Travel accident insurance is a specialized type of travel insurance plan. Essentially, it acts as life insurance and insurance against accidental death and dismemberment in the case of a travel accident. The benefits are paid regardless of whether the traveler has other life insurance and AD&D coverage.
Specifically, travel accident insurance plans limit their coverage to the following:
Some travel accident insurance plans include a little coverage for emergency medical expenses. A few travel accident insurance plans give the traveler a maximum benefit range to choose from and several are designed specifically for the frequent business traveler and include coverage for non-medical emergency evacuations.
What type of traveler buys travel accident insurance?
Travel accident insurance is specialized insurance to cover a specific need, i.e., the loss of life or limb. It’s ideal term life and AD&D coverage for business firms who want to offset the loss of a key employee, for example.
Other travelers who buy travel accident insurance include:
Frequent business travelers
Missionary and aid workers
Should the insured traveler die on their trip or be seriously injured, their beneficiaries or the traveler would receive the benefit of this plan.
Travel Accident Insurance Exclusions
Some travel accident insurance plans limit the death benefits to flight accidents only, and some travel accident plans place limits on where the traveler can travel, i.e., specific countries and territories. Nearly all plans require the traveler to be at least 100 miles from home before the coverage is in effect.
List of Travel Accident Plans
The following is a list of travel accident plans sold by the travel insurance companies on this website – click any of these links to get more information about the specific coverage offered by each company and plan: