Travel Insurance

Q Why should a traveler buy travel insurance?

A Travel insurance gives travelers coverage for unforeseen problems, from a cancelled flight to a serious illness – or in rare cases, the financial default of a travel supplier. If an illness, accident, or other covered unforeseen circumstance forces a traveler to cancel or interrupt their plans, they face two major financial losses – money invested in nonrefundable pre-payments, and medical expenses that in many instances may not be covered by health insurance.

Q What happens if a traveler must cancel their vacation?

A Often a traveler will lose nonrefundable deposits and payments that can add up to hundreds – or even thousands of dollars. A comprehensive travel insurance plan can provide trip cancellation coverage for the traveler’s vacation investment - the insurance company reimburses the travel for all pre-paid nonrefundable expenses for a covered loss.

Q How does trip cancellation and interruption coverage work?

A It reimburses for forfeited, nonrefundable, unused payments or deposits if the traveler must cancel or interrupt their trip due to a covered reason.

Q What other coverage is typically included in a travel insurance plan?

A In addition to trip cancellation and interruption, the more comprehensive travel insurance plans available today may also cover emergency medical expenses; emergency medical transportation when ordered by a doctor to the nearest adequate medical facility; reimbursement for accommodations and expenses incurred due to travel delays; reimbursement for the purchase of essential items if baggage is delayed; and coverage against lost, stolen or damaged baggage.

Q Is the financial default of an airline, cruise line or tour operator covered?

A Many insurance programs include financial default coverage if the program is purchased within 14 days of the initial trip deposit

Q Are there different types of travel plans tailored to specific types of travel?

A There are insurance plans for an array of budgets, from modest trips to high-end luxury vacations. There are also products for last-minute getaways and extended trips, and specific coverage for adventure travel.

Q How much does travel insurance cost?

A The cost of travel insurance is based, in most cases, on the value of the trip and the age of the traveler. Typically, the cost is five to seven percent of the trip cost?

10 Reasons To Purchase Travel Insurance

There are hundreds of circumstances that could cause you to cancel your trip, return home early, or force you to seek emergency medical treatment while traveling. To demonstrate the importance of purchasing travel insurance, and emergency travel services, here are 10 common examples of what could go wrong.

1. You have to cancel your trip due to an unexpected event such as bad weather, an illness in the family, involuntary job loss or the financial default of your airlines, cruise line or tour operator.
2. You have to return home early due to an unexpected emergency such as an illness or death in the family.
3. Your luggage is lost or delayed, forcing you to purchase necessary essentials, or prescription medications.
4. Your sporting, camping or adventure equipment is damaged or stolen.
5. You become ill or injured and learn that your health care plan doesn’t cover you outside the USA.
6. You need an emergency medical evacuation due to an accident or sudden illness.
7. You run into flight delays and miss a portion of your trip or cruise.
8. You have to evacuate your resort due to an unexpected hurricane or storm.
9. You lose your passport, leaving you stranded abroad.
10. Your rental car is damaged leaving you responsible for the repair costs.

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