Flight insurance is a kind of Accidental Death and Dismemberment (AD&D) insurance that gives you coverage against accidents during flights and losses suffered due to cancelled trips. Most flight insurance policies provide both flight accident insurance as well as flight travel insurance. However, if your existing insurance policies have either of the coverage, you should avoid duplication.
Flight insurance works as life insurance as well (for extra premium). Should you meet with any unfortunate incident on board or on your way to the flight, the insurer pays a lump sum amount to your family members. It also covers you against any injury that you may suffer during the flight and against the loss of income on account of this.
Flight Insurance Add-Ons
Depending on the coverage required, flight insurers have created several add-ons that you may buy for extra premium. These add-ons offer you more coverage than a standard flight insurance policy.
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Trip Cancellation Coverage:This add-on reimburses expenses incurred by the traveler due to the cancellation of a flight. It provides financial cover even if the trip is cancelled by the traveler. Weather coverage is included. The highlight of this add-on is the reimbursement provided in the event of any terrorist activity or natural disaster.
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Trip Interruption Coverage:This add-on reimburses a certain portion of the total cost of the trip if the traveler, for a reason mentioned in the cancellation clause, is not able to complete his trip. It is applicable the moment a traveler starts his journey in air.
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Travel Delay Coverage:If your flight gets delayed for a common problem, terrorism, natural disaster or other reasons, this add-on covers your transfer to the home or for booking a different flight to the destination.
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Travel Accident Coverage:This add-on covers a traveler in case of any accident on board. Although the frequency of air accidents is very low, the premium is quite high, since the coverage amount is extremely high as well.
There is a host of other add-ons. The endeavor should be to pick the best after comparing the cost and coverage.