Travel Insurance Coverages
Vacation Trip Insurance, Annual Trip Insurance, Holiday Insurance
Oct 17, 2006
The trip insurance policy (also called travel insurance or trip cancellation insurance) helps protect travelers from the worst if a vacation is cut short, or if someone falls victim to a number of possible calamities. 17 million people buy Web travel insurance each year, spending more than $1 billion on coverage for their families while on the road. Annual trip insurance provides protection for quick weekend getaway trips taken whenever the mood strikes, and vacation trip insurance provides coverage for once-annual-with-tons-of-planning trips.
Vacation Insurance Coverages
Vacation insurance provides coverage for just about everything that might go wrong on a trip, including:
- Medical coverage provides protection in case an individual or a family member become ill and needs medical treatment;
- Trip interruption insurance reimburses the policyholder if they have to suddenly end a nonrefundable trip;
- Theft coverage in the vacation insurance policy provides additional coverage in case any luggage or personal effects are stolen;
- Coverage for accidents, emergency travel and assorted health services are also available from trip insurance providers.
Holiday Insurance Costs and Considerations
Consider whether or not to buy holiday insurance coverage for the next family vacation:
- The cost is approximately 5-7% of the trip, or $250-$300 for trip cancellation insurance for a trip that cost travelers $5000;
- Frequent travelers should consider buying an annual, multi-trip insurance policy instead of purchasing a new holiday insurance policy for each vacation;
- Find out if luxury trip interruption insurance is a better option;
- Read the latest news about holiday insurance on the insurance blog.
And finally, don’t buy annual trip insurance or vacation trip insurance coverage from a travel provider, say the experts. Instead, work with one of the many companies who offer trip insurance to find the best policy with the best coverages.
Read up to date news and articles about vacation insurance on the writer's blog.
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