What is travel insurance?

What is travel insurance? Travel insurance is an insurance package that helps protect you against financial and health risks and losses that may occur during travel. These risks can include lost or confused baggage, flight delays or cancellations, or medical emergencies.

Typically, insurance consists mainly of two main forms:

• Travel insurance plan canceled

• Health insurance plans for travel.
  

In addition, some insurance companies in Vietnam may classify domestic and international travel insurance to suit the purpose of your trip.

Types of travel insurance:

Travel cancellation insurance

Travel cancellation insurance package will include many policies such as:

Trip cancellation: In case you want to cancel your flight before departure for a valid reason, the insurance company will pay the non-refundable cost of the trip.

Trip interruption: In case you need to return home urgently during the trip due to reasons specified in the insurance such as a burning or flooded house, death of a loved one, you will receive additional expenses so that you can arrange to return early.

Emergency medical expenses: If you get sick or injured during your trip, insurance will cover your medical expenses. Domestic health insurances are generally not responsible for medical incidents that occur abroad or have other restrictive provisions.

Emergency Medical Evacuation: When you are sick, injured or in other emergencies, the insurance company will be responsible for contacting the nearest medical facility so that you can receive adequate health care. The insurance company will organize an emergency evacuation to the nearest medical facility capable of providing appropriate medical care in the most economical form of transportation with all necessary medical facilities.

Repatriation of remains: If unfortunately you have an incident and die during the trip, the insurance policy will have a policy to help bring your remains back to your family.

Baggage: Insurance plans also include a lot of baggage insurance policies, such as lost checked baggage. However, some terms only help you pay additional costs, leaving you to claim compensation from the airline when they lose customer luggage.

Unexpected deaths and accidents: Travel insurance is also responsible in case you unfortunately die in an accident or suffer serious injuries (loss of arms, legs).

Some other policies: You can get many other benefits such as support services, emergency money transfer, personal information theft prevention, plane accidents ... These policies may vary depending on your insurance plan as well as the insurance provider you choose.

Health insurance

Medical travel insurance packages usually do not focus on policies to reimburse expenses related to travel (flight delays, cancellations, etc.), this insurance package focuses on medical benefits. Some of the medical policies in this plan are more beneficial than cancellation insurance, which may have fewer restrictions.

This health insurance plan is usually suitable for people who want to travel longer periods abroad than domestically.

What you should know about travel insurance:

1. Benefits will vary according to the insurance plan you choose

You need to plan carefully before deciding to buy a travel insurance plan, it is important that you choose the right insurance plan for your needs, budget as well as travel plans.

In addition, you should also refer to and compare services between insurance providers to make the most appropriate decision.

2. Insurance does not cover all incidents that occur

Insurance packages have fixed terms and policies. You need to find out carefully or ask a consultant what conditions the insurance can cover and compensate in case something goes wrong.

3. Insurance is not valid in cases that have been warned in advance

Travel insurance is only responsible for unfortunate incidents that have been stipulated in the policy. For foreseeable circumstances such as when a hurricane is about to make landfall in the waters you are about to visit, insurance will not cover the losses you experience.

How is travel insurance applied?

The insurance costs are reimbursed after you submit your claim and are approved. You need to submit an application and evidence so that the insurance company can verify that the losses you have suffered are completely valid.

In some medical emergencies, insurance companies will have policies to support you promptly depending on each specific case.

For domestic insurance packages, the insurance company will also help pay and support in emergency cases when you join trips within the territory of Vietnam.

A small note is that the insurance package for domestic travel will not be responsible for compensation for lost luggage and documents such as international insurance packages.

Where to buy reputable international travel insurance?

Currently, there are many travel insurance companies that offer a variety of travel insurance packages for buyers, but you need to be careful with choosing reputable, long-standing insurance companies in the field.

Reputable travel insurance companies you can refer to the following:

     • Bao Viet Insurance Company

     • Chubb Insurance Company

     • AIG Insurance Company

     • Liberty Insurance Company

If you want to buy an insurance plan for yourself or the whole family, refer to the types of insurance carefully to be able to compare the best travel insurance available today. Each company will have different policies and insurance limits, and some may even be responsible for adventure tourism activities.

Above is an article about the most reputable and quality travel insurance companies today for readers' reference. Thereby, hopefully you have chosen for yourself the right insurance providers when traveling.

Source: baohiem.medplus.vn