Travel insurance protects tourists against common nuisances like lost luggage, bad weather, closed business and so on. Some policies also cover the more unusual occurrences like terrorist activity and accidents. These events, although not common for the average traveler, may be of concern to a tourist should they be doing business in dangerous territory.
When doing travel insurance comparisons, one should note that there are dozens of unscrupulous dealers out there selling travel insurance policies that are in fact unregulated and could lead to loss of money and time. In order to benefit from the cover, one should purchase the policy from a state regulated insurance plan and be sure to read all the fine print before signing papers.
A properly regulated and legitimate policy provider should have a name and be listed. The ‘trip protection plan’ popular with travelers is not state regulated nor does it operate under preset rules, so such plans should be avoided. Pre-existing conditions should be carefully looked into before jumping onboard, because some providers may deny coverage based on excuses relating to pre-existing conditions.
For instance, should a traveler suffer anxiety attacks during a flight and end up in the hospital, the insurer may repudiate coverage, especially if it turns out the sufferer is undergoing lifelong depression treatment. While taking notes on travel insurance comparison, it is important to note that some types of travel insurance are bad value for money and should only be considered if the buyer has specific needs and understands the downsides.
Flight insurance and Trip Cancellation are some high priced add-ons that travelers may choose to add to their package but they may be poor investments. A trip cancellation cover is only useful if the value of that particular flight justifies it. People who travel outside the country often may need travel health insurance for safety reasons, but a thorough medical evaluation is required.
Baggage insurance is useful to people carrying expensive items that would be impossible, difficult or expensive to replace but in some cases, airline baggage coverage usually works. Be sure to get all the details regarding the cover you want before actually purchasing it.