What is Travel Insurance? Travel insurance
protects a traveler's vacation cost against cancellation and
interruption while also providing medical, lost or damaged property and
travel delay coverage. Travelers are reimbursed if they have to cancel
or interrupt their travel, they are also covered should the need arise
for emergency medical treatment, medical evacuation and a number of
Travel insurance can be broken down into the following major
Trip Cancellation – Reimburses travelers unable to take their
trip due to Illness (of the traveler or a family member),
weather, airline strikes, bankruptcy, becoming unemployed,
jury duty or their home being rendered uninhabitable due to fire/flood
Trip Interruption – Reimburses travelers if they have to cut
short their trip due to Illness (of the traveler or a family
member), weather, airline strikes, bankruptcy, becoming
unemployed, jury duty or their home being rendered uninhabitable due to
Medical/Health – Reimburses medical and emergency dental costs.
Almost all travel insurance plans work by reimbursing the traveler
after they have paid locally for treatment. Claims are usually paid
within 7 to 10 days. Pre-Existing conditions are covered by most
policies if the policy is purchased within (at the most) 21 days from
the date the traveler made the first trip payment (deposit).
Medical Evacuation– Provides emergency transportation to either a
local hospital in the event the traveler is unable to get there by
themselves or back to a hospital near the travelers home. If family
members are covered on the same policy they can return home also.
Baggage Loss – Reimburses travelers for lost, stolen or damaged
personal items. This coverage is usually for the duration of the trip
and not confined to baggage damaged or lost by the airline. There are
two policy limits, total claim and per item maximum. Some policies also
place limits on the type of items that can be claimed for such as
jewelry, laptops and sporting goods.
Rental Car Damage – Reimburses travelers for damage or loss to a
rental vehicle. It is designed to allow the traveler to decline CDW
(collision damage waiver) coverage offered by the car rental companies.
Liability coverage should still be purchased through the car rental
company. Rental Car Damage coverage is also often included with the
credit card used to pay for the car rental which is often identical to
the coverage provided in the policy.
It is highly recommended to purchase travel insurance in order to safeguard your travel plans. It goes without saying that even the best-planned vacations can be impacted by the unexpected.
Basically, travel insurance not only covers cancellations fees, but also covers items such as medical evacuations and missed connections due to late or cancelled airline flights. Both can be major issues with Alaska's vast areas and unpredictable weather.
Visiting Alaska can be an exciting and wonderful experience, but sometimes it can become challenging when sickness or injury occurs and medical services or medical evacuation is required. Medical care can be very expensive for cases of critical illness. Many travelers choose to purchase supplementary international medical insurance or travel insurance to avoid the costs that might result from serious sickness or injury on their trip.
When you are planning your trip, it is advisable to contact your primary healthcare provider or insurer in your home country to determine if you are covered and under what circumstances and to what extent while traveling abroad.