What Does Travel Accident Insurance Cover?
Travel accident insurance is a specialized type of travel insurance plan. Essentially, it acts as life insurance and insurance against accidental death and dismemberment in the case of a travel accident. The benefits are paid regardless of whether the traveler has other life insurance and AD&D coverage.
Specifically, travel accident insurance plans limit their coverage to the following:
- Accidental Death and Dismemberment (AD&D)
- Emergency Evacuations
- Repatriation
- 24/7 Travel Assistance Services
Some travel accident insurance plans include a little coverage for emergency medical expenses.
A few travel accident insurance plans give the traveler a maximum benefits range to choose from and several are designed specifically for the frequent business traveler and include coverage for non-medical emergency evacuations.
What is a covered travel accident?
A covered travel accident is an accident that occurs to the traveler that the travel insurance plan will provide financial reimbursement for.
This type of coverage pays in case of death, losing hearing, eyesight, or a limb, while on a plane, ship, or bus licensed to carry passengers and available to the public.
If needed, travel accident coverage can protect you from extreme financial hardship and ensure your family and loved ones are provided for if something happens to you while traveling. It’s important to note that a covered travel accident is one that is not excluded by the travel insurance plan.
What type of traveler buys travel accident insurance?
Travel accident insurance is specialized insurance to cover a specific need, i.e., the loss of life, physical abilities, or limbs. It’s ideal term life and AD&D coverage for business firms who want to offset the loss of a key employee, for example.
Other travelers who buy travel accident insurance include:
- War correspondents
- Journalists
- Government employees
- Frequent business travelers
- Missionary and aid workers
Should the insured traveler die on their trip or be seriously injured, their beneficiaries or the traveler would receive the benefit of this plan.
Travel Accident Insurance Exclusions
Some travel accident insurance plans limit the death benefits to flight accidents only, and some travel accident plans place limits on where the traveler can travel, i.e., specific countries and territories. Nearly all plans require the traveler to be at least 100 miles from home before the coverage is in effect.
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Damian TysdalDamian Tysdal is the founder of CoverTrip, and is a licensed agent for travel insurance (MA 1883287). He believes travel insurance should be easier to understand, and started the first travel insurance blog in 2006. About CoverTrip.