More and more people travel around the world every year and while traveling can be an exciting adventure for most, it can turn sour quickly if things go wrong. To prevent this from happening, travel insurance can cover a whole range of risk scenarios that could potentially put a damper on your trip.
Travel insurance is a type of insurance plan you purchase before traveling that can cover the costs and losses you may suffer if something occurs during your travels. This could mean something minor, like a delayed suitcase, or more significant, like a last-minute cancellation or a medical emergency while you are overseas. Benefits, however, vary by plan and it is important to choose one that suits your needs, your travel plans and your budget.
The main categories of travel insurance include trip cancellation or interruption coverage, medical expense coverage, baggage and personal effects coverage, and accidental death or flight accident coverage.
Trip cancellation reimburses a traveler for expenses that were prepaid and are nonrefunable.
Medical coverage can help you with unexpected medical expenses during your trip, and help you locate nearby doctors and healthcare facilities.
Baggage and personal effects coverage protects damaged, lost or stolen belonging during a trip, and even though most carriers will reimburse travelers if their baggage is destroyed or lost due to an error of theirs, that reimbursement comes with limitations and having insurance offers you an extra layer of protection.
Finally, an accidental death or flight accident coverage pays benefits to surviving beneficiaries if an accident results in death, disability, or serious injury to the insured traveler or a family member accompanying them.
Travel insurance coverage also often includes 24⁄7 emergency services, such as re-booking canceled flights, replacing lost passports, and cash transfer assistance. Depending on thepolicy you choose and the destination you are traveling to, plans can be expanded to include legal referral, replacement of medication and eye glasses, interpretation/translation services, pet or vehicle return, and embassy and consular services.
It is very important to note though that travel insurance cannot cover for every possible situation and policies are often made on a named perils basis, meaning they will cover only the specific events, situations, and losses described in your plan. Travel insurance is also designed to cover only unforeseeable events, namely not things within your control or situations you can easily see coming. You cannot, for example, buy travel insurance after a volcano erupts at your destination, since in that case your losses would not be covered.
So whether you're just going away for the weekend or planning a month-long trek through the Alps, having the right travel insurance plan can help ease your mind about potential risks you may encounter and let you better enjoy your trip.
If you have questions about how travel insurance works or simply want more information, contact our experts at Pitsas Insurances by email at: [email protected] or call us at 700 70 500.
For calculation of the cost of travel insurance please follow the link https://www.pitsasinsurances.com/en/quotes/travel/.
August 13th, 2021