• Annual Travel Insurance Blog

  • Thursday, March 22, 2018

  • Annual Travel Insurance Explained

    Filed Under: Blogging

There are many things people are less aware of when it comes to annual travel insurance. Most terms are difficult to understand if not properly explained. This is a truth valid for most insurance products. Here are some things you may want to know:
• All multi-trip travel insurances may come in different cover levels.
• Emergency medical expenses often refer to the maximum amount of medical costs covered by the insurance policy. It can be 2 million dollars or 10 million dollars depending on the cover level.
• Hospital benefit signifies the amount paid for each day in the hospital. It also depends on the cover level.
• Cutting trip short and cancellation of trip is not one and the same thing, but it generally adds up to the same amounts. Again, it is different from one coverage level to another.
• Delayed departures are also covered differently as per the cover level of the annual travel insurance policy. It can range from 10 to 200 dollars per 12 hours of delay, to 30 to 600 hours per ten hours of delay.
• Personal belongings are insured as well for different amounts as per the coverage level. The same is valid for valuables, money and documents.

In addition, missed departures, legal expenses, catastrophes, death, accidents, financial failure, loss of passport, winter sports, and others are risks that are covered differently by each insurance provider in the annual travel insurance policy for each particular case and for each cover level. Also, deductibles are lower the larger the cover level is.

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