Traveling is not just about reaching a destination, it also means coming back safely. To do this not only do you need careful planning, but also a failsafe mechanism if that planning somehow comes askew. Also known as holiday insurance, travel insurance is one such mechanism using which you can make sure that any misfortune, however small or large, that may strike you while you travel remains manageable. In this article we break down holiday insurance into the types of insurance or coverages that are most required by travelers. These types of insurance cover unforeseen emergencies that may occur while travelling.Medical Emergencies
Medical insurance is one of the most useful insurance for just about anyone – but unfortunately, most general medical insurance policies do not cover injuries sustained while traveling, especially when traveling abroad. And considering that medical emergencies while travelling abroad can prove more dire, not just medically but financially too, we see that travelers medical insurance is one of the most important types of insurance you can take. Medical insurance coverage is indubitably the most important coverage among all holiday insurance coverages.Trip Cancellation Coverage
These policies cover cancellation of your trip due to factors as diverse as bad weather, jury duty, sudden illness or death, bankruptcy of the airline or cruise liner you are going to use. Many travel insurers also include terrorism insurance which comes into effect if the US state department declares the country you are about to visit a no-go nation. Trip cancellation overage can also cover trip interruption due to the aforementioned reasons. Check the travel insurance policy to see the different reasons it includes when covering this type of insurance.Other Holiday insurance Coverages
These include coverage against loss of baggage, either in transit or due to theft; loss or theft of personal possessions such as laptops, cameras and other personal affects; legal assistance while travelling; personal liability insurance as well as rental car damage insurance, and a lot of other coverages.Whenever you are traveling away from home, any cost or misfortune usually costs five or ten times more than what it would cost at home, especially when you consider that you are wasting time that you are talking out from your work-day life, and that the holiday you are taking might be one after a period of years. Given these factors, taking travel insurance is not a luxury, but a necessity. Indeed, it is said that if you cannot afford travel insurance, you cannot afford the travel. Travel safe, travel insured!