Globalization has connected the world, and ventures come with both great rewards and risks. When your insured’s risk becomes international, their protection must be international as well. Trip interruption insurance covers individuals if they become ill, injured, or die after a trip is already underway. It also covers the same circumstances for a travel companion. Coverage may reimburse the insured for all or part of the prepaid cost of a trip, or simply cover the change fees for the airfare home.
Here’s some more information to share with your globetrotting clients about trip interruption insurance coverage.
The Ins and Outs
Most policies specify that the ill or injured party must get a doctor’s note stating that they are unable to continue traveling due to health concerns. This letter must be obtained before canceling the remainder of the trip, otherwise, the trip interruption claim may be rejected.
The definition of “travel companion” may include the requirement that the companion must be listed on a travel contract or other registration document. It may also be required that they intend to share accommodations with the insured.
Trip interruption coverage may also protect your insured against a whole host of problems, provided they take place after the trip begins. These problems may be the result of weather issues, terrorist attacks, civil unrest, strikes, jury duty, or an accident en route to the trip departure point. The list of covered events varies from policy to policy. The covered reasons that can apply will be listed on the travel insurance policy certificate. Be sure to thoroughly discuss the details of the policy with your clients.
Tips for Travel Planning
It is important that each client fully understands what kind of documentation is needed in order to make a claim. Encourage them to save all paperwork related to their trip, including contracts, receipts, tickets, and emails to assist in a smooth claim process.
Clients should also be aware that known events, such as named tropical storms, named winter storms or volcanic eruptions will not be covered.
Your insureds should obtain a policy that covers situations that are likely to arise at the destinations they are traveling to. For example, if they are traveling to Florida in August, their trip interruption insurance should cover delays due to hurricanes.
No matter the reason for your client’s travel, they should be equipped with tailored coverage.
Some coverage options to look for include:
- Kidnap Ransom Extortion
- Travel Insurance
- Trip Interruption
- Medical Expenses
- Emergency Evacuation
- Commercial GL for Businesses
- Auto Bodily Injury/Property Damage Liability
Formed in 2013, AmSuisse, Inc. has quickly distinguished itself as a wholesale operation that specializes in working very closely with our agents and broker partners to develop responsive, individualized service for each client. Our unparalleled writing support, industry-specific expertise, marketing support, responsive proposals and quotes, strong customer service, and strong relationships with our carrier partners have all helped us to provide the best possible coverage for our clients. To learn more about our available coverage, contact us today at (800) 485-0229 to speak with one of our representatives.