Travel insurance is insurance that is intended to cover financial, medical expenses and other losses incurred while traveling, either within one’s own country, or internationally.
Travel insurance often offers coverage for a variety of travelers. Student travel, business travel, leisure travel, adventure travel, cruise travel, and international travel are all various options that can be insured. The most common risks that are covered by travel insurance are:
- Cancellation
- Curtailment
- Delayed departure
- Loss, theft or damage to personal possessions and money (including travel documents)
- Delayed baggage (and emergency replacement of essential items)
- Medical expenses
- Emergency evacuation/repatriation
- Overseas funeral expenses
- Accidental death, injury or disablement benefit
- Legal assistance
- Personal liability and rental car damage excess
Additional coverage may be required depending destination and or activities.