The Basics of Travel Insurance

Travel Insurance is intended to cover medical expenses, financial and other losses incurred while traveling, either within the country, or internationally. We normally look at travel insurance as an added expenditure which can be easily avoided however the fact is that it is the most important aspect of your vacation.

You must have saved for years to go on your dream vacation and unfortunately something goes wrong; you lose your luggage and all your money, your son trips and breaks his arm and if that was not enough you misplaced the passports. In such a situation, only travel insurance can save you. Spending a few extra money on travel insurance, protects you against financial, medical and emotional distress.

Some of the most common benefits of travel insurance include (however these vary by carrier and plan:
  • Trip Cancellation or interruption
  • Delay in travel dates
  • Baggage Delay or loss of baggage
  • Theft or damage to personal belongings
  • Financial help if required
  • Legal expenses
  • Emergency medical care
  • Accidental death and dismemberment
  • Burial/ cremation costs
Be sure to research and choose your insurance company wisely. Any travel insurance company should have a 24-hour hotline that will be able to help you whenever and wherever you are. Find the best company that can fulfill your requirements. Ask a lot of questions, especially as to what is covered and what is not. In getting travel insurance here are some important points to consider:

1. In order to ensure that you have the correct travel insurance and proper coverage, make sure that the insurance companies you are considering have international recognition and most importantly recognition in the country you are traveling into. Incase of emergency your Insurance Company should be able to offer you assistance within and outside the country you’re visiting.

2. Make sure that the policy you are considering buying covers traveling to the country you are planning to visit. See to it that the insurance company gives you direct contact numbers of persons within and outside the visited country to facilitate inquiries regarding medical assistance, travel advisories and emergencies.

3. Regarding medical coverage, make sure you have disclosed all important medical histories so that you can find out immediately if your medical condition is covered or not.

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