When most people think of travel insurance, they’re thinkingof a package plan.
It goes by many names, including: Trip Insurance, VacationInsurance, Comprehensive Travel Insurance, Trip Cancellation Insurance, or
simply Travel Insurance. All of these terms are used to describe this type of
plan.
Most travel insurance plans are package plans that includevarious coverage like trip cancellation, trip interruption, trip delay, lost or
delayed baggage, medical coverage, medical evacuation etc.... Travel insurance
will cover the pre-paid, non-refundable portion of your trip expenses.
Travel insurance package plans deliver coverage forcancellations, interruption, hurricanes, medical emergencies, evacuation, lost,
stolen, and delayed baggage, and more. This type of plan is the most popular
because it fits the needs of most travelers.
The main difference is the coverage for trip cancellation.This is the only plan that offers this, and it is always bundled as a “Package”
with all the additional benefits. There are no standalone policies that only
cover trip cancellation.
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