Travel insurance is often viewed as a mere inconvenience when booking a vacation; however, it can often protect your investment against unforeseen circumstances, thereby making it extremely practical for most travelers.
Perhaps the reason that many people choose to forgo travel insurance is simply because they don’t understand just how useful it can be.
The following questions and answers regarding travel insurance are designed to clear up any misunderstandings about travel insurance so you can make the best decision regarding your travel insurance options:
Q: What is travel insurance?
A: Travel insurance is insurance that is purchased to cover unforeseen travel-related expenses. Most travel insurance policies cover travel cancellations due to illness, sever weather and medical emergencies. It may cover such expenses as lost luggage, non-refundable plane tickets and medical evacuations, just to name a few.
Q: Does travel insurance cover international travel?
A: Yes; you can purchase travel insurance specifically for international trips. It can cover your travel for a weekend or as long as a 12-month stay abroad.
Q: What kind of travel insurance is right for me?
A: There are many questions that a travel agent will ask you regarding your travel plans, and your answers to these questions will often determine what type of travel insurance you need. There are numerous types of travel insurance packages available, from basic plans to premium plans. Travel insurance policies will usually differ regarding price, benefits and dollar limits.
Q: Where can I purchase travel insurance?
A: You can purchase travel insurance through a travel agent, or you can purchase travel insurance through an online company. Many times, purchasing travel insurance online saves quite a bit of time and hassle, but make sure you are dealing with a reputable company before purchasing travel insurance online.
Q: Will travel insurance cover my medical needs?
A: Perhaps. Travel insurance with medical coverage is often necessary when traveling abroad, as your standard medical insurance is often not valid in other countries. Comprehensive travel insurance with medical coverage often covers emergency medical treatment, medical evacuations and hospital stays.
Q: How much does travel insurance cost?
A: Although travel insurance will vary depending on your dollar limits and benefits, a comprehensive travel insurance policy generally costs between 5 and 7 percent of the total cost of your trip.
