Travel Insurance

With the emergence of Covid 19, Travel Insurance has become more important than ever before.  Whether you are traveling for business or pleasure, Travel Insurance is now a key part of travel preparation.  Luckily, travel insurance has not only become easy to purchase, but affordable as well. Just knowing that you have insurance can ease the stress of travel. My advice would be to make sure you check with your travel agency (if you are using one) or flight carrier to see if they have specifics that they need for you to travel right now due to Covid 19. Be aware that countries may have different rules as to what is acceptable and what is not to enter (their country).

Why Buy Travel Insurance?

I will never forget being in Vietnam and walking over a long bridge where I saw an ambulance broken down right in the middle of it. As I was walking I kept thinking, please let there be nobody inside it…and there was. I have no idea about the situation but that always comes to mind when I think about the security that Travel Insurance brings. And recently I was in Zambia and at the small airport there was a plane with medics who were transporting a man who had suffered a heart attack. The nearest hospital was 3+ hours by car so he had Medical Evacuation Insurance that would get him there quickly and possibly save his life. The bottom line is that the costs of travel insurance policy are very low when compared to the potential risks of a canceled trip, an illness or some other unexpected event.

TravelInsurance.com is a great site to use as it compares over ten reputable travel agencies and gives you a quote quickly and easily. 

Easily check and compare prices on TravelInsurance.com now.

Read More about Travel Insurance

Trip Cancellation Coverage

The basic purpose of a standard travel insurance policy is to reimburse you for your pre-paid and non-refundable trip costs. The reason that the trip gets cancelled must be due to a “covered reason” so make sure you know what those are. Here are some examples of what these covered reasons could be:

• Accidental injury, sickness, or death of you, a traveling companion or a family member
• Weather events that cause cancellations in travel plans or a cessation of service
• Mandatory evacuation ordered by local authorities at your destination due to hurricane or other natural disaster
• Strike that causes complete cessation of travel services of your carrier
• Bankruptcy and/or default of your travel supplier
• Terrorist attacks that occur in your destination city
• You or your traveling companion are terminated, or laid off from employment

This type of travel insurance has been used for both leisure travelers and business travelers for years, especially to countries that are known to have problems. That said, you never know when something is going to happen. Strikes can happen in any country so coverage is for travel everywhere, not just third world countries.

Emergency Medical Coverage

A very important travel insurance portion of coverage to look into is Emergency Medical Coverage. This type of coverage will not only help with medical expenses but you could also get an emergency medical evacuation coverage which I recommend for traveling to third world countries. It can even help you to get back home if your home country is the best place to treat your medical issue.

Travel Insurance 101

Travel Insurance and Trip Cancellation

Travel insurance premiums are based on things like the length of trip, trip cost and age of traveler(s). Travel insurance usually includes trip cancellation coverage, which provides an added level of peace of mind for travelers and covers the costs of missed flights, canceled reservations and other expenses associated with an unexpected trip cancellation. Different insurance companies offer very different terms for their trip cancellation coverage, but in general, policy holders don’t have to submit more than simple receipts (and proof that a covered event occurred) to receive a payout on a trip cancellation claim.

Travel Insurance and Medical Expense Coverage

Many travel insurance policies also offer medical expense coverage. This pays for the costs of treatment and hospitalization where a traveler’s normal health insurance policy won’t kick in. This can be significant in a number of situations. For instance, if a traveler has an HMO or a PPO, an out-of-state hospital might not take his or her insurance, and if a traveler gets sick in a foreign country, the cost of an emergency flight back to the United States could easily exceed several thousand dollars. Travel insurance with medical expense coverage takes care of those costs and makes it much easier to travel domestically or internationally without worrying. Having medical expense coverage is absolutely essential during long trips and is one of the most popular benefits of travel insurance.