What kind of travel insurance do I need when I travel?

As more and more people return to travel after more than two years of restrictions due to the Covid 19 pandemic, every traveler's greatest fear is having their trip canceled due to unexpected news of any kind that can change their travel plans at the last minute, or worse, while they're enjoying their well-deserved vacation. Even if you have already booked your next vacation, you should think about purchasing a comprehensive travel insurance policy that will protect you from financial losses you may incur due to unexpected events before and during your trip. The question is: "What should my travel insurance cover when I travel?" Let's find out together.

The importance of a travel insurance

1The importance of a travel insurance

Trip cancellation coverage

Travel insurance is an important item on your vacation planning list, especially if you are depositing large sums of money for your vacation. There are many reasons you may need to cancel your vacation, including illness, injury to you or a fellow traveler or a serious family emergency Trip cancelation insurance can reimburse you up to 100% of the cost, depending on the type of insurance package you choose. If your travel plans require you to deposit significant deposits or payments and you fear losing your investment, be sure to choose a policy with comprehensive coverage, usually called "Cancel for any coverage"

Trip delay coverage

Should you experience a hiccup in your travel itinerary as additional expenses for food, lodging and local transportation incurred during the delay, your travel insurance policy can provide some or complete financial relief. If your plane is delayed, airlines are not always required to give passengers a partial or full refund. Covered reasons usually include air traffic management decisions, political instability, severe adverse weather conditions and security risks. This means that airlines do not have to compensate passengers unless the delay is of a certain duration (usually between three and 12 hours) or due to extraordinary circumstances. Here you can find your rights as a passenger. With full travel delay insurance, you are entitled to full compensation for reasons attributable to the airline or tour operator, or for reasons of force majeure.

GoOpti Absolutely No Worries Package

When we go to the airport, our greatest fear is to miss our flight because of a traffic jam, especially in winter when the weather is bad, or in high season when the roads are clogged because of the crowds heading to holiday destinations. The fear of missing your plane can be nerve-wracking. That's why it's important and highly recommended to choose a package that will help you cover the high cost of an airline ticket. The GoOpti Absoluttely No Worries Package package makes the start of your holiday completely stress-free and includes:

  • a new air ticket in case you miss your flight;
  • a new transfer to the airport if the airline delays or diverts the landing or postpones the flight.

Trip interruption coverage

Should you need to cut your trip short due to illness or injury you experience during your trip, or if there’s a family emergency back home, your policy may reimburse non-refundable expenses you forfeit if you return home early. Your policy may also cover the cost of a one-way economy airline ticket home.

Medical expenses and emergency-evacuation benefits

Why is travel medical insurance so important? Of all the insurance policies, medical protection is probably the most important, as medical and emergency costs can be extremely high, especially in some countries like the U.S. and Canada. If you suffer an unexpected illness, injury or disease while traveling that is covered by your travel medical insurance, the insurance company will reimburse you up to the amount insured. Depending on the plan you choose, travel medical insurance can reimburse up to an unlimited amount. If you are traveling within the EU and have European citizenship, you may consider not include this type of coverage in your policy, as you are automatically covered by the European Health Insurance Card issued by your home country's national health authority. This card is not an alternative to travel insurance and does not cover any private healthcare or costs such as a return flight to your home country. However, if you plan to travel outside the EU, purchasing personal health insurance that covers any illness or injury you may suffer while traveling is highly recommended and, in some cases, mandatory. If you need medical attention in the US without insurance, you will be charged very high costs. In addition, most health insurance companies offer a 24/7 customer hotline that can coordinate your treatment with the attending physicians at your destination and ensure that you are placed in an appropriate medical facility.

Covid-19 insurance. What you should know about Covid-19 and travel insurance

Following the spread of the pandemic, travel regulations have evolved, and some countries require specific travel insurance coverage for entry. As a result, new policies have emerged that directly address this type of need. If you become infected with Covid-19 while travelling, you will be asked to lock yourself in a hotel room until your test is negative, which may incur additional costs. This coverage is especially recommended if your trip includes multiple destinations. Imagine losing all the money you have already paid for non-refundable lodging if you get infected early and are unable to reach the next location.

Baggage loss

As an airline passenger, you have certain rights governed by the Montreal Convention if, upon arrival at the airport, you discover that your baggage is delayed, lost or damaged. Although the airline must compensate you up to an amount of about €1,600 per passenger, airlines usually make the procedures very difficult, so you end up receiving much less. You are better protected with baggage insurance. If your travel insurance policy includes baggage insurance, your insurer can reimburse you for the maximum amount stated in your Certificate of Coverage in the event of loss, theft or damage to your baggage and personal belongings, and allow you to purchase the necessities for your stay. Luggage insurance can be very valuable, with the best travel insurance policies providing $2,500 or more in compensation for lost luggage.

Travel insurance is more than just a nice perk for your trip. We hope you will never need travel insurance, but purchasing it is always a good idea.

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