Travel insurance is a type of insurance that covers a wide range of risks associated with traveling, such as trip cancellation, medical emergencies, and lost or stolen luggage. It can provide financial protection for travelers, and can also offer additional services such as emergency medical assistance and transportation.
There are several types of travel insurance available, including:
Trip cancellation insurance: Covers costs associated with canceling or interrupting a trip due to unforeseen events such as illness, natural disasters or the death of a family member
Medical insurance: Covers costs associated with medical treatment and emergency transportation in the event of an illness or injury while traveling
Baggage and personal effects insurance: Covers costs associated with lost, stolen or damaged baggage and personal effects
Emergency evacuation insurance: Covers costs associated with emergency transportation and evacuation in the event of a natural disaster or other emergencies
Travel accident insurance: Covers costs associated with accidental death or dismemberment while traveling
Travel delay insurance: Covers costs associated with unexpected travel delays, such as missed connections or weather-related issues
Travel insurance can be purchased as a standalone policy or as an add-on to other types of insurance, like a health insurance policy. It’s important to understand what is covered and what is not covered before purchasing a travel insurance policy, which you can find out by reading the policy’s fine print.