TRAVEL INSURANCE

The guide to buying travel insurance

Why do I need Travel Insurance?

• Travel hassle-free: Minimize your financial risks

• It covers all kinds of contingencies:• accidents• illness• missed flights• cancelled tours• lost baggage• theft• terrorism• travel-company bankruptcies• emergency evacuation• getting your body home if you die

A traveller’s potential loss

A traveller’s potential loss depends on:• What part of your trip is prepaid?• Refundability of your air ticket • Your health condition • Your luggage value• Your destination• Financial stability of your tour operator• Existing insurance cover

ABCs of Travel Insurance

ABCs• Travel insurance covers five main areas:

• Trip cancellation and interruption• Medical reasons• evacuation• Baggage • flight insurance

• Supplemental policies can be added to cover other specific areas like identity theft or political evacuation.

• “Comprehensive insurance” covers all of the five areas and also expenses incurred in case your trip is delayed or due to a missed flight or if your agent changes the tour plan.

Travel Insurance FAQs

FAQsWhat are the types of Coverage?

1. Trip-Cancellation or Interruption InsuranceTrip cancellation is when you don’t go on your trip at all.

Trip interruption is when you need to cut your journey short, which entails you to only partial reimbursement of your trip.  

A standard trip-cancellation or interruption insurance policy covers the

nonrefundable financial penalties or losses incurred when prepaid tour or

flight gets cancelled for acceptable reasons, like the following:– Sickness , death, layoff or other “acceptable” reasons

– Your tour company or airline goes bankrupt or can’t perform as promised

– A family member at home gets sick (carefully study the fine print to see how a family member’s pre-existing sickness might affect

coverage)

– A missed flight or an emergency flight for a reason outside your control (because of a car accident, bad weather, or a strike).

This type of travel insurance works best for group travel insurance or for independent travel. It covers flight and any nonrefundable hotel

reservations

FAQs

2. Evacuation insurance covers the cost of getting you to a place where you can receive appropriate medical treatment if an emergency occurs.

3. Baggage insurance — for luggage that is lost, delayed, or damaged.

4. Flight insurance (“crash coverage”) is a life insurance policy that covers you if you’re on a plane.

5. Collision coverage- are for rental cars, often part of comprehensive travel insurance plans or available as an upgrade on others.

FAQs6. Medical Insurance

Opt for a medical travel policy even if your existing health plan provides international cover for expenses your health plan doesn’t cover. For overnight stays or costly procedures, the hospital usually links directly with the travel insurance provider. For a quick visit to a doctor, you can bring the documentation back home for a reimbursement. Many pre-existing conditions are also covered by medical and trip-cancellation coverage. This would depend upon the time you buy the coverage and how recently you’ve been treated for the illness. If you are over 70 years old, buying travel medical insurance can be expensive. Compare the cost of a travel medical plan with comprehensive insurance, which come with good medical and evacuation coverage that can otherwise be very expensive. Always inform your travel insurer while you are travelling ,if you’ve sought for medical help.

Final Word

• Always Shop Around - Travel Insurance comes in all shapes & sizes, you can

even buying travel insurance online.

• Carefully study each provider to understand their policies before committing.

• Don’t just study the prices, but you need to get to the brass tacks.

Understand which travel insurance company provides you with the best fit,

that means paying a little bit more to get the benefits that suits you. Check

the travel insurance companies’ websites online to get the right info.

• Be Prepared – Scheduled your travel plans ahead of time and you will be at

the better position to purchase the best policy.

• Read the fine print & ask a lot of questions to understand what is covered.

Oman Insurance is one of the leading insurance providers in UAE.

If you are in Dubai or anywhere in the UAE, and you are looking for travel insurance,

visit our website: www.tameen.ae/en/for-businesses/business-travel-insurance

or call us at 8004746(Toll Free) for the best

travel insurance plans.