Travel Insurance

Travel Insurance is a type of insurance policy that covers you from unexpected financial loss and or emergencies while traveling domestically or internationally. As all insurance policies, travel insurance is a remedy for when something goes wrong before or during your trip to limit your liability of bearing all the cost of unforeseen tragedies that may arise while traveling. 

Travel Insurance typically covers: 

• Trip Cancellation or Interruption – Reimburses prepaid, non-refundable expenses if you have to cancel or cut your trip short for covered reasons (e.g., illness, injury, family emergency, natural disasters). 

• Medical Emergencies & Evacuation – Covers hospital bills, doctor visits, and sometimes medical evacuation if you get sick or injured abroad. 

• Baggage Loss, Theft, or Delay – Reimburses you for lost, stolen, or significantly delayed luggage and belongings. 

• Travel Delay Expenses – Pays for meals, accommodation, and transport if your trip is delayed beyond a set number of hours. 

• Accidental Death & Dismemberment (AD&D) – Provides a benefit to you or your beneficiaries if an accident leads to serious injury or death while traveling. 

• 24/7 Assistance Services – Includes emergency hotlines, language translation, and help finding doctors or replacing passports. 

Travel Insurance cover may exclude: 

• Pre-existing medical conditions (unless specifically included) 

• High-risk activities (skydiving, scuba diving, etc.) unless you get an adventure sports rider 

• Civil unrest in destinations with existing travel advisories 

• Losses due to intoxication or illegal acts 

• Unattended baggage theft 

Types of Travel Insurance Policies: 

• Single-Trip Policies – Cover one trip only, from departure to return. 

• Multi-Trip / Annual Policies – Good for frequent travelers; covers multiple trips within a year. 

• Specialized Coverage – For cruises, student travel, business trips, or adventure sports. 

Tips for Choosing a Travel Insurance Policy 

• Compare multiple providers and read the fine print. 

• Check if your credit card already offers some travel protections. 

• Make sure the medical coverage limit is high enough for your destination (especially in places like the US where healthcare is expensive). 

• For international trips, prioritize emergency medical and evacuation coverage. 

Cost Factor 

The price depends on: 

• Trip cost and length 

• Traveler’s age and health 

• Destination 

• Level of coverage selected 

Generally, travel insurance costs 4%–10% of your total trip cost. 

When To Buy Travel Insurance 

The best time is soon after booking your trip—some benefits (like cancel-for-any-reason, upgrades) are only available if purchased within a set number of days from your initial booking.