Travel insurance benefits outline the various expenses an insurance company will reimburse to a policyholder after a covered loss.
Travel insurance plans are often made up of a collection of different benefits, offering well-rounded protection from common disruptions such as trip delays, medical emergencies, and last-minute cancellations.
A detailed list of a policy’s benefits can be found within the Policy Details or Certificate of Insurance.
Travel insurance covers unforeseen events that impact your travel plans and result in financial loss. The majority of travel insurance policies are comprehensive, and provide extensive coverage against a wide-range of travel disruptions.
Typically, comprehensive travel insurance plans include the following benefits:
In travel insurance, a coverage limit refers to the maximum amount of money an insurance policy will pay out in the event of a claim. Once the benefit coverage limit is reached, the policyholder becomes responsible for the remainder of the expenses.
Travel insurance providers set unique coverage limits for each individual benefit within their plans. For example, a plan may provide up to $100,000 in medical coverage, but only up to $200 in reimbursement for lost baggage.
Plans with higher coverage limits can offer more financial protection and peace of mind, but often come at higher premiums.
If you’re unsatisfied with the coverage limits found within a policy, some travel insurance companies provide the option to enhance your travel protection with coverage upgrades.
Plans that offer this service will give the option to pay slightly more for your policy in exchange for increased coverage limits for select benefits, such as travel medical insurance and trip delay coverage.
In addition, some travel insurance companies will also offer optional benefits that can be added to a policy for further coverage while away from home. Common examples of policy add-ons include:
There are multiple ways to reference or review the benefits and coverage limits of a specific policy.
Review Policy Details: Every plan on Squaremouth features a ‘Policy Details’ section that provides specific information outlining the coverage included within a policy.