Travel Insurance
Table of Contents
Policy Types & Definitions
Policy Types & Definitions
Trip Cancellation (and Trip Interruption) protects your financial loss for trip cancelled or foreshortened by an unexpected covered reason, usually medical but there are many others including a positive PCR test that denies boarding. Does not cover medical expenses incurred.
Cancel For Any or No Reason (CFAR) insurance allows you to cancel for any reason not otherwise covered and receive partial reimbursement of nonrefundable elements. To be included, the policy must be purchased within 72 hours of initial payment on the trip.
Emergency Medical insurance covers unexpected medical expenses while away from home. By itself, medical insurance does not compensate for nonrefundable expenses. Any Air Ambulance component is usually limited to nearest capable facility (not home).
All Inclusive combines Trip Cancellation and Emergency Medical coverage, with various other package components such as lost/delayed luggage, air accident, trip delay, supplier insolvency, etc.
Nonrefundable payments do not include anything that will be converted to a credit (e.g., most airfare can be cancelled and a credit will be issued).
Who is covered? Generally if an event befalls one covered individual, the insurance benefit extends to all members named on the policy (for example, daily quarantine expense limits become “per person”), sometimes a limit of four perons per family. If a covered expense (broken leg) puts one policyholder in hospital, all named individuals could benefit from any trip delay protection. If a covered event befalls a stay-at-home immediate family member of a policyholder, the trip cancellation benefit may be claimed for each named policy holder.
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- Introduction and Eligibility
- Policy Types and Definitions
- Evacuation / Air Ambulance membership programs
- Insurance for American Clients (Travelex)
- Insurance for Canadian Clients (Manulife)
Policy Types & Definitions
Policy Types & Definitions
Trip Cancellation (and Trip Interruption) protects your financial loss for trip cancelled or foreshortened by an unexpected covered reason, usually medical but there are many others including a positive PCR test that denies boarding. Does not cover medical expenses incurred.
Cancel For Any or No Reason (CFAR) insurance allows you to cancel for any reason not otherwise covered and receive partial reimbursement of nonrefundable elements. To be included, the policy must be purchased within 72 hours of initial payment on the trip.
Emergency Medical insurance covers unexpected medical expenses while away from home. By itself, medical insurance does not compensate for nonrefundable expenses. Any Air Ambulance component is usually limited to nearest capable facility (not home).
All Inclusive combines Trip Cancellation and Emergency Medical coverage, with various other package components such as lost/delayed luggage, air accident, trip delay, supplier insolvency, etc.
Nonrefundable payments do not include anything that will be converted to a credit (e.g., most airfare can be cancelled and a credit will be issued).
Who is covered? Generally if an event befalls one covered individual, the insurance benefit extends to all members named on the policy (for example, daily quarantine expense limits become “per person”), sometimes a limit of four perons per family. If a covered expense (broken leg) puts one policyholder in hospital, all named individuals could benefit from any trip delay protection. If a covered event befalls a stay-at-home immediate family member of a policyholder, the trip cancellation benefit may be claimed for each named policy holder.
Continue...
Errors and Omissions: Insurance is extraordinarily complicated, and evolving. Prices and details provided here are for informaiton only. Please refer to the policy links provided for full details, and whom to call for official clarification.