The First Modern Day Travel Insurance
The Travelers Insurance Company was the first modern day travel insurance. This company was founded by James Batterson and was launched in April 1864. The purpose of the insurance then was to protect those journeying by railway or steamboat against the loss of life or personal injury. These days, travel insurance is a huge industry with millions of policy holders and various new types of coverage.
Travel Insurance Coverage
Travel insurance not only protect travellers from illnesses but also cover major and minor trip cancellation problems, accidental death, kidnapping, theft of personal belongings, costs of baggage loss, legal assistance, and many of the other potential dangers of travel. Some travel insurance policies now even cover ransom, and acts of war and terrorism. These are normally excluded on travel insurance policies before.
Travel insurance plans cover the following most common risks:
- Medical emergency including accident or sickness
- Emergency evacuation
- Repatriation of remains
- Return of a minor
- Trip cancellation
- Trip interruption
- Visitor health insurance
- Accidental death, injury or disablement benefit
- Overseas funeral expenses
- Lost, stolen or damaged personal effects, baggage, or travel documents
- Delayed baggage (and emergency replacement of essential items)
- Missed flight connection due to airline schedule
- Travel delays due to weather
- Hijacking
Trivia Info Resource: travelinsuranceplus.com.au
No comments:
Post a Comment