Travel Insurance is insurance that is intended to cover medical expenses, financial default of travel suppliers, and other losses incurred while traveling, either within one’s own country, or internationally.
Temporary travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a “multi-trip” policy can cover an unlimited number of trips within a set time frame. Coverage varies, and can be purchased to include higher risk items such as “winter sports”.
The most common risks that are covered by travel insurance plans are:
- Medical emergency (accident or sickness)
- Emergency evacuation
- Repatriation of remains
- Return of a minor
- Trip cancellation
- Trip interruption
- Visitor health insurance
- Accidental death, injury or disablement benefit
- Overseas funeral expenses
- Lost, stolen or damaged baggage, personal effects or travel documents
- Delayed baggage (and emergency replacement of essential items)
- Flight connection was missed due to airline schedule
- Travel delays due to weather
Travel insurance is tailored to meet all needs of students, groups, individuals, and corporate business travelers. For peace of mind in a foreign environment do not leave home without your Travel Insurance Cover. Muthaiga Travel can help you get the best travel insurance deals in the market. Travel insurance products are tailored to cover Accidental Injuries, medical expenses, losses of personal effects and travel delays, hijack, personal liability and legal expenses.
Types of cover under travel insurance
|Student Cover:||Students traveling abroad for studies or students traveling on organized trips.|
|Individual Cover:||Individuals traveling on business or pleasure trips for short-term and long-term periods.|
|Group Cover:||A group of 10 or more people traveling on an identical itinerary.|
|Corporate Cover:||A company would effect travel cover for their staff.|
Is travel insurance worth the extra money?
Travel insurance is becoming increasingly popular, but in some cases it may simply duplicate coverage you already have.
The following tips can help you determine what kind of travel coverage, if any, is right for you.
1. Familiarize yourself with what’s out there. Travel insurance can include trip cancellation, trip interruption, accidental death or dismemberment, medical and dental care, transportation to medical facilities, loss of luggage or personal possessions and protection against the bankruptcy or default of your cruise line or tour operator.
2. Determine whether you’re already covered. Your medical and auto insurance may be valid in some countries. Your life insurance policy should cover you and your family while you travel. Please check this with your Muthaiga Travel consultant who will advise appropriately.
3. Remember your credit cards and auto club membership. Check to see what travel protection you have from those little plastic cards in your wallet. The American Express Platinum Card is especially good about giving generous accidental death and dismemberment coverage, insurance for car rental loss and damage, and extra lost baggage protection.
4. Buy through Muthaiga Travel. Operating as a Travel and tour operator, Muthaiga Travel can advise you on appropriate travel insurance cover.your safest bet is to obtain coverage through an established insurance company. This way your coverage won’t go up in smoke if your travel company goes bankrupt.
5. Ask the right questions. As you shop around, ask insurers: What disasters are covered? What restrictions apply? What type of assistance does the insurance company give in the event of a medical emergency or other serious problem? How does the reimbursement get determined?
6. Know the drill with trip-cancellation coverage. Here’s the biggest reason you may not need it: Even in the case of natural disasters and other dramatic events beyond a travel provider’s control, you’re likely to get a refund if your trip gets completely canceled on you.
7. Avoid flight insurance sold in vending machines. Have you ever spotted such offers in airports? They’re situated there to play on people’s fear of flying, but remember: The least expensive way to insure your life is through a term life insurance policy, which you may already have. And your credit card may provide such coverage as well.
8. Understand cancellation waivers. Many cruise and tour operators offer these waivers for about $40 to $60 as coverage in case you have to cancel your trip. While the waivers provide some protection, they often have many restrictions and are not regulated.
9. Consider extra coverage. If you must travel with expensive electronic equipment, sporting gear or jewelry, you could consider a floater for your existing homeowners’ or renters’ policy. This could be a relatively low-cost way to insure those items.
10. Recognize the value of emergency medical assistance coverage. This would cover you if you must be airlifted off a mountain, receive prolonged treatment in a foreign hospital or be flown home because of serious sickness or injury. Before you buy, find out whether your health insurer would cover you overseas and pay for your flight home if an emergency strikes.