May 19, 2014
Insurance coverage is probably the last thing on most people’s mind when preparing for a business or a leisure trip. Yet, obtaining insurance coverage while traveling can help individuals mitigate some of the risks that are inherent with any travel, either domestic or international. Just like homeowners insurance and car insurance policies protect consumers from liability risks, so too do traveler’s insurance policies.
Most travelers insurance polices provide coverage against a wide variety of eventualities including trip cancelations, medical issues and emergency travel services. Such protection can be vital for travelers. Most U.S. health plans for instance, do not pay for health related expenses incurred while traveling outside the U.S and its territories, except in a very narrow and specific set of circumstance. Similarly, domestic automobile insurance firms rarely cover events like trip cancelations and emergency roadside assistance outside the U.S.
The benefits offered by a traveler’s insurance policy varies widely by insurance provider. Typically, a standard traveler’s policy will provide coverage for medical expenses, including emergency evacuation, rental car collision coverage and trip cancelations. If you are planning a trip and would like to learn more about the benefits of traveler’s insurance, please contact Gateway Professional Insurance Services in Vacaville, California.