Travel insurance, a new term for most of the people, as it is not so popular like the home and the health insurance. So, firstly focus on the basic definition of it. Basically, it covers the following aspects like medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or domestically. in general, it means, when you are travelling, be it in your own country or to the other country, it will provide a great help in case the above conditions occur like any one has stolen your bag or the trip is cancelled due to any reason. if you are a frequent traveler, then it is not wrong to say that it is like a oxygen for you, very vital part.
Travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a "multi-trip" policy can cover an unlimited number of trips within a set time frame. Some policies offer lower and higher medical-expense options; the higher ones are chiefly for countries that have high medical costs, such as the United States.
Before choosing a particular insurance plan, you must know about how many types of plans are present. These are as follows-