Smart Travel & Incentives Reviews The Need For Travel Insurance

You are about to being your vacation and are wondering about direct travel insurance but you are not sure if you need it.  Direct travel insurance is coverage for when you are on vacation, or otherwise traveling away from home.  Prices and types of coverage do vary, and often times it is best to contact your home insurance company to see if they offer vacation coverage before seeking out direct travel insurance.  

Smart Travel & Incentives is pleased to provide the following information to assist you with answering commonly asked questions including the type of coverage direct travel insurance includes.

Purchasing Travel Insurance

The exact type of coverage you will need will vary depending on your particular needs and where you plan on traveling.  When purchasing travel insurance always be sure to go through the details of your policy, making sure to note any exclusions that may relate to your trip.   Be sure to do this prior to signing the contract and making your final payment.

Medical Coverage

The type of medical coverage you will need depends on where you plan on traveling. The cost of medical care can vary greatly in different countries. Also if you need to be evacuated from another country the costs can be tremendous, and often times outside the financial ability of many people.

For this reason, medical coverage is probably the most important travel insurance to purchase as the cost will seem like pennies when compared to the fees associated with hospital stays or medical evacuation should either situation arise.

What to look for with Medical Coverage

When you are looking at what options are available with different policies be sure that the coverage includes: hospital stays, emergency (or medical) evacuation, unlimited personal liability, coverage for pre-existing conditions, and coverage for someone to accompany you if traveling alone and requiring medical evacuation.

Other than medical, what are the types of coverage available with travel insurance?

Travel insurance covers a variety of different situations that could arise during your vacation or business trip.  Below are a few specifics regarding different coverage to assist you in finding a plan that is right for you and for your family.

Cancellations: If for some reason you need to cancel a holiday or business trip you have already booked and paid for due to a serious injury or illness of yourself or a relative, with this type of coverage you are likely to be able to cover any financial losses.

Delays: Often times flight delays not only impact your travel time, but also can adversely affect your other flights or reservations.  Travel insurance covering delays will greatly reduce the financial impact and help cover costs associated with delays.

Luggage: In the unlucky event your luggage is damaged, lost or stolen you will be glad you purchased travel insurance covering baggage.   Be sure to check whether you are covered for stolen luggage from a locked car or hotel room, what the limits are for coverage, and if your chosen policy reimburses for lost cash.

Rental Cars/Personal liability: When renting a car the rental car company usually offers coverage but it does not always fully cover your personal liability.  This is particularly important in the case of an injury accident.  If you have travel insurance, this portion of the policy may either supplement the rental car coverage or could cover those expenses associated with personal liability if someone is injured. This cover will often include the legal expenses for accident as well.

In essence, protect yourself when investing in your next trip abroad and ensure both yourself and loved ones you leave behind have peace of mind that if there are mishaps, you are covered. Do your homework prior to purchasing a policy and understand exactly what it is you are covered for.


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