21 Feb Planning a Vacation? Don’t Forget to Pack Your Travel Insurance!

Vacations are supposed to be relaxing and hassle-free. That’s why we spend so much time planning the perfect getaway. Unfortunately, the universe doesn’t know (or care) about our travel plans. Things can still go wrong. When they do, Travel Insurance can be there to help.

Travel Insurance is designed to limit financial losses caused by various travel-related risks. These losses can range anywhere from a few hundred dollars to tens of thousands of dollars. Many types of travel insurance policies are available, but there are a handful of coverages that most travelers are likely to need.

Trip Cancellation. Reimburses pre-paid, non-refundable travel expenses if your trip is cancelled for a reason that is covered under the policy, which may include:

• an injury, illness or death involving you, a family member or a travel companion;
• a natural disaster or act of terrorism that affects your destination;
• the bankruptcy or financial default of your travel supplier; or
• an unforeseen work-related obligation.

Medical Emergencies. Covers emergency medical and dental treatment that is needed while traveling abroad. Treatment for pre-existing conditions is typically not covered.

Emergency Medical Evacuation. Covers emergency evacuations and medically-equipped transportation. Policies may also provide repatriation of remains coverage.

Lost or Delayed Baggage. Covers personal belongings if your baggage is lost, stolen or damaged. Baggage delay coverage reimburses the cost of buying essential items that are needed while waiting for your baggage.

Trip Delay. Reimburses expenses, like food and lodging, that are caused by travel delays.

Here are a few tips to remember when purchasing travel insurance.

• Choose a policy that matches your vacation plans and financial situation.
• Travel Insurance has distinct coverages, conditions and exclusions. Read your policy carefully.
• Don’t assume your homeowners’ or renters’ insurance policy will provide sufficient (or any) travel-related coverage.
• If you’re traveling with expensive items, like jewelry or sporting equipment, you may need a personal property floater to cover them.

If you’re planning a trip, visit Setnor Byer Insurance & Risk’s Travel Insurance portal to get real-time online price quotes for various Travel Insurance plans, including cruise, single-trip and multi-trip plans.

Please contact us if you have any questions about Travel Insurance or would like to learn more about getting a free quote.