The Most Common Risks That are Covered by Travel Insurance

By: Shahid Mahmood

Travel insurance is insurance that is intended to cover financial, medical expenses and other losses incurred while traveling, either within one's own country, or internationally. Travel insurance can usually be arranged at the time of booking of a trip to cover exactly the duration of that trip.

Buy Your Insurance Early
It is also recommended to buy travel insurance when you have purchase your hotel and airline tickets. In the event of any emergency (if you are hospitalised, sick etc), you can claim for these cost back from the insurance company even if you have not started your travel.

Travel insurance can be purchased from either travel agents, travel insurance companies or directly from travel suppliers such as cruiselines or tour operators.

Common Risks Covered by Travel Insurance
Travel insurance often offers coverage for a variety of travelers. From student travel, business travel, leisure travel, adventure travel, cruise travel, and international travel.

The most common risks covered by travel insurance are:

  • Cancellation 
  • Curtailment 
  • Delayed departure
  • Loss, theft or damage to personal possessions and money (including travel documents) 
  • Delayed baggage (and emergency replacement of essential items) 
  • Medical expenses 
  • Emergency evacuation/repatriation 
  • Overseas funeral expenses 
  • Accidental death, injury or disablement benefit 
  • Legal assistance
  • Death of an immediate family member
  • Personal liability and rental car damage excess 

Some travel policies will also provide cover for additional costs, although these vary widely between providers.

In addition, separate insurance is required for;

  • High risk sports 
  • Travel to high risk countries 
  • Pre-existing medical conditions

Please note that many travel insurance companies will not insure anyone above 70 years old. Please check with your insurance company if you are above 70 years old. 

Travel insurance companies also provide a 24 hours a day, 7 days a week call center service that can include concierge services and emergency travel assistance.

Travel Insurance
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