Travel insurance is an essential protection when traveling for either business or pleasure. It provides coverage for unexpected events, such as trip cancellation or interruption, medical emergencies, evacuation insurance, lost or delayed baggage, travel delays, loss of passport, and personal liability. This insurance policy is not a substitute for general health insurance but is designed to offer protection for travel-related contingencies that may arise during the trip. The coverage is intended for use by the insured outside of their home country, whether inbound or outbound.
The most common risks covered by travel insurance include emergency medical expenses and evacuation, personal accident, repatriation of mortal remains, loss of checked and delayed baggage, war, terrorism, hijack, travel delay, and cancellation and curtailment. By purchasing travel insurance, travelers can have peace of mind knowing that they are covered in case of unforeseen events, ensuring that they are not left stranded or out-of-pocket for expenses related to their trip.