Understanding Travel Insurance

What All Travelers Should Know About Travel Insurance

Travel insurance provides coverage for unexpected travel expenses, such as sickness or injury, travel delay, baggage loss or worse. Travelers pay a fee, called a premium, to a carrier. That carrier underwrites, or assumes and spreads the risk of financial losses. Some plans protect travelers even before leaving home. For example, cancellation of a big trip due to a death or illness of a family member can result in staggering financial losses, as travel suppliers have imposed more restrictive cancellation policies in recent years. Other plans protect travelers from everything from terrorism to bankruptcy of a travel supplier. Travel Insurance Center can help you find the coverage that addresses your concerns and needs.