Travel insurance is financial protection for you and the money you prepay for your trip. You get coverage for the money you lose for trip cancellation & trip interruption plus emergency medical treatment while on your trip.
Travel insurance protects you from a range of risks when you travel. Travel insurance can be purchased to cover a single trip or a multi-travel policy can be purchased which covers any travel you undertake, typically within a year.
Travel insurance provides cover for a range of areas reflected in the main sections of a travel policy. Policies typically have the following six sections – medical expenses, personal liability, personal accident, cancellation and curtailment, delayed and missed departures, and money and belongings.
You may wonder why you should buy special travel insurance for your vacation. It's not just your investment you’ll be protecting; you’re also protecting yourself and your family. If you are involved in a car crash, injure yourself, lose your luggage during your trip, become ill, have to cancel your cruise, or are delayed en route and miss your connection, your ordinary insurance policies may not protect you! While it's true that many cruise lines offer travel insurance and some credit cards include baggage protection and flight travel insurance, those policies are usually limited, and don’t protect you from many serious risks.