Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or domestically.
What should travel insurance include?
Most travel insurance plans are package plans that include various coverage like trip cancellation, trip interruption, trip delay, lost or delayed baggage, medical coverage, medical evacuation etc.
What is covered in trip cancellation insurance?
Trip Cancellation Coverage reimburses you for pre-paid, non-refundable expenses if you need to cancel your trip before you depart. Covered reasons to cancel your trip: Sickness, injury, or death of you, a family member, or a traveling companion. Hurricane damages your destination or cancels your flight.
Do you legally need travel insurance?
But is travel insurance a legal requirement? No, you’re not legally required to have travel insurance. Some tour operators will insist you have a policy in place before they confirm your travel, especially to countries like the USA where there’s no public health service.1 Aug 2018
How does travel insurance work?
It works quite similarly to other insurance policies in the following ways: Purchase travel insurance before anything actually happens to disrupt your trip. Travel insurance primarily works in a reimbursement structure. You will get reimbursed from the travel insurance company if they approve your claim.29 May 2019