Travel Insurance is an insurance that covers unexpected losses incurred while travelling, nationally or internationally. It may involve baggage loss, delay in trip, accidents, emergency conditions in pre existing diseases, unavoidable natural or artificial calamities etc.  Any individual, buy travel insurance for a risk free and insured travelling.

Coverage:   Why anybody would like to expend on travelling insurance while going out for vacations? Answer to this question is the types of coverage that vacation insurance provides, which are;

1. Trip protection, 2.Medical protection, 3.Loss or delay protection, 4. Life and Body protection, 5.Other benefits, 6.Assistant Services.

1. Trip Protection:  It includes cancellation of the trip for the covered reason. There are some reasons which are covered by the insurance companies for the cancellation of the trip, and 100 % of the pre paid expenses are reimbursed.  And if a trip is interrupted in between due to any covered reason, then 150% of the unused trip expenses are reimbursed.

2. Medical Protection:  It covers medical emergencies, dental problem, problems due to pre existing health problems, evacuation etc. The benefit covers medical transportation, physician’s expenses, tests, etc. At certain circumstances evacuation is unavoidable due to health hazards; in that case transportation will be very expensive for fully equipped staffed medical flight, and this expense is covered by medical protection under travel insurance.

3. Loss or delay protection:  This protection covers the loss due to baggage lost, damaged or stolen due to any reason. It covers the replacement value for the baggage and the items inside. It also covers the delays in receiving the baggage, and then the minimum amount for the purchase of the necessities is covered ranging from $500 to $1000. If a trip is delayed for a covered reason then the daily basic expenses are reimbursed. It also provides car rental collision coverage.

4. Life and Body protection: It covers accidental death or dismemberment, life insurance and flight accidents, security or political evacuation; in such cases the coverage provides an indemnity up to the covered amount.

5. Assistance services: It includes 27/7 concierge services, emergency, medical, business, roadside, theft etc, assistance services.

6. Other benefits: Includes services for minor children, pet care, and adventure activities like bungee jumping, paragliding etc, and sport activities.

Each traveler is different and so is his vacations, like an aged person above 55 will require life and body protection, assistance services, parents with minor kids require other benefits in their plan; if any traveler is having a pre existing disease then he or she must choose a plan accordingly. So each traveler has different requirements and that’s why, while choosing a plan for travel insurance, the traveler must know the list of plans available and his requirement matching to them. A correct plan can make the trip uninterrupted and risk free.

Loopholes: An insurance policy is nothing but a contact between insurer and insured in a policy certificate.  The insured person must read all the terms and conditions mentioned in the policy, and should not assume things because it leads to frustration when the company denies by saying that it is not a covered reason.  To avoid such situations one can take the rider of ‘cancel for any reason’, problems also arises with pre existing conditions, so one must take a plan with the waiver of exclusions to pre existing conditions. Reading and understanding the policy with your requirements, and without assuming things can nullify the loopholes.Travel Insurance.