Everything you need to know about travel insurance
Why do we need travel insurance? Travel insurance protects travelers against adverse events such as cancellation and interruption of travel. It reimburses the traveler regarding medical expenses incurred, loss or damage of property and transit delays.
How can you make the most of your travel insurance?
There are four main categories of travel insurance, namely Health & Medical, Delays & Cancellation, Death and Damage or Loss of property.
Emergency evacuation: Guarantees emergency transportation to either a local hospital in the event that the traveler is unable to use own form of transport. Another option is to have the traveler transported to a hospital closer to home. If family members are covered on the same policy, they can also travel back to their home destination with the patient.
Medical reasons: Reimburses emergency medical and dental costs incurred by travelers. The majority of holiday insurance policies reimburse the traveler after they have paid locally for treatment. Medical claims are usually paid within 7 – 10 working days. Pre-existing medical conditions are covered by most policies if the policy is purchased within a maximum period of 21 days from the date the traveler made the first payment or deposit.
Cancellation: Reimbursement comes into effect if travelers have booked and paid for a holiday, but are unable to follow through with their plans due to personal illness or injury, death of either the individual or a family member, adverse weather conditions, transport strikes, terrorism, sudden unforeseen unemployment or by sustaining serious damage to their home caused by a natural disaster.
Delay: Travelers are reimbursed for hotel, food or clothing expenses in the event of a flight delay.
Interruption: Insurance companies usually reimburse travelers abroad if they have to cut their trip short due to illness, death, terrorism, weather, airline strikes and other adverse conditions. These conditions refer to events outside the control of the traveler.
Accidental death: Covers death or dismemberment at any time of your trip.
Air Flight accident: Covers death or dismemberment during an air flight only.
Common carrier: Covers death or dismemberment of the traveler while traveling on public transport such as a plane, ferry, train bus or taxi.
Baggage loss: Reimburses a traveler for lost, stolen or damaged personal items. This coverage is usually not confined to baggage damaged or lost by the airline, but covers the duration of the trip.
Hire Car damage: Reimburses travelers for damage or loss to a rental vehicle. Liability coverage should still be purchased through the car rental company.
Assistance services: Guarantees a 24-hour telephone advice and assistance service to travelers. This service can be used anytime a traveler needs advice. Be sure to keep this number in several places in your luggage or on your person when you move around.
We trust that these travel insurance guidelines will alert you to the issues you should address when taking out travel insurance for your next trip.