There are a number of different travel insurance options available to cover nearly every type of occurrence or loss associated with traveling. Be sure to read the contract carefully and understand the benefits being offered. Some insurance benefits may be subject to a deductible and coinsurance. Policies can be complex and confusing. Make sure you are buying the coverage you want.
Some common types of travel insurance coverages include:
Trip Cancellation Insurance – Reimburses you if you have to cancel your insured trip due to sickness, death in the family, or any other misfortune listed in the policy. Some policies may also reimburse you for the unused portion of a vacation if you or an immediate family member becomes seriously ill or injured while on a trip.
Emergency Medical Assistance – Provides insurance and medical protection if you are treated for illness or injury while traveling. May pay for some benefits that may not be covered by a standard health insurance plan.
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.
Accidental Death – Provides coverage if you or a family member dies from a covered injury or accident while traveling abroad.