When planning a trip, it is important to consider that unexpected events can happen. This is why insurance for travel is important.
There are several insurance options on the market, such as Traveler, which offers protection for events like accidents, theft, and other events that may occur during a trip.
In today’s article, we will learn more about travel insurance by Travelers.
How does the insurance for travel works
Travel insurance typically provides a range of coverage options, such as a refund for trip cancellation or interruption to a covered reason (illness, injury, or severe weather).
In cases of becoming ill or injured while traveling, insurance may cover medical expenses, including hospital stays, and sometimes medical evacuation.
It may also cover cases of baggage loss or delay coverage, emergency assistance services, and more.
Travel insurance by Travelers
Travelers have two insurance for travel options. Each of them is tailored to a specific traveler profile. You can choose between the Single-trip plan or the Multi-trip plan.
The Single-trip plan is designed for people who don’t usually travel much, that is, the insurance only covers one trip, regardless of the destination. Check its benefits:
- Trip Cancellation: up to 100% of the insured trip cost
- Trip Interruption: up to 150% of the insured trip cost
- Accident & Sickness Medical Expense: up to $100,000
- Optional Cancel for Any Reason
- Medical Evac & Repatriation of Remains: up to $1,000,000
- Trip Delay: up to $200/day, max of $1,500
- Missed Tour or Cruise Connection: up to $500
- Optional Travel Inconvenience: upgrade for an additional cost, $250/inconvenience, max of $750
If you are a frequent traveler, the Multi-trip plan covers an unlimited number of insurable trips within one year. Know more:
- Optional Trip Cancellation: upgrade for additional cost, up to 100% of insured trip cost
- Optional Trip Interruption: upgrade for additional cost, up to 150% of insured trip cost
- Accident & Sickness Medical Expense: up to $100,000 per trip
- Optional Cancel for Any Reason
- Medical Evac & Repatriation of Remains: up to $100,000 per trip, per 2 occurrences per plan term
- Trip Delay: up to $200/day, max of $5,000 per trip
- Missed Tour or Cruise Connection: up to $500 per trip
What to do before taking travel insurance by Travelers
You already know how travel insurance works and also the insurance provided by Travelers, including the different coverages.
However, is it crucial to check some points:
- Compare different options: Meet different insurance companies and check the options for travel.
- Coverage Limits: Check the maximum limits for each type of coverage. For example, there may be a maximum amount for medical expenses, trip cancellation reimbursements, or baggage loss.
- Insurance cost: Compare the cost of the policy with the coverage to ensure you’re getting good value for your money. Observe factors like deductibles, co-payments, and any additional fees.
- Search for the insurance reputation: Read reviews from other travelers to gauge their experiences with the company.
- Check the processing Time: The processing time for requests can vary, and some travelers might find it frustrating to wait for reimbursement, especially if they need the funds urgently.
- Limited Options for Pre-Existing Conditions: Travel insurance might not cover pre-existing medical conditions or coverage for these conditions might come with additional costs. This can be a drawback for travelers with existing health issues.
Research, compare, and enjoy
After getting to know the Travelers and understanding the main points before taking out travel insurance, the next step is to make a choice.
- READ MORE REVIEWS: Credit card with 200 bonus: Meet the Chase Freedom Flex!
If Travelers insurance is what best meets your needs, start learning the step-by-step guide to requesting a quote and applying.
Click here and read more about the application process of the Travelers.Â
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Disclaimer:
This content is not intended to be financial advice. Please consult a financial professional for guidance on your specific situation.
The rates and terms of the card are subject to change. Please refer to the credit card company.