What Is Travel Insurance, and What Does It Cover?

What Is Travel Insurance?

Travel insurance is a type of insurance covering financial losses associated with traveling, and it can be useful protection for domestic or international travel. Whether you missed your flight to Florida, lost your bags in Berlin, or broke your ankle in Ankara, the best travel insurance companies can help remedy all kinds of travel mishap costs.

Understanding Travel Insurance

If your checked baggage lost in theft or misdirection by the common carrier, we will compensate you for your lost belongings.

Travel insurance helps to cover financial losses associated with surprise circumstances that could ruin a trip, including illness, injury, accidents, flight or other transportation delays, and other issues. This insurance costs 4% to 10% of a trip's price. So, for a $10,000 trip, trip insurance could cost between $400 and $1,000.1

Premiums—or the price you pay for coverage—are based on the coverage type, your age, destination, trip cost, and more. Specialized policy riders focus on the needs of business travelers, athletes, and expatriates.