subject: Explaining Travel Insurance [print this page] There are various things to consider when you plan a vacation or even a business trip. These include planning on a certain location that you have to go to, what items of clothing and variables should you pack and also your plans of what to do and where to go when you reach your planned destination. But there are instances that arise, no matter what and how well you plan; there are some things that you cannot handle alone. That is when various travel insurance policies can come in handy which will in turn compensate you when there are unpredicted emergencies while travelling around the world.
There are several types of travel insurance policies to choose from ranging from business travel insurance to multi trip travel insurance. Usually a standard multi travel insurance policy covers death, personal accidents, medical expenses, repatriation loss/delay of checked baggage, passport loss and third party liability. The cost of the travel insurance policy usually depends on a various number of factors which begins from the duration of your trip, the country you plan to visit, the benefits that are included in your plan and also your age.
Another common type of insurance is trip cancellation/interruption coverage. Most of these policies will cover cancellations due to weather, sudden illness or death, military duty, bankruptcy of airline or cruise line prior to departure etc. Then there is also travel insurance which is obtained for medical emergencies. It is advisable that this type of travel insurance coverage is used if you plan on travelling to underdeveloped countries with less facilities or even individuals with constant illnesses who might require medical assistance during the planned trip. Usually these policies cover the cost of professional doctor fees, checkups, medication and in certain instances even medical evacuation out of the country. Travel health policies vary all the time and are not similar from one insurance company to another. It is always best to check with your insurance broker/website regarding the entire policy details.
You should also be alert when purchasing cheap policies since they usually have less coverage and always consider multi trip insurance if you are a regular traveller.
by: Lucy.
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