You may think that travel insurance isn't necessary, and that you have planned your vacation perfectly. Things like when to board the flight, where to stay, and when to come back would have been included in your plan; but what if you have to change your plan and get back early?
Or what if you met with an accident or fell ill, which of course you were not prepared for? You would end up paying all the medical expenses that are not covered by your health insurance. This is when having travel insurance could save you. It is important that you purchase travel insurance to protect your travel investment.
Types of Travel Insurance:
Most travel insurance companies offer the same packages, which include basic travel insurance, and comprehensive travel insurance. There are a few general types of travel insurance, however; depending on the insurance company, the coverage and limitations will be different. Given below are some of the common types:
This is the most common and the most important type of travel insurance. In case your trip is cancelled because of unforeseen circumstances, you don't have to worry about your tickets not being refunded, or bear the burden of the money spent, as this type of insurance will cover all these non-refundable payments or deposits.
This type of insurance is also very helpful, in case of any break in your travel plan. For example, say you have to take a connecting flight, only to find that it has been cancelled or delayed for a few hours. What do you do? You take the next flight to get home. You don't have to worry about the extra money you spent on the ticket. In this case, if you have trip delay insurance, your money will be reimbursed.
If your trip is interrupted due to any unexpected calamity, you don't have to bear [the costs] for the lost vacation. Your money will be reimbursed if you have trip interruption insurance.
Baggage/Personal Effects Loss or Delay:
This is also a very common type of insurance. It will cover losses if your baggage is lost or delayed, or if any of your stuff gets damaged.
Travel Document Loss:
Having this type of insurance will save you from situations such as a stolen or lost passport. Staying in a foreign country without your password would create problems, but you need not run places looking for emergency cash to get it replaced, as this insurance will take care of that.
Accident/Sickness Medical Expenses:
If you fall ill anywhere during your travel, you don't have to worry about the extra expense. This insurance will cover the cost for you.
Medical Evacuation/Emergency Transportation:
In the case of a medical emergency during your travel, this insurance will cover expenses such as the transportation charge to the hospital.
This insurance will cover any payments or deposits lost due to the bankruptcy of a travel supplier.
So next time you plan a trip, do get travel insurance to ensure a safe trip and peace of mind.
© 2006 Stefan Rockhaus
The views and opinions expressed in these articles do not necessarily reflect those of College Central Network, Inc. or its affiliates. Reference to any company, organization, product, or service does not constitute endorsement by College Central Network, Inc., its affiliates or associated companies. The information provided is not intended to replace the advice or guidance of your legal or medical professional.