Travelers always hope for the best, but they should also consider how to handle the unexpected. It's not pleasant to consider that travel accidents, emergencies medical and other disasters are likely to cause substantial financial losses. There are many ways to keep yourself safe and minimize the risks when you travel.
How does Travel Insurance work?
There are a variety of travel insurance policies to choose from, and each one offers coverage for different trips and activities. It's important to choose the right type of travel insurance for your needs and budget, and to make sure you're fully covered when you leave home.
Pre-existing conditions covered by insurance
Most companies consider your medical history when deciding whether to approve a policy. This is called a "look-back" period and varies from company to company, but it's usually around 90 days to a year. If you don't disclose your health condition, you may be required to pay a higher premium.
Flight cancellations and delays
Most comprehensive policies cover cancellations due to illness, inclement weather or other unforeseen events. This insurance can save you money by paying for a hotel in order to wait for your flight.
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. Most comprehensive travel plans will cover these costs up to the limits of their policies.
Missed connection
When your travel plans go awry, missing a connecting flight can be a nightmare. If you are covered by trip insurance, then you can file for compensation if you miss a flight, a cruise, or any other form of transportation. This coverage can help you pay for your hotel room, meals or other expenses until your flight is 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 type of coverage is considered supplemental and may not be included in your insurance package, but it's worth looking into.
Accidental death
If something happens to you while you're on a trip, travel insurance can offer coverage to help you pay for the funeral costs. It can also be used to get money returned to beneficiaries.
Documentation of your claim is required, for example a medical statement or a statement issued by your airline. After checking your medical records, the insurance company reimburses you.
Travel insurance is best purchased at the time of booking your flight. This will ensure that you have the necessary coverage for your trip. This is especially true if you're going on a vacation or tour.
Buy travel insurance directly from an insurer or online
You can purchase travel insurance through the majority of major travel agents. It is also available at supermarkets, online retailers, banks and other retail outlets. You can purchase travel insurance in addition to other travel arrangements such as a travel package offered by an airline or agent.