2024-01-01 · specialty, travel

Travel Coverage

Overview

Travel insurance helps cover unexpected costs when trips are disrupted. Common protections include trip cancellation or interruption, emergency medical care abroad, and coverage for delayed or lost baggage. Policies can be purchased per trip or as an annual plan for frequent travelers.

Core coverages

Trip cancellation: reimburses nonrefundable costs for covered reasons.
Trip interruption: covers unused portions of a trip and extra travel home.
Emergency medical: pays for medical care while traveling.
Medical evacuation: covers transport to appropriate care facilities.
Baggage delay/loss: reimburses essentials or replaces lost items.

Common exclusions and limitations

Known or foreseeable events at the time of purchase.
Non-covered reasons like changing your mind or work conflicts.
Pre-existing conditions unless a waiver is purchased in time.
High-risk activities unless specifically covered.

Cost drivers

Trip cost and duration: higher costs mean higher premiums.
Traveler age: older travelers typically pay more.
Destination risk: remote or high-risk areas may increase pricing.
Coverage level: higher limits and add-ons cost more.

How to compare policies

Match cancellation reasons to your most likely risks.
Confirm medical limits and evacuation coverage amounts.
Check existing coverage through credit cards or health plans.
Review exclusions for activities like skiing or scuba diving.

Tips for better coverage

Buy coverage soon after booking to secure pre-existing condition waivers.
Keep receipts and documentation for claims.
Use annual coverage if you travel multiple times per year.

Frequently asked questions

Does travel insurance cover pandemics? Coverage varies; check the policy’s event exclusions and terms.

Is travel insurance worth it for domestic trips? It can be if your trip is expensive, nonrefundable, or has medical concerns.