Travel insurance is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, whether international or domestic.
Travel insurance can be obtained at the time of booking flights to cover the exact duration of the trip. A “multi-trip” policy can cover an unlimited number of trips within a set time frame. Some policies offer lower and higher medical-expense options; the higher ones are chiefly for countries that have high medical costs, such as the United States or Europe.
With a decent comprehensive travel insurance policy, you can have access to 24-hour emergency assistance.
Some common types of travel insurance coverage include:
Emergency Medical Assistance – Provides insurance and medical protection if you become ill or injured while traveling. We may pay for some benefits that may not be covered by a standard health insurance plan.
Accidental Death – Provides coverage if you or a family member dies from a covered injury or accident while traveling abroad.
Trip Cancellation Insurance – Reimburses you if you must cancel your insured trip due to sickness, death in the family, or any other misfortune listed in the policy.
Baggage Insurance – Provides coverage if your belongings (luggage and personal possessions) are lost, stolen, or damaged during a trip. You may also want to find out if the airline or trip operator offers any type of insurance for your belongings.