Travel insurance provides coverage against financial and other losses that you may incur while traveling domestically or internationally. You can either get it at the time of booking your trip, for the exact length of the trip or you can get it for a longer period. Travel agents, travel insurance companies, cruise lines, or tour operators can all help you with purchase of continuous travel insurance.
Here’s a list of some of the most common risks that are covered by travel insurance:
– Cancellations and/or Curtailments;
– Delayed departures for flights, and other modes of travel;
– Loss, theft or damage to personal belonging and money including travel documents;
– Delay or loss of baggage;
– Medical expenses/Sickness;
– Emergency evacuation/repatriation;
– Overseas funeral expenses;
– Accidental death, injury or disability benefit;
– Legal assistance for travel related needs;
– Personal liability;
– Loss of income due to other reasons.
Some travel insurance companies have travel policies, which will also provide you extra coverage for additional price. However, these costs vary widely from carrier to carrier. Here’s a list of the extra insurance coverage that can be purchased for an additional fee:
– High risk sports (e.g. bungee jumping, scuba diving, sky diving);
– Travel to countries with high risk (e.g. due to civil wars or natural disasters);
– Travel with pre-existing medical conditions (e.g. asthma, diabetes, heart conditions).