While every traveler wishes for the best on their trip, it is important to plan how you will handle the unexpected. While no one likes to think about it, travel accidents, medical emergencies and other disasters can cause significant financial losses. Fortunately, you can minimize these risks to stay on track and avoid any mishaps.
How does Travel Insurance work?
Travel insurance comes in many different forms, each offering coverage for a specific trip or activity. Travel insurance is important for your needs, budget and to ensure you have full coverage when you depart.
Pre-existing condition coverage
Before approving a travel insurance policy, many companies review your medical history. This period is known as a “look-back” and can vary from company to firm, but usually ranges between 90 days and one year. You may also have to pay more for not disclosing your condition within this period.
Flight cancellation and delay
Most comprehensive travel insurance policies will cover cancellations and delays due to illness, weather or other unforeseen circumstances. This can be life-saving coverage, as you can use it to pay for an hotel room in the meantime while your flight is rebooked.
Find lost luggage and get emergency assistance
In the event that your bags are lost or you need medical attention in an emergency, you'll need to find the nearest hospital for treatment. The policy limits will most likely be covered by comprehensive travel insurance.
Missed connection
If your travel plans fall through, missing a connection flight can be a nightmare. If you have trip coverage, you can claim for missed connections, such as cruises, flights or other transport. This coverage can help you pay for your hotel room, meals or other expenses until your flight is rescheduled.
Emergency dental and medical care abroad
If your health insurance covers you abroad but you need to pay for an expensive procedure or overnight stay up front, a travel insurance policy could help you cover the cost. It is possible that this type of coverage may not be part of your insurance package. However, it is worth checking into.
Accidental death
If something unfortunate happens while you are on a vacation, travel insurance could help pay for funeral expenses. You can get money to your beneficiaries.
While filing a claims, you'll be required to provide evidence of your situation. For example, a hospital bill or statement from your airline. Insurance companies will review your medical history and reimburse you.
The best way to get the travel insurance you need is to purchase it at the same time you buy your tickets. This is true, especially if you plan to go on a trip or vacation.
Purchase travel insurance online or directly from the insurer
You can purchase a policy from any major travel agent, or you can get one online, at your local supermarket, bank, or other retailer. You can purchase travel insurance in addition to other travel arrangements such as a travel package offered by an airline or agent.