lhia logo bar
Fall 2019  Volume 12, Number 3        
 

Travel Insurance for Peace of Mind

The last thing you want to think about when planning your dream vacation is canceling your trip. Still, it pays to plan ahead and travel insurance can be one of the most important items you take.

Travel insurance generally covers trip cancellations, medical emergencies, travel delays and lost luggage. Medical and medical evacuation benefits are built into most travel insurance policies. It also can pay for the costs of getting you home if the hospital determines it's necessary.

With trip cancellation coverage, you get a 100 percent refund of your trip expenses if you cancel before leaving for a reason covered by your policy:

  • Sickness or injury
  • Your death or death of a family member or traveling companion
  • Hurricane damages to your destination or flight cancellation
  • Laid off from work or required to work
  • Terrorist incident at your destination
  • Travel supplier bankruptcy
  • Called for jury duty
  • Military deployment
  • Divorce or legal separation

Trip Interruption coverage covers many of the same reasons as trip cancellation coverage. Policies with trip interruption also cover additional transportation costs if you must return early and costs for the lost portion of your trip.

Some travelers chose to upgrade to "cancel for any reason" coverage. It offers a partial refund of expenses, usually 75 percent, for reasons not listed under trip cancellation. Adding this coverage will increase premiums about 40 percent and must be added 14 to 30 days after you book your trip.

Travel insurance also can cover travel delays when you miss a flight and helps pay for meals and hotel accommodations. Missed connection coverage pays for costs if you missed your departure for a reason covered by your policy, such as severe weather, a mechanical breakdown, or accident on your way to the airport.

To qualify, you generally should buy insurance within 15 days of booking your trip.

 

[return to top]

 

 

 

 

 

In this issue:

This Just In...

Benefits of Hospital Indemnity Insurance

Important Changes to Medicare Part D

What to Know: Long-term vs. Short-Term Disability Insurance

Travel Insurance for Peace of Mind

 


The information presented and conclusions within are based upon our best judgment and analysis. It is not guaranteed information and does not necessarily reflect all available data. Web addresses are current at time of publication but subject to change. SmartsPro Marketing and The Insurance 411 do not engage in the solicitation, sale or management of securities or investments, nor does it make any recommendations on securities or investments. This material may not be quoted or reproduced in any form without publisher’s permission. All rights reserved. ©2019 The Insurance 411. www.theinsurance411.com Tel. 877-762-7877.