Travel Insurance: What It Covers and When to Buy It

In the wake of Covid, travel insurance sales have spiked with the rebound in travel as people seek to protect their investments against flight delays and cancellations, extreme weather events, and the persistence of the virus. But travel insurance is complicated with a range of benefits, inclusions, and prices. Here’s what you need to know before you buy.

 Know what’s covered: 
​ Generally speaking, travel insurance covers unforeseen events, like an illness in the family, the loss of a job, or a natural disaster, that force you to cancel or interrupt a trip. It can also apply in the event of a strike at a transportation company, a terrorist attack at your destination, or when your travel provider goes bankrupt. These are known as covered reasons. Most polices also include medical coverage, which is useful abroad where your health insurance may not cover you. While policy prices vary based on age, length of travel, and type of coverage, expect to pay between 4 to 10 percent of your entire trip cost to get insured. 

Learn More About Travel Coverage in this article written by Elaine Glusac at the New York Times  HERE
Elaine Glusac