Travel insurance is insurance that is intended to cover medical and financial expenses (such as money invested in non-refundable pre-payment) and other loss incurred during travel, whether within the country itself or internationally.
There are temporary travel insurance that can be contracted at the time of booking a trip to cover only the duration of that trip, or a longer one, they can be purchased from travel insurance companies, travel agencies or directly from the travel providers, such as cruise lines or tour operators. However, travel insurance purchased from travel providers tends to be less comprehensive than those offered by insurance companies.
The most common risks that are covered by travel insurance are:
- Medical expenses
- Emergency evacuation and repatriation
- Trip cancellation/interruption
- Accidental death, accident or disability benefits
- Overseas funeral expenses
- Departure delay
- Loss, theft or damage to personal belongings and money (including travel documents)
- Delayed baggage (and emergency replacement of essential items)
- Legal assistance
- Personal Liability and Excess Car Rental Damage
- among others.
There are other types of Mexican insurance, among which we can count unemployment insurance that covers expenses in the event of losing your job or fixed income; Home or business insurance that allows you to cover expenses in eventualities such as fires, thefts and other situations that damage assets.
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