Visiting new places can be exciting, but traveling has risks. Whether for business or pleasure, it is important to understand and consider these risks.
What are the risks?
1. Trip cancellations or delays
Many hotels, resorts, and airlines have nonrefundable terms after a certain period of time. Travel insurance can provide coverage for these trip cancellations or interruptions up to a certain limit. Additionally, if you need a temporary hotel for lengthy delays due to sickness, inclement weather, or natural disasters, you may find that travel insurance will reimburse you for those expenses.
2. Lost or delayed baggage
When your baggage doesn’t make it to your destination in time – or worse, doesn’t make it all – it can cost time, money, and effort to replace your personal belongings.
3. Getting hurt or sick while out of the country
When traveling abroad, your health insurance may or may not provide coverage internationally. This can be a financial headache when it comes to paying for your care. Developing countries can also lack access to quality medications or adequate health care services. Travel insurance will not only provide you with excess medical expense coverage, but some premier insurers provide an in-house team of medical resources that can provide advice and ensure that your medical care is adequate for your needs.
4. Lost or stolen passports, travel documents, and other personal belongings
Thefts occur worldwide. Unfamiliar places can also mean confusing customs when dealing with police departments, currency exchanges, and police departments. Many of our premier insurers provide travel assistance services which will assist with replacement of lost travel documents, translation services, medical and legal referrals, identity protection, and more.
Travel insurance options are a small investment that can provide a significant value, especially when considering the time saved and convenience of the services. If you are interested in learning more or planning a trip abroad, please contact an account manager at Evarts Tremaine, who can help determine if travel insurance fits your customized insurance plan.
For more information on the available plans or to enroll now, simply click on the link below.