Various Types of Travel Insurance

There are several various types of travel insurance available. The coverage and limitations vary depending on which insurance company is issuing the policy.

First thing that you should be consider when selecting the various types of travel insurance is anual or single trip coverage.  Both have their advantages and disadvantages.

If you don't travel much, single trip makes more sense.  Why pay for the extra days if you will not be using them.  Also a single trip policy allows you to target your policy to the exact trip your taking. Single trip is best if you travel less than three times per year, or take a specific type of holiday each year, then you only pay for the exact number of days you spend traveling.

 Annual Travel Insurance

The advantage for annual travel insurance is that you don't need to worry about getting covered every time you go on a trip. This is very useful for someone who travels frequently as it works out less than paying for several single trips.  Annual insurance is best if you travel more than three times a year, or if you make last minute travel plans, and don't have time to get covered before you leave.

Beyond single and annual travel insurance most policies offer the following coverage.

Accident or illness medical expenses cover costs incurred due to
injury or illness that occur while on a trip.

Medical evacuation/emergency transportation covers transportation when a medical emergency arises while your traveling which requires transportation to a hospital or other medical facility, or when your required to return home.

Baggage, personal loss, or delay covers losses due to items lost,
damaged or delayed during a trip.

Trip delay covers reimbursement for expenses incurred when a trip is delayed

Trip Cancellation covers non-refundable payments or deposits if a
trip is canceled or interrupted due to unforeseen conditions.