The legal expenses section of a travel insurance policy provides cover for your legal expenses up to the amount specified, if you have to claim compensation or damages from another person due to something that happened during the period of your insurance (whilst you were away on holiday).
What is covered by travel insurance?
A typical travel insurance policy will have coverage for a traveler’s main concerns, including trip cancellations, medical emergencies, travel delays, and lost luggage. Most policies are built to be comprehensive to protect travelers from a variety of events that may cause a financial loss before or during their trip.
How much does travel insurance cost?
In general, you should expect a plan will cost anywhere from 4%-10% of your total pre-paid, nonrefundable trip cost. For example, if you purchased a trip with a total cost of $5,000, travel insurance policies available to you will likely range in price from $250-$500, depending on variables.
Does travel insurance cover business trips?
What does business travel insurance cover? Our business travel insurance can cover your travel as well as your business equipment. Our business insurance cover upgrade includes: Buying or hiring essential equipment that’s lost, stolen or damaged during the trip.
Is it legal to have two travel insurance policies?
Is it legal to have two travel insurance policies? It’s not illegal, but if you have 2 insurances, if you have to fill out a claim form you’ll find out that they will ask for details of any pre-existing insurances you have, and the new insurance will only pay a proportionate share of any losses.