Preparing for Travel Insurance during

Usually when people make Travel Plans the last thing on their minds is to Purchase Travel Insurance. However, travel insurance provides many benefits to travelers and peace of mind in knowing that you are covered for unexpected events. Some of the advantages of Travel Insurance include trip cancellation protection, personal property coverage, personal liability, and medical assistance. 

Trip Cancellation

With certain travel insurance plans you are able to cancel your trip for any reason and receive a full refund. However, most insurance options will provide financial reimbursement for trip cancellation for only specific reasons such as an illness, death, or a major life catastrophe like a house fire and will only refund a portion of the trip. Valid reasons for trip cancellation and reimbursement amounts vary depending on the insurance carrier.

Personal Property Coverage

Travel insurance Covers your personal belongings, luggage, and money you carry with you on your trip up to certain limits. The amount you will be reimbursed for is a predetermined amount and will be outlined in your policy.

Personal Liability

If you cause Personal Injury or damage to another person’s property while on your trip, a travel insurance policy will cover your legal expenses and payments to the third party. There are policy limits and exclusions with this benefit that restricts the amount of payment and details what conditions are acceptable.

Medical Assistance

Travel Insurance provides payment for medical assistance and emergency care in the event you become ill. Depending on your selected plan, the insurance will usually cover all related hospital and treatment costs.

No matter how well you plan your vacations and trips unexpected events can happen that are out of your control. Travel insurance will help to safe guard against situations that could otherwise be devastating and very expensive. The price of travel protection is cost-effective and usually priced at about 4 to 5 percent of the total cost of your trip. Many companies offer flexible plans with a variety of benefits to help travelers select options to specifically fit their needs.