What is travel Insurance and what risks does it cover?


Travel insurance policies offers lots of advantages such as medical expenses, loss or delay of baggage or passport, personal accident, financial emergency assistance and hijack distress allowance and as well covers expenses incurred due to delayed flight, cancellation of trip, etc. It also takes care of valued assets left at home. Thus, this makes sure all travel uncertainties.

In other words Travel Insurance‘ means insurance against loss, injury, damage or expense caused by accident, injury, sickness, theft, cancellation or interruption of travel arrangements or other events or threats arising during or in connection with travel or intended travel by an insured person. As mentioned it is proposed to cover medical expenses, financial (such as money invested in nonrefundable pre-payments), and other losses incurred while traveling, either within one’s own country, or internationally.

Travel insurance can normally be arranged at the time of booking of a trip to cover exactly the duration of that trip or a wider, continuous insurance can be purchased from travel insurance companies, travel agents or directly from travel suppliers like cruise lines or tour operators. However, travel insurance purchased from travel suppliers tends to be less comprehensive than insurance offered by insurance companies. Travel insurance often offers coverage for a range of travelers. Student travel, business travel, leisure travel, adventure travel, cruise travel, and international travel are all different options that can be insured.

The most common risks that are covered under a travel insurance policy are :

  • Medical expenses
  • Emergency evacuation/repatriation
  • Overseas funeral expenses
  • Accidental death, injury or disablement benefit
  • Cancellation
  • Curtailment
  • Delayed departure
  • Loss, theft or damage to personal possessions and money (including travel documents)
  • Delayed baggage (and emergency replacement of essential items)
  • Legal assistance
  • Personal liability and rental car damage excess

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