What is travel insurance?

Travel insurance is financial protection that covers you against financial losses or unexpected expenses that may arise before or during a trip. Travel insurance policies can cover various situations such as trip cancellation, trip delays, trip interruptions, lost or damaged baggage, medical emergencies and medical evacuations.

Travel insurance can be purchased for a single trip or for a series of trips over a period of time, often called annual travel insurance or long-term travel insurance. Travel insurance costs vary depending on the duration of the trip, the destination, the age of the insured person and the coverage desired.

It is important to read the travel insurance terms and conditions carefully before purchasing a policy to ensure the cover meets your specific needs.

In addition to the situations mentioned previously, some travel insurance policies may also include additional benefits such as travel assistance, which can provide assistance in the event of loss of travel documents, translation, referral to find a doctor or a local hospital, and even legal assistance.

There are also travel insurance options for travelers who have special needs, such as business travelers, overseas students, seniors, or travelers with pre-existing health conditions.

Ultimately, purchasing travel insurance depends on each person and their specific travel needs. However, it is important to note that the costs of medical treatment and emergency evacuations abroad can be very high, so it is strongly recommended to take out travel insurance to avoid unforeseen and potentially large expenses.