Travel Insurance

As enjoyable as travel can be, it comes with risks. Insurance can protect you from certain financial losses that statistically happen pretty frequenly during travel. For example, if you have to cancel your trip and reservations, trip cancellation/interruption benefits can reimburse you for your non-refundable, pre-paid trip costs (up to the amount of your plan limits). If your baggage is stolen or damaged, baggage loss/damage benefits can reimburse you for that loss. Also, depending on the plan you choose, travel insurance also can reimburse eligible medical costs in case the type of emergency is covered by your insurance. It can reimburse you for losses caused by a covered travel or baggage delay. It can protect you from paying for rental car damage or loss. It help in other situations as well. The potential benefit is much greater than the relatively small cost.

The answer is, it depends. Coverage may include:

• Trip Cancellation
• Trip Interruption
• Emergency Medical Transportation
• Emergency Medical / Dental
• Lost / Stolen / Delayed Baggage
• Travel Delay
• Change Fee Coverage
• Loyalty Program Redeposit Fee Coverage
• Rental Car Damage Protection
• 24-Hour Hotline Assistance

Note: What is covered depends on your plan. You will not have all of the above covered by an individual plan, unless specifically stated in the policy details. 

Well, it  on a number of factors. You want to consider:

• your budget
• your destination
• the cost of the trip
• who and what you are traveling with
• your purpose for travel
• other situational details

If your biggest worry is protecting your vacation investment in case of a last-minute cancellation or trip interruption, then you need a plan with trip cancellation/interruption benefits. If you’re more concerned about mishaps that occur while traveling — such as baggage loss or delay, or trip delays — look for a plan with post-departure benefits. And to protect yourself in case of a medical emergency while traveling, we recommend a plan that includes emergency medical and emergency medical transportation benefits.

Unfortunately, many health insurance plans do not. Additionally, many hospitals overseas require upfront payment. Therefore, it is wise for you to check on the specifics of your current health insurance plan to know exactly what is the case.

Travel insurance cost depnds on the plan you select. Also, the price varies depending on a number of factors such as why and where you are traveling and who and what you are traveling with.

In general, though, you should expect a plan will cost anywhere from 4%-10% of your total trip cost. For example, if you purchased a trip with a total cost.