Like all types of insurance, travel insurance coverage comes in many forms and addresses many issues from lost luggage to major medical concerns. Travel insurance rates reflect the options that are added to a basic insurance package so they vary greatly. Decide what coverage you need and then shop for a company that can provide it for a reasonable cost.
To understand the available options, you might want to start with basic travel insurance coverage. These policies provide standard protection with few or no add-ons for the lowest possible travel insurance rates. Not all insurance companies offer exactly the same coverage packages and even when the coverage is the same, the travel insurance rates may not be. There are, however, certain types of protection that any quality plan should offer and you want to be sure that they are included in yours.
You can buy insurance for just about any kind of travel or vacation including cruises, air travel, tours, even vacation rentals and more. Not all coverage is appropriate in all settings so what should you look for in a basic travel insurance coverage policy?
Trip cancellation will pay for losses if it becomes necessary to cancel a trip or to cut a vacation short due to health issues, technical problems, weather and other causes. It will reimburse you for the unused portion of a suddenly ended vacation. If your luggage or other personal items are lost or stolen on a trip, you will be covered for their replacement cost.
Travel insurance coverage pays for medical care if you become sick or injured while traveling. It includes ambulance and other emergency transportation expenses, prescription drugs, lab work etc. You are not covered for routine exams, hearing aids, eyeglasses or other things of that nature. Emergency dental procedures are also covered.
Basic travel insurance rates include compensation for accidental death or debilitating injury sustained while traveling. This is separate from what is called common carrier accident insurance which pays the beneficiary a death benefit if the insured is killed in a plane, train, cruise ship or other type of vehicular crash while traveling.
Most people are unaware of the cost associated with returning a body to its country of origin if someone dies while out of his home country. These costs, including transportation, preparation, containers and administrative fees, can be thousands of dollars. Travel insurance coverage will reimburse for those expenses.
There are many available options to your coverage from hurricane protection to “cancel for any reason” insurance. You can add the ones that address your needs for your total protection. Remember that additional options increase the cost of your travel insurance coverage.