The Good and Bad Side of Air Travel Insurance
Air travel insurance policies, also known as travel insurance, will cover lost baggage, emergency medical expenses, private tour cancellations, delays and many other issues that could potentially ruin your trip. They will also offer cash benefits for baggage delayed too long or luggage lost due to a break in transit. But are these benefits really worth the risk?
Saved from Escalator Accidents
There have been many cases of passengers being injured by an escalator during their trip. The biggest cause of accidents is usually a seat belt slipping out of a seat and falling over, exposing passengers to a fall.
In such cases, travel insurance will reimburse you for both your clothes and shoes, if you’re wearing them at the time. If the accident happens while you’re travelling abroad, the travel insurance will cover up to 5,000 euros (USD $5,400) for medical expenses and at least 6,000 euros (USD $6,400) for lost or damaged luggage.
When driving overseas, you need to make sure you have at least basic car insurance coverage. When you are driving in another country, you need to purchase insurance for it. In some cases, car insurance policies don’t cover cars parked outside of your home country.
Travel insurance policies cover any accidents and loss of your car when it is parked in another country. If it’s your fault, you will be compensated up to 1,000 euros (USD $1,100) per day for accidental damage to the vehicle. If you get into an accident while driving abroad, your travel insurance will cover up to 5,000 euros (USD $5,400) for medical expenses, including repatriation and up to 4,000 euros (USD $4,900) for the car itself.
In the event that your flight is delayed for over six hours, travel insurance will reimburse you for the expenses you have incurred because of the delay. This includes meals and accommodation, lost workdays, and accommodation for other passengers who have had to share a hotel room with you.
This benefit is limited to domestic and international flights. But, in rare cases, if your flight is stranded due to weather conditions, it is covered under international travel insurance.
Some travel insurance policies exclude specific countries and destinations that you cannot travel to due to various reasons. For example, if you have travel insurance for the US, but you’re planning to travel to China, the insurance will not cover you.
If you do get into a dispute with the insurance company, or lose the paperwork that covers you in your country, you can still challenge the claim and try to get the situation resolved. But, it’s wise to get a travel insurance that includes coverage for any restricted travel.
Lost Travel Documents
Travel insurance offers immediate access to cash to cover unforeseen expenses. Sometimes, you might need a travel insurance policy immediately to ensure you have the funds available to get back to your country. If you have travel insurance, you can easily withdraw funds to cover any expenses you might incur during your trip. However, if you’re travelling to another country, you need to consider what your local government policy will do.