There are many kinds of travel insurance, but most of the fall in to 3 broad types. They are A) medical/life insurance, B) property insurance and C) and reimbursement insurance for the disruption of a trip. All are specifically related to the kind of emergencies that may be encountered by travelers.
- Flight Accident Insurance: this pays a sum of money for those injured or killed, in an air-travel accident.
- Trip Cancellation/Interruption/Delayed: policies can be purchased that will reimburse the policy holder for some of all money lost to any form of disruption of scheduled plans, weather through illness, mishap or act of god.
- Supplier Default: covers financial default of the travel supplier (e.g. bankruptcy) that results in a loss of money for the policyholder.
- Baggage Loss or Delay & Personal Effects Coverage: covers the loss of personal property, or
delays that have a negative financial effect.
- Travel Medical Insurance: covers a variety of medical costs, form treatment, to evacuation, to bringing family members to the injured party’s location; this kind of international travel insurance is vital for guests of a foreign country.
- Life Insurance: covers Accidental Death, Repatriation Benefits (sending the deceased’s remains to their country of origin), & other death related occurrences.
- Miscellaneous: there are many more specific types of insurance a traveler may purchase, among them Ski Travel Insurance, Cruise Insurance, Terrorism Insurance, Document Loss, International Assistance & Rental Vehicle Insurance.