What is the definition of Travel Insurance?

Travel Insurance provides coverage and protection against loss while the insured person is travelling. This can include costs associated with lost luggage, trip cancellation because of illness, as well as being a victim of theft while traveling.

There are several types of coverages available for travel insurance. There is coverage for medical emergencies (which reimburses expenses for doctor's fees, medication, as well as emergency transport out of the country). There is also trip cancellation/interruption coverage, which covers the cost of cancellations (flight, hotel, etc.) due to sudden illness or death, bankruptcy of the cruise line or airline and weather. Some plans also cover missed connecting flights, in the event that there is a flight delay.

• Insolvency
• Misstatement of Age or Sex Provision
• Modified Premium Policies
• Moral Hazard
• Comprehensive Coverage