Q. Why should a traveler buy travel insurance?
A. Travel insurance gives travelers coverage for unforeseen problems,
from a cancelled flight to a serious illness—or in rare cases, even an act of
terrorism or the financial default of a travel supplier. If an illness, accident, or
other covered unforeseen circumstance forces a traveler to cancel or interrupt their
plans, they face two major financial losses—money invested in nonrefundable
pre-payments, and medical expenses that in many instances may not be covered by health
insurance.
Q. What happens if a traveler must cancel their vacation?
A. Often a traveler will lose nonrefundable deposits and prepayments
that can add up to hundreds—or even thousands—of dollars. A comprehensive travel
insurance plan through Travel Guard can provide trip cancellation coverage for the
traveler's vacation investment—the insurance company reimburses the traveler for all
pre-paid, nonrefundable expenses for a covered loss.
Q. How does trip cancellation and interruption coverage work?
A. It reimburses for forfeited, nonrefundable, unused payments or
deposits if the traveler must cancel or interrupt their trip due to a covered reason.
Q. What other coverage is typically included in an Travel Guard travel insurance plan?
A. In addition to trip cancellation and interruption, the more
comprehensive travel insurance plans available today may also cover emergency
medical expenses; emergency medical transportation, when ordered by a doctor, to
the nearest adequate medical facility; reimbursement for accommodations and
expenses incurred due to travel delays; reimbursement for the purchase of essential
items if baggage is delayed; and coverage against lost, stolen or damaged baggage.
Q. Is the financial default of an airline, cruise line or tour operator covered?
A. Many of Travel Guard's retail insurance programs include financial
default coverage if the program is purchased within 15 days of making the initial trip deposit.
Q. Does Travel Guard offer travel insurance plans tailored to specific types of travel?
A. Yes. Travel Guard offers travel insurance plans for an array of
budgets, from modest trips to high-end luxury vacations. There are also products
for last-minute getaways and extended trips, and specific coverage plans for cruise
travelers, golf travelers, students, and sports travel.
Q. How much does travel insurance cost?
A. The cost of travel insurance is based, in most cases, on the
value of the trip and the age of the traveler. Typically, the cost is five to
seven percent of the trip cost.
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