The days of low fuel prices are long gone and as fuel and oil prices continue to rise and plummet over global unrest, travelers of all types: families, honeymooners, seniors, volunteers, even business travelers are becoming increasingly aware that they have to protect their travel investment.
Some of the ways travel insurance can protect travel costs against these global shifts include:
- Travel delay coverage, which provides reimbursement for unexpected travel expenses that occur when your trip’s departure or return is delayed for a covered reason, such as airport closures due to earthquakes or civil unrest.
- Missed connection coverage, which provides reimbursement for unexpected travel expenses that occur when you’ve missed a flight connection and have to pay additional airline change fees, purchase new tickets or lose a day of pre-paid travel for a covered reason.
- Trip cancellation coverage, which provides reimbursement for pre-paid, non refundable travel expenses when you have to cancel your trip for a covered reason.
- Trip interruption coverage, which provides reimbursement for the unused trip costs and additional travel expenses if you have to end your trip and return home – whether you return to complete your trip or not.
The coverage provided by each travel plan varies, so it’s important to do your research. Compare plan coverage and benefits using the reviews here and a comparison engine (see How to Compare Quotes with a Travel Insurance Comparison Site).