When you book a trip for hundreds or thousands of dollars, it makes sense to purchase travel insurance. An important feature of travel insurance is that it provides coverage against various risks associated with travel and unexpected medical expenses incurred during trips. The goal is to protect your investment if you have to cancel or cut short your journey due to weather, illness, or a government shutdown, among other factors. Other benefits may include reimbursement for lost luggage or medical care while abroad. The following are ten benefits of Travel Insurance for travelers:
Trip Cancellation
As the name suggests, this benefit protects you from unforeseen events by reimbursing any non-refundable trip costs you have already paid. If you’re sick or injured, your flight is canceled due to natural causes, or you’re involved in a traffic accident, you may qualify for a cancellation benefit, but be sure to check your policy in detail.
Trip Delay
Should you be delayed on your way to or from your destination, the trip delay benefit will cover interim expenses such as accommodations and transportation.
Missed Connection
The missed connection benefit typically covers expenses needed to join departed cruises when your flight is canceled or delayed if you have purchased a trip cancellation plan to cover the cost of your cruise.
Medical Expenses
In most cases, Travel Insurance is purchased to cover unforeseen medical expenses during the trip. The insurance company reimburses expenses up to the limits specified in the policy in the case of an accident, dental treatment, or medical treatment. Some insurance companies offer cashless therapy through a network of hospitals in different countries. In addition to providing help to the insured, the Travel Insurance company also offers assistance. It is one of the most significant benefits of Travel Insurance.
Personal Liability
Liability insurance covers damage caused by the insured. This part of Travel Insurance provides compensation if a third party is injured during your travel, especially when traveling abroad. Liability can arise from damage to property or injury to a person. There are different types of coverage available depending on the product.
Legal Expenses
Travel insurance plans include a legal expenses section that will help you cover the costs of legal advice if you are injured abroad by someone. A 30-minute complimentary phone consultation with a solicitor is often included with this section of your policy after you pay an excess.
Emergency Reunion
After suffering a severe illness or injury and being transferred to another healthcare provider, most travel plans will cover the cost of a round-trip ticket for a close relative to come to visit you for a short time.
Lost Luggage
You’ll be covered for the loss of your checked luggage with both trip cancellation and travel insurance plans, but not necessarily for lost carry-on items like a cell phone.
Emergency Medical Evacuation
This benefit will provide transportation to a medical facility capable of caring for your condition when traveling to remote areas without adequate medical facilities. Therefore, you can go home, but it’s not guaranteed.
Accidental Death & Dismemberment (AD&D)
If you pass away or lose a limb due to an accident while traveling, this benefit will provide a defined amount of money to your beneficiary.
