Travel insurance

From Ask in Wiki

Travel insurance is insurance that is intended to cover financial and other losses incurred while travelling, either within one's own country, or internationally.

Travel insurance can usually be arranged at the time of booking of a trip to cover exactly the duration of that trip or a more extensive, continuous insurance can be purchased from (most often)[travel agents, travel insurance companies or directly from travel suppliers such as cruiselines or tour operators.

Contents 1 Coverage 1.1 Trip Cancellation 1.2 Curtailment 1.3 Delayed departure 1.4 Loss, theft or damage to personal possessions and money (including travel documents) 1.5 Delayed baggage (and emergency replacement of essential items) 1.6 Travel medical insurance 1.7 Emergency evacuation/repatriation 1.8 Overseas funeral expenses 1.9 Accidental death, injury or disablement benefit 1.10 Legal assistance 1.11 Personal liability and rental car damage excess 1.12 Loss of income 1.13 high risk

Coverage

The most common risks that are covered by travel insurance are:

Trip Cancellation

Main article: Trip cancellation insurance

Trip cancellation insurance is designed to reimburse you for the financial losses that you incur when you are required to cancel a trip before departure or interrupt it somewhere along the way. But TCI will not reimburse you if you simply change your mind about traveling.

Curtailment

Delayed departure

Loss, theft or damage to personal possessions and money (including travel documents)

All travel insurance is subject to one basic rule. It guarantees travelers’ money, not their trips. In a major airline delay or cancellation, TCI would cover the nonrefundable component of the original ticket plus any penalties due because of late arrival at a destination, and delay insurance would cover the out-of-pocket costs of accommodations and meals. But TCI would not buy a replacement ticket or a new destination accommodation – if the new ticket or hotel costs a lot more than the original, that’s the traveler’s problem.

Delayed baggage (and emergency replacement of essential items)

Main article: Delayed baggage insurance

Travel medical insurance

Main article: Travel medical insurance

International travel is an exciting adventure but also poses many unpredictable situations. One of the most serious is the risk of injury or illness in a foreign country. Unfamiliarity with a different culture and medical system is intensified without the proper resources to assist you in securing medical care and covering the associated costs.

Emergency evacuation/repatriation

Overseas funeral expenses

Accidental death, injury or disablement benefit

Legal assistance

Personal liability and rental car damage excess

Loss of income

Some travel policies will also provide cover for additional costs, although these vary widely between providers.

high risk

And in addition, often separate insurance can be purchased for specific costs such as:

• high risk sports (e.g. skiing, scuba-diving)
• travel to high risk countries (e.g. due to war or natural disasters)
• pre-existing medical conditions (e.g. asthma, diabetes)