Travel Insurance
Be sure that your health & safety is insured while abroad, as well as your valuable possessions.
Travel Insurance: Business & Personal
The world is now a global village, and travelling abroad or between cities is easier than it was before. For this reason, the number of people travelling around the world for both business and personal reasons continues to increase. Travelling is fun, but it also has some risks such as accidents, losses due to interruptions, baggage damage or theft and medical emergencies.
Travel insurance protects you by covering any losses that can occur due to all the events that can affect your trip, no matter whether they happen before you travel, during travel or after travel. Ensuring that you have a travel insurance policy when planning your trip can help you change an awful travel experience should their be unforeseen circumstances.
Types of Travel Insurance
The two main types of travel insurance are domestic travel and international travel insurance.
Domestic Travel Insurance
This insurance type covers the risks that you may face when travelling within your country. Most people see this domestic insurance unnecessary, but domestic trips also have risks that can lead to huge losses. Domestic travel insurance cover delays, loss/damage of luggage, cancellation of trips, legal liability and rental vehicle insurance excess. People with pre-existing medical or mental conditions and those going for adventure sports may be excluded or required to pay higher premiums.
International Travel Insurance
International travel may have more risks than domestic travel due to factors such as a difference in laws and systems, high possibility of delays, cultural differences and delays in accessing help from home if something goes wrong. For these reasons, simple issues that you can quickly solve in domestic travels can easily become difficult and expensive to resolve when abroad.
International travel insurance covers risks such as overseas dental and medical expenses, lost or stolen luggage, accident death or liability, liability cover and any financial loss due to cancellation and rescheduling of arrangements.