Travel insurance provides protection for various unexpected events that could occur while traveling, such as trip cancellations, lost luggage, or medical emergencies.
- Example:
Trip Cancellation Insurance: If you need to cancel your trip due to unforeseen circumstances (like illness or a family emergency), trip cancellation insurance reimburses you for the non-refundable expenses you incurred, such as flight tickets or hotel reservations.- Medical Coverage: If you get sick or injured while traveling abroad, travel medical insurance covers your medical expenses and may include evacuation if you need to be transported to a hospital.
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