What is Travel Insurance
In general, travel insurance protects all vacation costs from adverse events, such as cancellation and interruption, and also covers the cost of treatment, loss or damage to property and delays due to transit. Passengers are compensated, if they have to cancel or interrupt their journey, they will also be covered if there is emergency medical treatment, medical evacuation and other situations.
Travel Insurance Categories:
1. Delays and cancellations – including shortening
Cancellation: Payment becomes effective when passengers have booked and paid for their vacation but are unable to board due to personal illness or injury, death (person or family member), adverse weather conditions, airline strikes , terrorism, bankruptcy, sudden employment, jury duty or serious damage to their homes causing them to be uninhabitable due to fire or flood.
Interruption: Insurance companies pay policyholders to foreign policyholders if they have to shorten their travel due to illness, death (passenger or family member), terrorism, weather, airline strikes, bankruptcy, sudden unemployment and more. unfavorable conditions, which mean that, due to events outside the control of the holidaymakers, the journey must be limited.
Delay: This pays the cost of the hotel, food or clothing to passengers in the event of a flight delay. Some plans also cover the cost of catching up with a cruise if further delays would cause passengers to skip boarding.
2. Health & Medical
Medical Evacuation: This provides emergency transportation to a local hospital if the passenger cannot get there alone or back to the hospital near the passenger's home. If the same policy applies to family members, they can also return home
Health and health reasons: Reimbursement of medical and emergency care costs. Almost all travel insurance plans work by paying passengers for treatment. The complaint is usually paid within 7 – 10 days. The foregoing conditions are covered by most policies if the policy is purchased within (up to) 21 days from the date the passenger made the first payment or deposit.
3. Passenger Death:
Air Accident – This applies only to death or breakage during flight. It usually provides the highest coverage due to the relatively low probability of this happening.
Joint Carrier – Includes death or dismantling when traveling on public transport such as airplane, ferry, train bus or taxi.
Random Death – covers death or disassembly at any time during the trip. It usually provides the lowest coverage rate due to higher risk
4. Personal effects: Loss or damage
-Rental Damage to the vehicle – compensates passengers for damage or loss of rental car. It is designed to allow the passenger to reduce the coverage of collision damage (CDW) offered by car rental companies. Liability coverage should still be purchased through a car rental company. Car rental damage coverage is also often part of a credit card used to pay for a car hire that is often matched by coverage provided in politics.
-Loss of costs – pays lost, stolen, or damaged personal items to passengers. This coverage is usually limited to the duration of the journey and is not limited to baggage damaged or lost by the airline. There are two policy limits, total claim and maximum number of items. Some policies also place orders on the type of eligible items – such as gems, notebooks, and sporting goods.
-Assistance Services – Provides 24 hours a day to collect phone counseling and passenger assistance services. This service can be used whenever a passenger needs advice. Make sure you are not leaving your home without it and copying it to several places
Travel insurance is one of the products in the modern world with insurance installed, which is indeed necessary. You will not regret taking it because uninsurance for your travel disaster is a source of great regret for too many holidaymakers every year.
Don't leave home without a toothbrush, a clean handkerchief, a bar of fine soap and travel insurance!