The days are getting longer and temperatures are creep up the thermostat. We can guess that you’re either dreaming about, or actively planning, your summer vacations to destinations unknown. Should those plans include exploring foreign locales, this would also be the right time to consider travel insurance for your trip.
So, what exactly is travel insurance?
Travel insurance offers travelers coverage for unforeseen problems and/or circumstances that could potentially arise while away from home. Travel insurance generally falls into 2 broad categories:
- Packages that include trip cancellation insurance
- Packages that focus primarily on international medical insurance
In general, and for most of us dreaming of summer adventure, travel insurance provides financial security and/or reimbursement of non-refundable portions of a trip should you need to cancel or interrupt your travel due to a variety of reasons, including:
- Cancelled Flight
- Serious Illness
- Financial Default of Travel Supplier
- Loss of Employment
- Act of Terrorism
Importantly, travel insurance can also cover the costs for lost, damaged or stolen luggage, either in full or as a small reimbursement for items purchased while waiting for luggage to appear. And bonus: most plans/suppliers offer 24/7 assistance with re-booking flights and hotels when necessary. Dealing with unforseen travel problems abroad is already a headache, so having a trusted source to assist is a perk anyone can appreciate.
As with any insurance plan, coverage can, and will, differ from plan to plan, and carrier to carrier. Be sure to read each Description of Coverage to fully understand what a plan is offering. Remember, if its not listed (or specifically excluded) its not covered.
For more information, check out this blog over at thesimpledollar.com or give Atchley & Associates a call today to see what options we can help you with.