People love to travel but a mis fortune can spoil your mood, and ruin your
perfectly good vacation. The travel insurance policy protects and provides
you assistance when things do not go as planned. Right from reimbursing
lost luggage or helping paying medical bills in foreign countries. With travel
insurance acting as your #SafetyNet, you can rest assured you are safe
against financial losses associated with flight delays,loss of baggage or
medical emergency whether you are in another city or other country.
Trip Cancellation Insurance covers:
It covers your prepaid, non refundable trip costs as well as extra money
we may spend on unseen emergencies during the trip. These trip
protections include coverages for trip cancellation, trip delay, emergency
medical etc.
● Death of your travel companion or family members.
● Injury or illness
● Complications from pregnancy
● Traffic accident
● Mechanical breakdown or other failure
● Mandates shutdown of airport or air traffic control system.
● Airport shutdown due to fire or power outrage
● Sudden weather
● Your trip lodging due to natural disaster, vandalism or burgalry.
● Hurricane warnings
Trip Cancellation Insurance does not covers:
● Alcohol
● Committing felony
● Dental treatment
● Harmful activities such as skydiving
● Mental health disorders
● Pregnancy
● Self-farm
What is “cancel for any reason” coverage?
If we want to cancel the trip for any reasons, consider buying “cancel
for any reasons” (CFAR) coverage. The premium will add 50% cost of your
trip cancellation insurance and will give you flexibility with plans.
Its coverage reimburses up to 75% of your non refundable trip costs but
you have to cancel at least 48 hours to make that claim.
How much does trip cancellation insurance cost?
The basic policy covers a typical cost between 5% to 10% of total cost of
trip. For example, if you take insurance for a $5,000 safari trip to Africa, this
insurance might cost between $ 300 to $ 600.
How much you pay for trip cancellation insurance will depend on plan
and level of coverage, number of travels, their ages, trip length and
expenses.
Travel Insurance Company List :
- WorldTrips (Worldwide)
- Travel Insured International (Worldwide)
- Nationwide (USA)
- Travelex (UK)
- PolicyBazar (India)
- NivaBupa (Australia)
- Giggulf (UAE)
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