The scenes of the Italian cruise ship Costa Concordia running aground and capsizing off the Tuscan coast were hard to believe. Thankfully there were not more fatalities and with a passenger load of 4,600 that is a no small miracle. Many of the survivors were left without personal belongings, identification, money, etc. Getting back home much less recouping the cost of their vacation and travel will be difficult for most unless they have a good travel insurance policy.
Here are some frequently asked questions about Travel Insurance:
What is trip cancellation insurance? Trip cancellation insurance is financial reimbursement of a prepaid, non-refundable travel costs when an unforeseen event, which is a covered reason under the policy, causes a trip cancelation.
What is trip interruption insurance? Trip interruption insurance is financial reimbursement for unused prepaid travel expenses and/or the additional airfare to return home, when an unforeseen event, from which the traveler is protected under the policy, causes trip to be cut short and a return home ahead of schedule.
When is protection from an act of terrorism an included coverage? When a politically-motivated terrorist attack occurs in a city listed on a travel itinerary. The event must occur after the policy takes effect and within 30 days of departure.
When is protection from an act of terrorism an included coverage? When a politically-motivated terrorist attack occurs in a city listed on a travel itinerary. The event must occur after the policy takes effect and within 30 days of departure.
Who is considered a family member under the policy? Any of the following relatives of the insured or traveling companion is considered a family member under the policy: a legal or common law spouse; a domestic partner; a parent or legal guardian; step-parent, grandparent, parents-in-law, grandchild, natural or adopted child, foster child or ward, step-child, children-in-law, brother, sister, step-brother, step-sister, brother-in-law, sister-in-law, aunt, uncle, niece, or nephew.
Your Trip Cancellation coverage takes over when your taxi driver heading to your departure airport displays his steering proficiency by broad siding a police cruiser. A lengthy detour to police HQ forces you to cancel the trip.
Check out some common travel scenarios that people can insure against. Here is one to pique your curiosity!
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