Travel insurance is a short-term policy that protects you from financial setbacks and emergencies that can occur before or during a trip. It safeguards your investment by covering non-refundable costs if your trip is canceled, and provides a critical safety net for unexpected medical emergencies, lost luggage, or travel delays, especially when traveling abroad.
- What It Is: A short-term policy that protects you from financial losses and emergencies while traveling.
- What It Covers:
- Trip Cancellation/Interruption: Reimburses you for prepaid, non-refundable travel costs.
- Emergency Medical: Covers medical and evacuation expenses if you get sick or injured abroad.
- Baggage: Protection for lost, stolen, or delayed luggage.
- Who It’s For: Individuals taking expensive, prepaid, or international trips.
- Key Considerations: Read the policy carefully to understand what events are covered. “Cancel for any reason” coverage is an optional, more expensive add-on.