Travel Insurance is insurance that is intended to cover medical expenses, financial default of travel suppliers, and other losses incurred while traveling, either within one's own country, or internationally.
Temporary travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a "multi-trip" policy can cover an unlimited number of trips within a set time frame. Some policies offer lower and higher medical-expense options; the higher ones are chiefly for countries that have extremely high medical costs, such as the USA.
Coverage types
The most common risks that are covered by travel insurance plans are:
Medical emergency (accident or sickness)
Emergency evacuation
Repatriation of remains
Return of a minor
Trip cancellation
Trip interruption
Visitor health insurance
Accidental death, injury or disablement benefit
Overseas funeral expenses
Lost, stolen or damaged baggage, personal effects or travel documents
Delayed baggage (and emergency replacement of essential items)
Flight connection was missed due to airline schedule
Travel delays due to weather
Hi-Jacking
Medical Expenses coverage can be Per Occurrence or Maximum Limit.
Optional coverage
Some travel policies will also provide cover for additional costs, although these vary widely between providers.
In addition, often separate insurance can be purchased for specific costs such as:
Pre-existing conditions (e.g. asthma, diabetes)
Sports with an element of risk (e.g. skiing, scuba diving)
Travel to high risk countries (e.g. due to war, natural disasters or acts of terrorism)
Additional AD&D coverage
3rd party supplier insolvency (e.g. the hotel or airline to which you made non-refundable pre-payments has gone into administration)
Acute on-set of pre-existing conditions - This term is very different from Pre-existing conditions. It means a sudden and unexpected occurrence of pre-existing medical conditions without any prior warning from a medical professional. Travel insurance companies, especially in USA, do not offer coverage for pre-existing coverage but they do offer coverage for acute on-set of pre-existing conditions. If you have pre-existing conditions, make sure to get this coverage to protect yourself against any emergency situation that arises due to pre-existing conditions in spite of taking care.
Common exclusions
Pre-existing medical conditions but a lot of companies now cover for "acute on-set of pre-existing conditions"
War or terrorism - but some plans may cover this risk, and some do cover for acts of terrorism
Injury or illness caused by alcohol or drug use
Usually, the insurers cover pregnancy related expenses, if the travel occurs within the first trimester. After that, insurance coverage varies from insurer to insurer.
Travel insurance can also provide helpful services, often 24 hours a day, 7 days a week that can include concierge services and emergency travel assistance.
Temporary travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a "multi-trip" policy can cover an unlimited number of trips within a set time frame. Some policies offer lower and higher medical-expense options; the higher ones are chiefly for countries that have extremely high medical costs, such as the USA.
Coverage types
The most common risks that are covered by travel insurance plans are:
Medical emergency (accident or sickness)
Emergency evacuation
Repatriation of remains
Return of a minor
Trip cancellation
Trip interruption
Visitor health insurance
Accidental death, injury or disablement benefit
Overseas funeral expenses
Lost, stolen or damaged baggage, personal effects or travel documents
Delayed baggage (and emergency replacement of essential items)
Flight connection was missed due to airline schedule
Travel delays due to weather
Hi-Jacking
Medical Expenses coverage can be Per Occurrence or Maximum Limit.
Optional coverage
Some travel policies will also provide cover for additional costs, although these vary widely between providers.
In addition, often separate insurance can be purchased for specific costs such as:
Pre-existing conditions (e.g. asthma, diabetes)
Sports with an element of risk (e.g. skiing, scuba diving)
Travel to high risk countries (e.g. due to war, natural disasters or acts of terrorism)
Additional AD&D coverage
3rd party supplier insolvency (e.g. the hotel or airline to which you made non-refundable pre-payments has gone into administration)
Acute on-set of pre-existing conditions - This term is very different from Pre-existing conditions. It means a sudden and unexpected occurrence of pre-existing medical conditions without any prior warning from a medical professional. Travel insurance companies, especially in USA, do not offer coverage for pre-existing coverage but they do offer coverage for acute on-set of pre-existing conditions. If you have pre-existing conditions, make sure to get this coverage to protect yourself against any emergency situation that arises due to pre-existing conditions in spite of taking care.
Common exclusions
Pre-existing medical conditions but a lot of companies now cover for "acute on-set of pre-existing conditions"
War or terrorism - but some plans may cover this risk, and some do cover for acts of terrorism
Injury or illness caused by alcohol or drug use
Usually, the insurers cover pregnancy related expenses, if the travel occurs within the first trimester. After that, insurance coverage varies from insurer to insurer.
Travel insurance can also provide helpful services, often 24 hours a day, 7 days a week that can include concierge services and emergency travel assistance.
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