The primary reason why Travel insurance is important is that it gives the travelers protection when unforeseen events occur after they've booked and paid for their trip. Insurance assist if the the travler needs to cancel because of personal events or mistakes or errors on the travel agencies or airlines side.
Travel insurance companies provides different policies for travelers.
Here are what Travel Insurance covers:
Medical Emergencies - Insurer covers treatments of medical emergencies like accidents or illnesses that may occur on a trip to a foreign country.
Acts of Nature and Terrorism - Travel insurance company covers money people loss if they have to evacuate their vacation location due to severe weather like hurricanes, typhoons, earthquake or tsunamis. If travelers wish to cancel their trip because a terrorist attach occurred at the travel destination, travel insurance will refund the cost.
Bankruptcy - Insurance will cover the non-refundable expenses when cruise lines, airlines or tour operations file for bankruptcy.
Flight Cancellation - When an airline company cancels a traveler's flight, travel insurance refunds the cost of the plane tickets.
Personal Circumstances - Travel insurance refunds the non-refundable expenses when the traveler needs to cancel because of personal reason.
Lost Identification and Cash - Travel insurance will help the traveler when his/her passports and wallets are lost or stolen. The insurance helps travelers replace lost identification and get emergency cash.
For more information on Travel insurance please check myclaimsource.com
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