How important is air travel insurance? What are the different aspects of it?

Do you make frequent air travels? If so, do you have insurance for air travel? If yes, then it is good. However, if you do not have any insurance policy for your air travel, then you better have it at the earliest. Air travel insurance covers a flier on varied grounds such as theft or loss of baggage, cancellation, or delay of flights and medical emergencies. Nevertheless, the main advantage of air travel insurance is that it covers you in the air, which other types of policies do not entertain. Getting air travel insurance is quite simple. You need to answer some questions asked by your agent. Unlike the usual insurance policies, there is no age bar for such insurance.

Air travel insurance is purchased before boarding an airplane. Those who air-travel frequently are advised to get air travel insurance from third parties. This way the insured amount remains safe and can be delivered to the family members of the insured, even if the airline gets bankrupt.

Now, how can you obtain an air travel insurance policy without much of fuss? Generally, insurance for air travel is affordable and does not much affect your savings account. For coverage of $200,000.00, you may need to pay just $15.00. The reason for such low premiums is that airplanes are considered secure mode of transportation and the statistics substantiate that.

Now, how much does air travel insurance cover a passenger? What are the elements of air travel insurance? Typically, an air travel insurance policy covers the following areas.

• Trip cancellation coverage: This type of policy covers a traveler whose flight is canceled for any reason. It also covers any losses, such as prepaid bookings, pre-hotel bookings etc, incurred to the traveler due to the cancellation of the flight.
• Trip delay insurance coverage: If there is any delay, because of any natural disaster or social problems, that make the traveler miss his/her flights, the insurers arrange for another flight to the insured.
• Trip interruption coverage: In case, there is any interruption in the journey of the flight, the insurers then pay a partial amount of the sum insured, though it depends on the insurer company discretion and the policy agreement.
• Travel accident coverage: In the event of any accident during the travel, the insurers pay the flier’s family the assured amount.

It is always advisable to have air travel insurance while making air journeys. This will ensure that you are not caught unawares by any unforeseen circumstances and that you can enjoy your vacation.