Hunter Fleming

If you’ve been wondering “Which should I buy, Travel Medical Insurance or Trip Cancellation Insurance?”. Maybe you should learn what the difference is, let me help you.

The differences between the Travel Medical and Trip Insurance are pretty major. What I will do in this article is explain what Trip Insurance is and then give some details of what Travel Medical Insurance is also.

Trip Cancellation Insurance is normally purchased to protect you from the loss of the pre-paid portion of your trip or vacation. The cost of the insurance is based on the age of the insured and the cost of the pre-paid cost of the trip for that person. The calculation normally uses what is called a factor, based on age, times the cost of trip for that person. Usually there is a maximum number of days you can cover for a trip, 30 days is the norm.

Note: I am using IMG’s Patriot TRIP for this example. You use a factor to calculate the premium.

The Factors

If for serious reasons your trip gets interrupt, not because of changing your mind about going for the trip, but health and/or other emergencies arising, the amount of money returned back to you is handled by trip cancellation insurance.

Illness, injury and death are unexpected and unwanted situations and hence all trip cancellation strategies of travel insurance are valuable and very comforting. In cases where getting to the airport becomes difficult and you miss a flight or for any other sociopolitical reason you miss the flight, cancellation worldwide travel insurance becomes operational.

Before departure, package tours and charters involves deposits of large sums of money in general. If you require cancellation of the trip in advance, you are able to get back the entire sum. Though, in order to get your money back in case of a cancellation, it is essential to get original tickets and not consolidator tickets. With