Just Curious – Why Do We Need Travel Insurance

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Travel Insurance

Some Definitions for travel insurance:

1. Purchased from a private company or the tour operator, this provides coverage for emergencies abroad such as illness, baggage loss, accidental death/dismemberment. This policy often includes trip cancellation insurance.
2. This insurance must cover personal accident, medical expenses, air ambulance, loss of effects, repatriation costs and all other expenses that may arise as a result of loss, damage, injury, delay or inconvenience occurring to the client.
3. Insurance to cover problems associated with traveling, generally including trip cancellation due to illness, lost luggage and other incidents.

Some of the prominent travel insurance issuing companies:

Access America, BCS Insurance

CSA Travel Protection - Stonebridge Casualty

Global Underwriters – GU AIG

HTH Worldwide Unicare

IMG – International Medical Group – Sirius International

Global Alert Travel Insurance Plan – M.H. Ross Travel Protection Services

MEDEX – Virginia Surety Company

MedjetAssist

MultiNational Underwriters Inc.

On Call International

RBC Insurance – RBC Financial Group

Specialty Risk International Inc (SRI)

Travel Guard – AIG

Travel Insured International

Travelex Insurance Services

TravelSafe Insurance

Travel insurance is also given by banks these days. Look at an example from HSBC bank’s travel insurance policies & FAQ