Leading travel insurance companies offer policies to meet almost every type of traveler. They earn points for comprehensive coverage including trip cancellation and travel delay reimbursement, medical expenses and evacuation and baggage coverage. They also offer a wide array of policy add-ons like accidental death, extreme sports and valuable items.
1. Trip Cancellation
A good travel insurance policy can reimburse travelers for nonrefundable, prepaid expenses like airfare, hotels and tours. But be sure to review the policy for the exact reasons that qualify for reimbursement, which tend to include unforeseen illness or injury, death of immediate family member or employer and mandatory evacuation due to a natural disaster.
The premiums for these policies are typically affordable, too.
2. Trip Interruption
Most comprehensive travel insurance policies include trip interruption coverage, sometimes called Interruption For Any Reason (IFAR). This type of protection can help cover expenses related to unexpectedly ending your trip and returning home for a reason not covered by regular cancellation or delay coverage.
IFAR typically reimburses travelers for lost prepaid and non-refundable trip costs, as well as additional transportation costs to get home, when certain requirements are met.
3. Medical Coverage
Heymondo offers a wide variety of plans for students, families and travelers on business. The company’s policies focus on medical protection and include a benefit that pays doctors upfront while the insurance company handles the bill.
Other travel insurance providers offer unique coverages that address specific concerns, such as adventure sports, high limits and pre-existing conditions. InsureMyTrip is one of these companies that allows you to compare multiple plans using a single form.
4. Baggage Coverage
When airlines mishandle baggage, travel insurance policies cover the cost to recoup lost items. It’s important to read your policy to understand per-item limits, exclusions like pricey jewelry and typical coverage costs.
Use our search tool to filter for plans that include baggage loss/damage coverage. This will help narrow your options and ensure you’re getting the best possible plan for your trip.
5. Emergency Medical Evacuation
A travel insurance policy with evacuation coverage will pay for the cost of transporting you to an overseas world-class medical facility. It may also pay for the transportation of family members back to their home in the event of your death on vacation.
Repatriation coverage pays for the costs of returning a dead person’s remains home. This is a great supplemental coverage to have, particularly for trips that include adventure sports like bungee jumping or skiing in remote areas.
6. Trip Delay
Travel delay coverage reimburses travelers for expenses incurred during a long trip delay that isn’t caused by something within their control. This usually includes lodging and meals, up to the maximum coverage limit.
It typically covers delays on common carriers, such as airlines, trains, buses and passenger boats. It is often included in credit card travel insurance packages or sold separately as a stand-alone policy.
7. Lost or Stolen Luggage
Luggage loss or theft happens to millions of travelers yearly. It can be a nightmare, but travel insurance with baggage coverage can help.
When submitting a luggage claim, documentation is key. Keeping receipts for high-value items is essential when traveling, and many insurers require them in order to reimburse you for lost items. Generally, these items are reimbursed at 75% of their actual cash value.
8. Baggage Delay Coverage
Whether you’re traveling on vacation or business, lost or delayed luggage can ruin your trip. This is why travel insurance typically includes baggage coverage.
This coverage is secondary, meaning that it only provides reimbursement if the airline fails to provide compensation. Also, the amount reimbursed is typically capped per day. Keep receipts of high-value items to make the claim process easier.
9. Trip Interruption Coverage
Many travel insurance providers offer trip interruption coverage. This reimburses you for lost pre-paid trip costs if your trip is interrupted for reasons like illness or natural disaster at your destination.
Some providers even provide Cancel for Any Reason coverage, which reimburses you if you cancel for any reason other than an excluded health condition or work-related issue. Using a comparison site can help you find the right plan for your needs.
10. Emergency Medical Coverage
Medical coverage is typically included in all travel insurance plans. This includes Emergency Medical expenses and medical transportation. It is also often primary, meaning it pays a claim before any other health insurance does.
Some policies exclude pre-existing conditions, but many offer a pre-existing condition waiver. Additionally, some include coverage for high-risk activities. These companies also provide helplines for travelers who become sick or injured.