What Does Travel Insurance Actually Cover?
It typically includes a variety of coverage types to meet the needs of different travelers.
Core categories include health insurance, which covers outpatient medical care and treatment for major illnesses; travel accident insurance, which provides compensation for accidents such as traffic accidents and sudden illnesses; baggage insurance, which addresses transportation risks such as delays and loss; and trip cancellation insurance, which provides financial compensation for changes to travel plans due to force majeure. Some products also include additional benefits such as emergency rescue services.
Travel Accident Insurance
- Personal Accident Benefit: Covers the insured's death or disability caused by an accident during travel, and the insurance company will pay the insurance benefits as agreed in the contract.
- Medical Expense Benefit: Covers outpatient, hospitalization, and emergency medical expenses incurred due to an accident, and the insurance company will compensate within the agreed scope.
- Property Damage Benefit: Compensates for baggage loss, damage, or delays.
- Trip Delay or Cancellation Benefit: If a trip is delayed, canceled, or interrupted due to force majeure, the insurance company may compensate for the additional expenses incurred.
Special Travel Insurance
- High Altitude Travel Insurance: For travelers traveling to high altitude areas, this insurance provides medical coverage for accidental injuries and acute mountain sickness caused by altitude sickness.
- Outdoor Sports Insurance: Suitable for travelers participating in outdoor activities such as mountaineering, rock climbing, diving, and skiing, providing coverage for accidental injuries and emergency rescue expenses during the activity.
- Schengen Visa Travel Insurance: Designed specifically for travelers applying for Schengen visas, it meets the medical insurance coverage requirements of Schengen countries.
Other Travel-Related Insurance
- Flight Delay Insurance: Provides financial compensation for flight delays due to specific reasons.
- Aviation Accident Insurance: Provides coverage for accidents during flight, including death and disability compensation.
- Baggage Delay Insurance and Baggage Loss Insurance: Provide separate coverage for delayed, lost, or damaged baggage, including compensation for additional living expenses or the value of belongings.