Travel Coverage in insurance refers to a type of policy that provides financial protection for various issues that might occur during travel. It typically covers the following:
Trip Cancellation/Interruption: Compensation for the non-refundable expenses when a trip is either cancelled or cut short under qualifying circumstances such as illness, accident, or death of a family member.
Lost or Damaged Baggage: Provides reimbursement for lost, stolen, or damaged baggage during transit.
Trip or Baggage Delays: Offers financial compensation for additional accommodation and travel expenses if your trip is delayed for a covered reason.
Missed Connections and/or Changes in Itinerary: Coverage for costs due to itinerary changes or missed transit connections caused by airline schedule changes or other covered reasons.
Casualty losses due to rental vehicle damage: Covers the cost of repair or replacement for a rental vehicle damaged during the trip.
When selecting travel coverage, check the specific terms and conditions of the policy to ensure it meets your needs and understand which reasons for cancellations or interruptions are covered. Regulations surrounding travel insurance can often be found on government websites or the website of commissioned departments like the Department of Financial Services or equivalent in your respective jurisdiction.
