Trip insuance protects your vacation investment. After paying for airfare, hotels, meals, and activities, it’s understandable if you’re hesitant to spend more. Travel insurance may be worthwhile if you can’t afford to lose that money if something goes wrong because it costs 5%–6% of your trip. Travel insurance can benefit in the following situations.
If a tour operator goes out of business or you get sick, your trip could be cancelled. Trip cancellation insurance can reimburse prepaid, non-refundable trip costs in these situations.
If you, a family member, or a travel companion gets sick or injured while travelling; the trip cancellation feature can reimburse you for the unused portion of the trip.
‘Cancel any reason’ travel insurance
Trip cancellation coverage only applies if your reason for cancelling is listed in the policy. “Cancel For Any Reason” trip insurance expands cancellation coverage (CFAR). CFAR coverage lets you cancel a trip for any reason at least 48 hours before departure and receive partial reimbursement. Perhaps you stayed home to attend your high school reunion. Travel insurance with CFAR coverage costs 50% more. 75% of trip losses are reimbursed. *
Emergency travel medical insurance
Medical emergencies can ruin a safari in Zambia or a canoe trip in Argentina. You must pay for your medical care if you get hurt or sick while travelling. Travel medical insurance can cover doctor’s fees, hospital bills, ambulance service, medicine, X-rays, and lab work up to your policy limits.
Medical evacuation insurance
Imagine being airlifted off a Swiss mountainside after a hiking accident.
A helicopter or ambulance transport to a nearby hospital for treatment of an injury or illness costs can be prohibitive and excludes treatment costs. Here, your travel insurance benefit can pay for your medical expenses.
Missed flight insurance
Missing a flight is expensive. Missed connection travel insurance reimburses you for missing a flight for a covered reason. This could compensate for a three-, six-, or 12-hour travel delay caused by a mechanical failure on a plane or a storm that prevents a cruise ship from docking. The compensation usually covers tour or cruise catch-up costs.
Flight cancellation insurance
Flight insurance covers storm and blizzard-related flight cancellations. However, with flight cancellations becoming more common for various reasons and complications, it may be worth buying travel insurance for flight cancellations. Flight cancellation insurance can reimburse non-refundable trip costs.
Travellers hate delays. Multi-trip travel insurance can cover restaurant and hotel costs if a flight is delayed due to weather or mechanical issues. The travel delay benefit may reimburse you for unused pre-paid and non-refundable trip expenses or cover costs to catch up or go home.
Travel insurance with baggage insurance can cover lost, stolen, or damaged luggage. Be aware that baggage insurance only covers depreciation, not replacement costs. Items are excluded and capped. Travel insurance also covers baggage delays. While waiting for your luggage, this coverage can cover clothing and toiletries. Baggage delay benefits have a waiting period.
Travel insurance exclusions
A multi-trip travel insurance rarely covers losses caused by your own actions. Medical claims exclusions often include:
- Elective procedures
- Mental healthcare
- Extreme sports
- Routine dental and physical exams
- Normal pregnancy
You must buy travel insurance before the storm is named for it to cover hurricane losses.
Is travel insurance worth it?
You may travel insurance buy online if:
- Your trip is too expensive to lose.
- You’re travelling abroad to a remote area with few medical facilities
- In a hurricane-prone country, you have many pre-paid, non-refundable tours, day trips, and activities.
- You’re flying between destinations.
- You want Covid-related cancellations and medical issues when travelling abroad compensated.
- If you cancel or return home early, you want to be partially reimbursed.
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.