Demont Insurance Agency Blog

Travel Insurance: What Types Are Available to the Traveler?

Traveling is an exciting hobby that allows us to learn more about different cultures while we discover brand new places. It doesn’t matter if you visit far-away lands or if you enjoy taking a road trip to the neighboring city for the weekend, we can all enjoy the fun and thrills that go along with being a tourist.

Although going away on vacation is meant to be a pleasant and peaceful adventure, unfortunate things can happen at any time. Health issues, sudden trip cancellations, and emergency evacuations can occur when we least expect them. That is why it’s crucial for any avid tourist to look into a good travel insurance policy.

The 5 Types of Travel Insurance All Tourists Should Know About

Travel insurance can help to ensure that you don’t lose a thing if your plans change. There are several types of travel insurance policies, which can make it difficult to choose the correct one. Here are the five most common travel insurance types for you to consider for your next exciting getaway.

Lost Baggage Coverage

If you must bring along valuables with you on your trip, such as expensive jewelry, ensuring your luggage with lost baggage coverage can help cover the cost of your belongings. It can also help to guarantee that those in charge of your luggage will take special care of your items.

Some policies include lost baggage coverage along with other benefits, such as travel medical insurance. However, you shouldn’t automatically assume that you have coverage for lost or stolen baggage just because you have any travel insurance policy.

Always find out from your agent if your policy covers the cost of lost or stolen luggage if you wish to take out baggage insurance.

Travel Medical Insurance

Many tourists believe that because they have health insurance, they will have coverage for medical issues even while they travel abroad. The truth is that many health insurance policies do not provide coverage outside of the United States. Or they may only cover a portion of the cost for international health care.

Always check with your health insurance provider to find out their policies on global medical coverage before you head out on an overseas trip. Doing so is especially important if you have a pre-existing health condition.

If your health insurance plan doesn’t provide international coverage, you can take out a travel medical insurance plan. This type of policy will cover medical emergencies, hospital stays, and other forms of treatment that you may need during your trip.

Even if you are in excellent health, it is worth taking out travel medical insurance to prevent paying out of pocket for those unpredictable situations.

Flight Cancellation Insurance

Your upcoming trip may be time-sensitive, so what happens in the event of a canceled flight? If you take out flight cancellation insurance, you will have protection in the event of various travel issues.

This form of insurance will cover the expenses if a flight is unexpectedly canceled. However, these policies are issued per ticket. Therefore, you will want to purchase flight cancellation insurance for every leg of your trip.

Trip Cancellation Insurance

You have saved for years and finally, have enough money to pay for your dream vacation. Everything is going well until you suddenly must cancel your trip. It may be due to a natural disaster such as harsh weather conditions that make flying impossible. Or you may have a family emergency that occurs just as you are ready to head to the airport.

By purchasing trip cancellation insurance, you have protection for your plane tickets and other travel expenses that you have already purchased. You can reschedule your flight for another time or receive a refund if you need more time to decide on when to take your trip.

This type of insurance policy doesn’t provide coverage for all situations, and different companies may offer different types of coverage.

Be sure to read the documents and ask questions before you take out this type of insurance so that you fully understand how to go through the claims process if the need arises.

Medical Evacuation Insurance

If your trip involves visiting an area that doesn’t have adequate health care or a remote region without immediate medical attention, you should purchase a medical evacuation insurance plan.

If you suffer from an injury or illness that requires emergency transportation to the closest hospital, the services could end up costing as much as $100,000 in some areas.

Don’t take chances with your health, do research on the region you plan to visit and take out a medical plan that will provide you with the care you need.

To learn more about travel insurance, contact the experts at at (800) 522-1997. Our licensed insurance experts will be happy to answer any questions you have.

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