What Is Travel Insurance?

21 Jul 2014

Travel insurance is a type of insurance policy that covers you and/or your family against injuries, disability, death and damages or inconveniences you may suffer as a result of travel-related incidents.

Typically, a travel insurance policy offers only a once-off coverage, meaning you pay for coverage for one specific trip with a fixed time frame, instead of for a series of trips over a certain period or a lifetime. However, there are also a small number of policies that provide annual coverage.

However, some insurance companies may offer various combinations of protection to cater to the specific needs of customers, including long-term annual policies for a frequent traveller.

How Does Travel Insurance Work?

With a travel insurance policy, you pay a premium to the insurance company to be covered for specific scale of benefits and scope of coverage for a fixed period of time. In the event of loss/damage resulting from your travels, the insurance company compensates you and/or your family based on the scale of benefits and scope of coverage as stated in your plan.
A travel insurance can be purchased for you and/or your family to insure against travel-related accidents, losses or interruptions, such as:

  • Personal accident                                 
  • Medical-related expenses   
  • Loss of travel or accommodation expenses due to cancellation or curtailment of the journey
  • Losing your baggage, belongings and money
  • Losing your passport
  • Personal liability
  • Delayed baggage
  • Travel delays
  • Hijacking
  • Repatriation

In fact, everyone must have desired of ideal vacation with family and loved ones. Nevertheless, nobody able to predict worst thing could happen during vacation. Instead of precautions measures, you also can purchase travel insurance for family and yourself as additional protection.

Journey abroad needed more expenses and higher costs compared to domestic vacation. Therefore, travel insurance is one of the wisdom actions for self protection and help you when happened accident or sickness during abroad vacation.

That’s why we in easicircle concern safety of people who like to travel and spending vacation abroad. Therefore, easicircle will soon introduce travel insurance that purposed to protect you and your loved ones along vacation.

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