Life has a way of interrupting our best laid travel plans. When it does, you want to know you are covered. The cost of just one medical emergency while travelling can be financially devastating. Not to mention trip cancellations and delays that can put a strain on your wallet.
Travel insurance is insurance designed to cover the costs and losses and reduce the risk associated with unexpected events incurred while traveling. It is a useful protection for those traveling domestically or abroad.
It is sold as a package and frequently travel insurance may include several different types of coverage. The main categories of travel insurance include trip cancelation or interruption coverage, baggage and personal effects coverage, medical expense coverage, and accidental death or flight accident coverage.
Travel insurance will vary by the provider on cost, exclusions, and coverage. Coverage is available for single, multiple and yearly travel. Per-trip coverage protects a single trip and is ideal for people who travel occasionally. Multi-trip coverage provides protection for numerous trips occurring in one year, but none of the excursions can exceed 30 days. Annual coverage is for frequent travelers. It provides protection for a full year.
