What Is Travel Insurance?

Travel insurance is a policy that provides a full or partial refund in the case of illness or death of a member of the traveling party or close relative. It can also provide coverage in several other cases depending on the policy.

Here are some of the most common situations that might be covered by trip insurance:

• Injury or illness of insured, travel companion, family member, or business partner.
• Hurricane or natural disaster strikes destination.
• Terrorism or mandatory evacuation at destination.
• Jury duty, a required court appearance, or military redeployment.
• Victim of felonious assault prior to trip.
• Traffic accident prior to trip.
• Theft of passport or visa prior to trip.
• Legal separation or divorce.

Of course, policies vary, so check the fine print of the policy you are considering before buying. Travel insurance policies vary anywhere between 4-10% of the total trip cost. Where Should You Get Travel Insurance? A good place to start comparison shopping for travel insurance is Insure. MyTrip which is a comparison site where you can see all the different choices available. https://www.insuremytrip.com/