Travel insurance give protection against traveling problems like traveler’s holiday costs against adverse events such as cancellation and interruption. It also recoups medical expenses, the loss or damage of property and transit delays. Travelers are compensated if they have to cancel or interrupt their travel; they will also be covered should they need emergency medical treatment, medical evacuation and other situations.
The main categories that travel insurance covers are delays and cancellation including curtailment, medical reasons which include medical and health reasons, medical evacuation. It also pays in case of traveler’s death due to air flight accident, common carrier and accidental death. The last category is loss or damage of personal effects such as baggage loss, rental Car damage and assistance services. The cost of travel insurance is based on the number of people traveling and the value of the trip. You can buy travel insurance from a travel agent or tour operator.
Travel insurance is designed to provide compensation for anything that could go wrong while you are away. It covers all the things from canceling of your trip to losing your suitcases. Before leaving on vacation, make sure you have adequate insurance. Sometimes the vacations cost thousands of dollars so it is important to have the proper insurance protection. There are four major types of travel insurance. The first one is trip cancellation insurance which would reimburse you if the cruise line or tour operator goes out of business. It would also provide coverage if you have to cancel the trip due to sickness, a death in the family or another calamity listed in the policy. The other one is baggage Insurance or personal effects coverage which provide coverage if your personal belongings are lost, stolen or damaged during the trip. The emergency medical assistance provides insurance and medical assistance for travelers. It would cover if you had to be airlifted off a mountain due to a skiing or hiking accident or if you had to stay for a prolonged period of time in a foreign hospital. It would also provide coverage if you got seriously sick or were injured and needed to be flown home. The last one is accidental death insurance which provides a variety of coverage if you or a family member dies on the trip. If you have a good life insurance plan or made other financial provisions for your loved ones, this may be duplicate insurance.
There are number of insurance providers which provide insurance according to your need. You can contact directly with them and also log on their websites.