What is Travel Insurance?
Article by Chelsi Woolz
In order to decide whether you need travel insurance or not, you must first understand – what is travel insurance? Travel insurance is a short term or temporary insurance that, depending on the terms of the plan you choose, can provide coverage for the medical and financial expenses due to sickness, accident, loss or damage of luggage during travelling. Travel insurance serves a varied clientele such as students, businessmen, leisure travelers, adventure travelers and many others. There are three important types of travel insurance. They are:
1. Accident or health travel insurance:This travel insurance typically provides coverage for any accident or illness that you might sustain during the period of travel. It generally covers expenses related to hospitalisation, intensive care, surgery and outpatient treatment.
2. Trip cancellation travel insurance: There are situations wherein the person misses his flight due to bad health or needs to cancel his flight. This travel insurance typically ensures that your money is refunded to you.
3. Medical evacuation travel insurance: It might happen that the hospital in which you are admitted is not able to treat you properly. In such cases, medical evacuation becomes necessary to remove the patient safely and quickly to his own country. As medical evacuation is very expensive, this travel insurance can provide a great financial help to the patient and his family.
Getting an international travel insurance plan is important but, you should choose a travel insurance plan as per your travel needs. You should read the travel insurance plan carefully to ensure that it covers you and the activities you will do on your holiday.
These days, you can find various travel insurance companies that offer travel insurance plans designed to meet different requirements and budget. If you want to save your time and get the best travel insurance plan, you can look for the travel insurance quotes available online. You can simply visit the websites of travel insurance companies, check the terms of the plans they offer and fill in their application form to get travel insurance quotes within a few minutes. Whatever method you adopt to use, making sure you have the appropriate travel insurance plans for yourself, is the best possible way to help in having a trouble-free and memorable travelling experience.
AAMI is a leading travel insurance, car, home, compulsory third party (CTP) and small business insurer in Australia. AAMI was established in 1970 and today has more than 2.5 million policyholders and millions of incoming telephone calls annually.