A travel insurance policy helps to safeguard you from financial losses due to unforeseen circumstances that impact your trip. There are some standard terms that are covered in the terms and conditions of your policy.
Travel insurance covers you if your trip is canceled or delayed. Of course, certain conditions must be met such as having a medical condition that prevents you from traveling, a natural disaster has occurred or the tour operator has gone out of business. They won’t cover you if you simply have other business or obligations or decide to delay the trip voluntarily. Look for the specifics and any exclusions in the policy.
Security delay insurance is coverage than can be purchased separately to cover you if your trip is delayed due to a terrorist threat or a security threat that causes an interruption of your trip. These conditions are not usually covered in the standard terms of a travel insurance policy.
If you have an accident or other medical emergency while traveling then your policy will pay for the treatment you receive and, if severe enough, transportation home. Some activities like extreme sports may be excluded. Check that the policy pays the medical providers directly or if you must apply for reimbursement after you have the paid the bills out of pocket. Any pre-existing medical conditions should be declared when you apply for the policy or they may also not be covered. Be sure to read the fine print.
If your personal possessions are lost or stolen you may be eligible for reimbursement under your travel insurance. Be sure that if you have expensive electronics, cameras or computers that they are covered in the policy that you purchase. Jewelry over a certain value, furs and other luxury items may be excluded or may exceed the dollar limit of the policy.
The personal liability part of your travel insurance policy provides funds if you should injure someone else or incur legal costs as a result of the injury. If you injure someone in a war situation or while committing a crime this policy provision will likely not cover these expenses.
Most travel insurance includes a number you can call 24 hours a day if you need emergency help. They can assist you with passport issues, refer you to a doctor or hospital for emergency treatment, help to contact your family and provide other resources that you might need in the event of an emergency.
These are the standard terms you should look for in any travel insurance policy. Be sure that you have the specific coverage you need by carefully examining the policy since the standard terms can differ from one insurer to another.