What is Travel Insurance?

Many of us conclude vacation insurance, but few really know what it is and how it can be defined. Knowing what's included helps you get the most out of your protection.

In general, travel insurance protects a traveler's travel expenses against unwanted events such as cancellation and interruption, and also reimburses medical expenses, loss or damage to property and delays in transit. Travelers are compensated when they have to cancel or interrupt their trip, and they are also insured when they need medical emergency treatment, medical evacuation and other situations.

What is Travel Insurance?

The main categories of holiday insurance:

Delays and cancellations - including curtailment

Delay: In the event of a flight delay, the travelers reimburse the costs of the hotel, food or clothing. Some plans also cover costs associated with catching up on a cruise, should another delay cause passengers to miss embarkation.

Cancellation: The reimbursement is made when travelers have booked and paid a holiday but due to personal illness or injury, death (of the individual or a family member), adverse weather conditions, airline strikes, terrorism, bankruptcy can not go aboard sudden unemployment, jury duty or caused by serious damage to their house uninhabitable due to fire or floods.

Interruption: Insurance companies pay money to policyholders abroad, if they have to cancel their trip due to illness, death (of the traveler or a family member), weather, air strikes, terrorism, bankruptcy, unemployment and other unfavorable conditions that mean due to events that are beyond the control of the tourist, a trip must be shortened.

Medical reasons

Medical and health reasons: reimbursement of medical and dental expenses. Almost all vacation insurances work by reimbursing the traveler after they have paid for the treatment on the spot. Claims are usually within 7 - 10 days paid. Existing terms are covered by most of the guidelines if the policy is purchased within (at most) 21 days from the date on which the traveler made the first payment or deposit.

Medical evacuation: This allows for emergency transportation to a local hospital if the traveler can not get there himself or back to a hospital near the traveler's location. If family members receive the same insurance policy, they can also return home.

Death of the traveler

Air Flight Accident - this only applies to death or dismemberment during a flight. In general, the cover provides the highest coverage due to the relatively low probability of this occurrence.

Common Carrier - Covers death or mutilation while traveling on public transport such as plane, ferry, train or taxi.

Accidental death - covers death or mutilation at any time of your journey. In general, the lowest coverage offers due to a higher risk

Loss or damage of personal effects

Lost Baggage - reimburses travelers for lost, stolen or damaged personal items. This coverage is usually limited to the duration of the trip and is not limited to baggage that is damaged or lost by the airline. There are two policy limits, total claim and maximum per item. Some policies also limit the types of items for which claims can be made, such as jewelry, laptops, and sporting goods

Car Rental Damage - Travel travelers for damage or loss to a rental vehicle. It is designed so that the traveler can refuse the CDW insurance (CDW - Coverage Damage Waiver) offered by the car rental companies. The liability insurance should continue to be acquired through the car rental company. Car rental damage coverage is often included in the credit card used to pay for the rental car fee, which often corresponds to the coverage provided for in the insurance policy.

Assistance Services - Provides 24-hour telephone counseling and help service for travelers. This service can be used at any time when a traveler needs advice. Make sure you do not leave the house without it.

Finally

Vacation insurance is the only product in the modern insurance-saturated world that really matters. You will not regret having taken it out, but not being insured for your travels is a source of great regret for far too many vacationers each year.

Do not leave your home without your toothbrush, a sketchbook, a soap and a holiday insurance!

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