Trips take a lot of time and effort to plan. Fortunately, after all that planning, travel insurance can protect you against financial losses if you must cancel, delay or interrupt your excursion.
Travel insurance offers coverage against the loss of non-refundable travel costs, such as airfare, hotel and tour expenses. In addition, other types of travel insurance may protect against losses due to medical emergencies, damage to personal property and death that occur away from home.
How Many Types of Travel Insurance Are There?
A variety of types of travel insurance are available. Coverage can be beneficial depending on the trip you’re planning, who will be traveling with you, and what potential incidents could arise that might impact your trip. Sunstar Insurance of Arkansas can assist you with your travel insurance so you can enjoy your trip knowing you have protection if something unforeseen should happen. A few key types of coverage to consider include:
Trip Cancellation/Delay/Interruption Insurance
- Trip cancellation reimburses you for pre-paid travel expenses if you can’t take your trip because you or a family member becomes ill or dies.
- Travel delay reimburses you for pre-paid expenses if you can’t take your trip because of a travel interruption, such as a flight delay or cancellation.
- Trip interruption reimburses you for pre-paid expenses if your trip is cut short because you or a family member become ill or die or because of any other misfortune listed in your travel insurance policy. Some reasons that may be covered include bad weather, airline strikes, terrorism, bankruptcy, jury duty or damage to your home.
Medical/Accidental Death Insurance
- Accidental death covers death or dismemberment at any time during a trip.
- Air flight accident covers death or dismemberment during flight only.
- Common carrier covers death or dismemberment while traveling on public transportation such as a plane, ferry, train, bus or taxi.
- Emergency medical expense reimburses you for medical and emergency dental costs because of an illness or injury while traveling.
- Medical evacuation provides emergency transportation to take you either to a hospital near your area of travel or for transportation back to a hospital near your home.
The two primary types of medical travel insurance policies are short-term medical and major medical coverage. Short-term policies cover a traveler from five days to one year, depending on your policy. Major medical coverage is if you plan to take a more extended trip ranging from six months to a year or longer. We can help you determine if this additional coverage would be beneficial for you for your trip.
Baggage and Personal Effects Coverage
A frequent travel problem is the possibility of baggage and personal belongings being lost, stolen, or damaged. This coverage may also include protection during travel to and from your destination.
Often airlines will reimburse travelers if their baggage is lost or destroyed because of their error. However, there usually are limitations on the reimbursement amount, which makes baggage and personal effects coverage an added layer of protection.
Do I Need Travel Coverage?
Almost half of American travelers have faced fees or had to absorb the cost of losses because they traveled without travel insurance, according to a 2021 survey by the insurer Battleface. And now, following the COVID-19 pandemic, 36% of Americans say they’re more likely to purchase travel insurance for trips abroad, while 34% said they’re likely to do so for domestic trips.
What Much Is a Travel Insurance Policy?
Travel insurance varies by provider. Your premium cost is determined by the coverage you’ve chosen, your age, destination, and the cost of your trip.
At Sunstar Insurance of Arkansas, we can help you explore the various types of coverage available. Call us today to get started on a travel policy that will give you peace of mind, regardless of your destination.