The Difference Between International Travel Insurance And Trip Cancellation Insurance

Travelling with loved ones or friends is a great way to break the routine and refresh your mind and body. However, travel protection or travel insurance online or through an agent is essential due to the many uncertainties of travel. This guide will help you decide which product is best for your next vacation. Below are some pointers to help you choose between travel insurance and protection.

What is travel protection?

Travel agencies sell trip or travel protection. Travel protection plans cover trip cancellation costs. It covers lost luggage, flight delays, and missed flights. Travel insurance covers trip uncertainties and financial loss. 

What is travel insurance?

Travel insurance covers trip cancellation, baggage loss or delay, medical expenses, third-party damage, and more. Thus, travel insurance is like a travel companion that helps you with health, baggage, and trip issues. It covers emergencies and protects your finances. 

What is the difference between travel protection and travel insurance? 

Coverage:

Travel protection plans only cover trip-related expenses like trip cancellation, missed flights, and flight delays. The plan may not cover all costs. Instead of refunding, providers often give travellers credit for future travel. However, a comprehensive international travel insurance plan covers medical emergencies and other unexpected costs during the trip, including medical treatment, dental expenses, medical evacuation, accidental passing away, body repatriation, and permanent disability. Many insurers call it travel medical insurance. It guards against overseas health emergencies. 

Providers:

Tour operators, online travel agencies, and companies offer travel protection. Large insurance companies offer international travel insurance. State insurance agencies manage this plan. 

Cost:

Travel protection plans vary in price depending on their benefits and coverage. Plans are more affordable than travel insurance. A comprehensive travel insurance plan protects domestic and international travellers from medical and financial issues. Reliable insurance companies offer these plans. Travel insurance costs more than travel protection. You can get travel insurance by downloading a travel insurance app. 

Emergency services:

Travel protection plans may not provide emergency services. It can only prevent financial loss from trip delays, cancellations, missed flights, and more by reimbursing part or all of the cost. Travel insurance covers medical emergencies, medical evacuation, accidental passing away, hospital daily cash allowance, loss of baggage and personal documents, emergency purchases for checked-in baggage or flight delays, and more. In case of theft or robbery, the insurer will provide emergency cash to policyholders. Travel insurance covers medical emergencies, third-party damage, and extended hotel stays.* 

Conclusion:

Travel insurance is better for international trips than travel protection. Travel insurance protects you and your money. This is why when you go for long-distance trips like to the US, you get travel insurance for the US. Knowing you have someone to fall back on in an unfamiliar foreign country by your back gives you peace of mind.

Also, in light of Covid emergencies, people are more cautious and prefer getting travel insurance for its medical benefits. So be the smart guy, spend a little more and stay protected with travel insurance.

Get insured anytime, anywhere! Check out Bajaj Allianz General Insurance website to learn more and download the app now.

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.