What to Know About Travel Insurance

What to Know About Travel Insurance

Taking a vacation? Then make sure you have the right travel insurance in place.

Now that spring sprung, you may be thinking about booking your next vacation. However, with recent global travel concerns like the outbreak of the coronavirus, many people are worried about scheduling travel plans in advance. Fortunately, you can book with confidence if you have travel insurance. Here’s what you need to know about this type of coverage.

What is Travel Insurance?

Travel insurance is a type of insurance policy that offers coverage for a wide array of issues that you could experience leading up to or on vacation. For instance, travel insurance typically offers coverage for the following:

  • Trip cancelation
  • Trip interruption
  • Lost baggage
  • Baggage delay
  • Reimbursement for trip delay
  • Travel medical expenses
  • Travel accident coverage
  • Rental car coverage
  • Emergency travel medical evacuation coverage

Please note that the coverage included in your travel policy will vary depending on your carrier, so make sure you clarify your coverage with your agent.

Where Can I Buy Travel Insurance?

You actually have quite a few options when it comes to travel insurance. For instance, you can secure a policy through travel agencies or directly from a travel insurance company. Additionally, some credit card companies will offer travel-related coverage.  Before settling on a policy, review quotes from multiple carriers to ensure that you are getting the coverage you need at the best price possible.

Always Read the Fine Print

Before signing off of a travel insurance policy, it’s important to read all the fine print. This is because some policies have seemingly arbitrary coverage terms and conditions. For instance, some policies will deny you coverage for hurricanes if the hurricane has already been named. It’s small details like this that can affect the comprehensibility of your coverage. So, carefully review your policy and make necessary adjustments before agreeing to coverage.

These are some of the important things to know about travel insurance. Do you have additional questions about your insurance coverage while you are away on a trip? If so, then contact the experts at 01 Insurance in Astoria, New York. Our dedicated team is eager to get you the coverage that you need today.