handle the unexpected. While no one likes to think about it, travel accidents, medical emergencies and other disasters can cause significant financial losses. Fortunately, you can minimize these risks to stay on track and avoid any mishaps.
How Does Travel Insurance Work
Travel insurance comes in many different forms, each offering coverage for a specific trip or activity. Choose the best travel insurance policy for your budget and needs to ensure you are fully covered.
Pre-existing Conditions Covered
Many companies look at your medical records before approving your travel insurance policy. This is called a "look-back" period and varies from company to company, but it's usually around 90 days to a year. This is also important because you could be charged more if your condition was not disclosed during this period.
Flight cancellation and delays
Most comprehensive policies cover cancellations due to illness, inclement weather or other unforeseen events. This coverage can be a lifesaver, as it can help you pay for a hotel room while waiting for your flight to rebook.
Emergency assistance for lost luggage
In case your luggage goes missing or you are in need of emergency medical care, it is important to reach the nearest hospital. Travel insurance will usually cover the cost of this up to policy limits.
Missed connection
It can be a nightmare if your travel plans fail. Trip insurance will cover missed flights, cruises and other transportation connections. This insurance can cover your hotel costs, meals, and other expenses up until the flight is rescheduled.
Medical and dental emergencies abroad
If your health insurance covers you abroad but you need to pay for an expensive procedure or overnight stay up front, a travel insurance policy could help you cover the cost. This is an optional coverage that may or may not come with your insurance plan.
Accidental death
If something unfortunate happens while you are on a vacation, travel insurance could help pay for funeral expenses. It can also help you get money back to your 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.
You can get the insurance coverage you require for your vacation by purchasing it along with your airline tickets. This is particularly true if your trip involves a vacation or a touring.
Purchase travel insurance online or directly from the insurer
You can purchase a policy from any major travel agent, or you can get one online, at your local supermarket, bank, or other retailer. You can add travel insurance to other travel plans such as package deals from your airline or travel agent.