Travel Insurance Blog
Wednesday, May 16, 2012
- 14
Apr
2010 -
Looks Like Travel Insurance, But Isn’t: Travel Protection
Filed Under: Blogging
Often, when you are looking for travel insurance, you might come across plans that offer “travel protection.” Travel protection plans are usually advertised as travel insurance, but the term can be used to mean a range of coverage plans. Be aware of what exactly you are paying for.
Travel protection plans can mean anything from travel waiver plans, which offer only a rescheduled tour or cruise, to full and complete travel medical insurance. It is very important to know exactly what the plan actually covers.
Many travel protection plans differ from traditional travel insurance plans in that they do not offer any medical benefits. Some travel protection plans are akin to trip cancellation insurance plans, and reimburse the cost of a cancelled trip. The covered reasons for reimbursed can also vary considerably between plans that advertise themselves as travel protection plans.
What confuses the matter further is the fact that some legitimate travel insurance plans also use the term to describe their plans. It is a good idea to check who the underwriter of the plan is, to differentiate certain undefined travel protection plans from traditional travel insurance plans.
Travel tip: Remember that even if a travel protection plan offers similar benefits to a travel insurance plan, the plan is not regulated and there might be no recourse in case the company refuses to honor your claim.