Many companies selling tickets or travel packages give consumers the option to purchase travel insurance, also known as travelers’ insurance. For example, some travel policies cover damage to personal property, rented equipment, such as rental cars, or even the cost of paying a ransom. In addition, travel insurance may include several types of coverage frequently sold as a package. The main categories of travel insurance include trip cancellation or interruption coverage, baggage and personal effects coverage, medical expense coverage, and accidental death or flight accident coverage.
Travel insurance is a comprehensive insurance policy covering medical and financial emergencies that might arise while traveling abroad. To that end, several travel insurance plans offer protection during overseas travel. These insurance plans provide benefits like loss of checked-in baggage loss or delay, loss of crucial documents like passports, personal accidents, unique facilities like personal liability and personal accident coverage, allowance in case of distress related to hijacking, and coverage for financial emergency assistance. In addition, travel insurance also provides health coverage for medical expenses, dental treatment, transportation to the hospital, and a daily hospital allowance.
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