Travel insurance can protect you from losses that result from situations such as canceled trips, lost baggage, medical emergencies, supplier defaults, as well as other unexpected circumstances.
There are several types of travel insurance available. Here are explanations of the types of insurance:
Trip Cancellation: The most important and common type of travel insurance. Can cover non-refundable payments or deposits if a trip is canceled or interrupted.
Trip Delay: Provides reimbursement for expenses, such as food, lodging and necessities incurred when a trip is delayed.
Accident/Sickness Medical Expenses: Covers costs incurred due to injury or illness that occur while on a trip.
Medical Transportation: Covers transportation when a medical emergency while traveling requires transportation to a hospital or other medical facility.
Supplier Default: Covers deposits or payments lost due to the supplier not providing what is paid for due to financial default.
Baggage Loss or Delay: Covers losses due to items lost, damaged or delayed during a trip.
Should you buy travel insurance?
If you want to protect your travel investment you should consider purchasing travel insurance. An illness, accident or sudden change in plans may force you to cancel your travel plans. You could forfeit the money you’ve spent on nonrefundable deposits, and medical expenses that aren’t covered by your health insurance.
How does trip cancellation coverage work?
It is designed to reimburse you for forfeited, nonrefundable, unused payments or deposits if you have to cancel your interrupt your trip due to a variety of situations, including but not limited to weather, illness or another unforeseen event.
Depending on your policy, it may also cover: emergency medical expenses, transportation to a medical facility, accommodations and travel expenses for travel delays, essential items you purchase if your baggage is delayed and lost or stolen luggage
What does travel insurance cost?
The cost of travel insurance varies. The more expensive the trip, the more you need to protect it.
How do you buy travel insurance?
Most travel agents offer insurance. Brides Travel does offer insurance. If decide to decline the insurance, you will be required to sign a waiver stating that the insurance was declined.
Source: travelsense.org
