Travel insurance is an insurance intended to cover medical expenses, travel cancellation, luggage loss, flight accident and other losses incurred during a trip.
Travel insurance can usually be issued when booking a trip covering the exact duration of this trip, or a “multiple travel” policy that can cover an unlimited number of travelers within a set time frame. Some policies offer lower or higher medical options; the highest are especially for countries that have high medical costs, such as the United States.
Some credit card issuers offer automated travel insurance when paying for travel arrangements using credit cards, but these policies are generic and special attention should be paid to taking personal requirements into consideration. There are many travel insurance policies available on the market, but it must be taken into account what events are covered by each policy and what exceptions and limitations apply besides other details.
If you are still not convinced of the importance of travel insurance, think about the risks that such a policy covers. Among the most important:
medical repatriation expenses
repatriation expenses in case of death
emergency transport (provided by a specialized crew) to the nearest medical unit
emergency surgeries
in certain situations, the insurer may pay for repatriation and / or funeral expenses
Other events covered
Some policies also provide compensation for events such as flight delay, luggage, luggage loss, loss of documents, loss or theft of the mobile phone and even third-party liability.
outpatient treatment
diagnostic procedures, sanitary materials and medications prescribed by your doctor
treatment under specialized hospitalization
transfer to a specialized clinic, if recommended by a physician
phone expenses, strictly necessary, occasioned by the announcement of the insured event
Other events covered
In return for an additional premium, a medical travel policy can also cover risks associated with recreational sports such as skiing, water skiing, snowboarding, skating, surfing, riding, carting, mountain biking, rafting, mountaineering, etc.
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