Travel

Travel insurance protects you from certain financial risks and losses that can occur while traveling, such as delayed suitcases, plane delays, last minute cancellations or medical emergencies. Generally, policies can be purchased as an annual policy or a single trip policy.

It usually requrires a set of certain conditions to be met in order for a claim to be fulfilled. However, the general requirements for any compensation to be indemnified can be categorize into the following 5 categories:

• Cancelled or interrupted trips
• Medical emergencies abroad
• Emergency evacuations
• Lost bags, delayed bags, delayed flights
• 24/7 travel assistance

People often do not want to spend on travel insurance unless it is a requirement on their travels. However, more times than not, chaos can ensue, as last minute complications out of your control, such as flight delays or accidents, can cause additional costs that could have been minimized with travel insurance. Thus, travel insurance allows you to have a peace of mind during a time where your mind should be at ease, allowing you to maximize your leisure time.

It is quite frequent that travel insurance is overlooked or underpriortized when families, friends and colleagues are going on trips or vacations. However, the amount of times that there are unpredicted interruptions is more often than not. Furthermore, as it also provides coverage for medical expenses during the trip, having travel insurance can be extremely valuable for anyone who travels.

There are various types of travel policy which effects price. A single trip policy is cheaper than an annual trip, and a longer single trip is more expensive than a shorter single trip. Ultimately, the price comes down to the limits you choose and the type of travel insurance you select.

The content provided is for informational and educational purposes only. The coverage written may change without notice and may not be applicable to all situations and policies. Terms, conditions and qualifications are also subject to circumstance, supplementary material and underwriting. CHAZ Insurance Brokers Ltd. is not liable for any discrepencies should there be any. For more information, please contact us via the enquiry form below.