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Getting a Travel Insurance? Here Are Some Things You Need To Know

May 11, 2022

Travel insurance is a type of insurance policy that covers for the different costs and potential losses that can be associated with traveling. Coverage typically includes emergency services, medical assistance, compensation for trip inconveniences, coverage for damage to or loss of personal belongings and effects, and death or permanent disability, among others. In this article we will go over the different benefits of travel insurance and why you should choose UniGuarantee as your insurance broker, so you can finally book that flight and accommodation with peace of mind so you can fully enjoy your travels.

Medical Assistance

Let’s face it, nowhere is ever 100% safe from accidents, diseases, mishaps, and whatnots, but that should not discourage you from traveling altogether. With that in mind, you need travel insurance to assist you with the expenses when you travel should a medical incident arise. Travel insurance’s medical assistance covers for medical expenses resulting from accidents, illness, and other medical emergencies. You’ll also get hospital allowance to compensate for the lost time you spend confined in a hospital during a trip. 

According to a study in the United Kingdom in 2020, the average claim for medical assistance while traveling was 1,300 pounds, with the highest claim at 760,000. Imagine having to shell out that amount of money in a foreign country while traveling. That would be a catastrophic blow to anybody not covered by a travel insurance policy. With travel insurance, illness and injury will never derail your travel plans. Be advised though that standard insurance conditions apply ie. any pre-existing conditions will not be covered, among others.

Trip Inconveniences

There are several inconveniences you can encounter while traveling. This can include, cancellation, postponement, delay, or any kind of interruption. We all know flight delays are common these days, even cancellations are a norm since the pandemic hit. With travel insurance, you can recoup the cost of your canceled trips or get compensated for delays in your travels. Aside from that, you’ll also be insured if the following situations take place, hijacking, and kidnap and hostage-taking, hopefully not though. 

Based on data published by the US Travel Insurance Association, 17% of Americans say that their travel plans were impacted by a myriad of inconveniences including severe weather, mechanical failure and other carrier-caused problems. One good thing is that 87% of all travel protection products purchased include travel cancellation/interruption benefits. So when you buy a travel insurance policy, it would be best to make sure that you have trip inconvenience benefits included.

Baggage and Personal Effects

Luggage got misrouted to another plane or even a far away place entirely? was damaged due to mishandling? Many travelers face the same problems mentioned and more. But worry not, travel insurance covers for lost, stolen, or damaged belongings during a trip. Travel insurance can cover the costs of retrieving your baggage, as well as costs for repairs or loss of personal property when you are traveling.

Death or Permanent Disablement

Hopefully, something this serious doesn’t happen on a trip. However, better covered than not, so a travel insurance will help in this regard. If an accident during a trip occurs and results in death, disability, or serious injury to the traveler, travel insurance pays benefits to the beneficiaries of the policy holder. 

Emergency Assistance Services

Your travel insurance policy includes 24/7 emergency assistance services. These services include emergency message relay, arranging evacuation or repatriation, emergency translation services, emergency cash transfer, legal assistance, and many more. With travel insurance emergency assistance services, you can be sure that your travel plans will not be derailed by inconveniences that come your way.

Concierge Services

Want to book tickets to a sporting event? Craving for the famous dish in the town you’re visiting? Some premium travel insurance policies can help you with your impulses when you travel. Concierge services can assist you with getting tickets and booking dining reservations during your trip.

Why You Need a Broker Like Uniguarantee

There are many travel insurance packages to choose from several insurance providers. However, as with anything, choice overload could impair anyone’s judgment. This is where insurance brokers like Uniguarantee come in. With Uniguarantee, we provide you with everything you need to know about different providers and packages to help you decide which policy suits you best. Here at Uniguarantee, we ensure that you not only get the best quotes for your insurance needs, we’ll also make the entire process – from selection to claims – as easy as 1,2, 3.