Basic Travel Insurance
Most travelers want insurance that covers a single,
expensive trip involving a major up-front expenditure.
This insurance is intended as a protection of your
investment should something go awry before or during
your trip. The insurance protection will cover your
contractual obligation to the tour company or cruise
line and refunds you any deposits that you have
already made. Of course, there are restrictions – a
change of heart is not covered! Some incidents
commonly covered by basic travel insurance include:
- You or an immediate
relative planning to travel with you are injured or
become sick.
- You are called for
jury duty.
- You are called for
military duty.
- Your home or
business is made uninhabitable due to fire, flood,
burglary, vandalism, or natural disaster.
- You are fired or
laid off from a job held more than a year through no
fault of your own.
- Your talents are
required for an acquisition or merger in which your
company is involved.
Always buy your
insurance from a third party, not the tour company or
cruise line with whom you booked your trip. If the
company goes out of business between the time you paid
your deposit and your date of departure and you took
out the “house” travel insurance with that company,
you will most likely not get your deposit back. Also,
due to several cruise lines and tour companies going
belly-up, some travel insurance companies created
lists of companies whose trips they will insure. There
are some companies that insurers will not cover, so
always check before you put down a down payment on
your trip. |
