Travel insurance

Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or within one's own country

The most common risks that are covered by Travel Insurance Plans are

  • Medical emergency
  • Repatriation of remains
  • Return of a minor
  • Trip cancellation
  • Trip interruption
  • Visitor health insurance
  • Accidental death, injury or disablement benefit
  • Overseas funeral expenses
  • Lost, stolen or damaged baggage, personal effects or travel documents
  • Delayed baggage (and emergency replacement of essential items)
  • Flight connection was missed due to airline schedule
  • Travel delays due to weather
  • Hijacking

Cancellation, Curtailment and Trip Interruption

This section covers any unused travel and or accommodation costs, pre-paid charges (including any additional travel expenses incurred, provided they are deemed reasonable and necessary) if a trip is canceled or cut short under a variety of circumstances, which may include any of the following, depending on the policy:

  • death, bodily injury, illness, disease, or pregnancy complications
  • compulsory quarantine
  • jury service
  • being called as a witness
  • termination of employment (provided you did not know about it before you booked the holiday)
  • being called up if you are a member of the armed forces or other public defense or safety organization
  • prohibition of travel by the government to the intended destination
  • officially recommended evacuation from the intended destination
  • official advisory against going to or remaining at the intended destination

Medical expense coverage can be per-occurrence or maximum-limit

Common Exclusions

  • Pre-existing medical conditions
  • Elective surgery or treatment
  • War
  • Injury or illness caused by alcohol or drug use
  • Terrorism - Most trip cancellation policies include terrorism but only when there is an act of terrorism that meets the policy's criteria including definition, place of occurrence and date of occurrence.
 
Travel insurance can also provide helpful services, often 24 hours a day, 7 days a week that can include concierge services and emergency travel assistance. Pre-existing medical conditions must be declared prior to the trip start date. In case you ignore this requirement and fall ill during your trip abroad, you may find that you are not covered. The European Health Insurance Card (EHIC) entitles to treatment in state-run hospitals in EU countries and Iceland, Norway, Liechtenstein and Switzerland[1] but it is not a substitute for travel insurance.