Begin by learning the basics about the typical types of travel insurance that provide valuable benefits in a solid travel insurance policy.
Trip cancellations: Trip cancellation insurance reimburses your non-refundable, pre-paid deposits if you need to cancel your trip for a reason that’s covered by the policy, such as death, illness or injury, a job lay-off, military deployment, family emergencies or severe weather.
trip delays: Covers the extra expenses you have to pay if there’s a delay caused by a reason covered by the policy, such as an airline weather delay. Travel delay insurance can also provide reimbursement for hotel stays and meals and non-refundable deposits you lose due to delays.
Trip interruption: Reimburses the non-refundable deposits for bookings and activities you miss out on if you have to cut your trip short. For example, if you’re injured and have to return home, trip interruption insurance could reimburse you for the hotel deposit you lost for the unused nights. This benefit will also cover the costs associated with returning home, such as a plane ticket.
Emergency medical: If you’re sick or injured while traveling, travel medical insurance can pay for doctor visits, X-rays, prescription medication and more. If you need medical evacuation, medical travel insurance pays to transport you to the nearest adequate medical facility.
Baggage loss and delay: Baggage insurance reimburses you for the depreciated value for lost, damaged or stolen luggage and personal belongings covered by your policy while you are traveling. Baggage delay insurance compensates you for the personal necessities you buy if your luggage arrives after a specified time listed in your policy.