Travel insurance is a type of insurance that covers the costs and losses associated with traveling. It is useful protection for those traveling abroad.
Most travel insurances cover the following:
- Accidental Death
- Medical Expenses
- Emergency Medical Evacuation
- Baggage Delays
- Loss of Passport
- Personal Liability
- Flight Delay
- Trip Cancellation
- And More.....
Travel insurance will vary by the provider on cost, exclusions, and coverage. Coverage is available for single, multiple, and yearly travel. Per-trip coverage protects a single trip and is ideal for people who travel occasionally. Multi-trip coverage protects numerous trips occurring in one year. Annual coverage is for frequent travelers. It protects for a full year.
In addition to the duration of travelers insurance coverage, premiums are based on the type of coverage provided, age of the traveller, the destination etc. In this post-COVID-19 world, even if you have not purchased travel insurance before, you might want to consider it now.