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 extremely high medical costs.

The most common risks that are covered by travel insurance plans are:

  • Medical emergency
  • Cancellation, curtailment and trip interruption
  • This section covers any unused travel and or accommodation costs, pre-paid charges (including any additional travel expenses incurred, provided they are deemed reasonable and necessary) if a trip is canceled or cut short under a variety of circumstances, which may include any of the following, depending on the policy:
    • Death, bodily injury, illness, disease, or pregnancy complications
    • Compulsory quarantine
    • Jury service
    • Being called as a witness
    • Termination of employment (provided you did not know about it before you booked the holiday)
    • Being called up if you are a member of the armed forces or other public defense or safety organization
    • Prohibition of travel by the government to the intended destination
    • Officially recommended evacuation from the intended destination
    • Official advisory against going to or remaining at the intended destination
  • Repatriation of remains
  • Return of a minor
  • Trip cancellation
  • Trip interruption
  • Visitor health insurance
  • Accidental death, injury or disablement benefit
  • Overseas funeral expenses
  • Lost, stolen or damaged baggage, personal effects or travel documents
  • Delayed baggage (and emergency replacement of essential items)
  • Flight connection was missed due to airline schedule Travel delays due to weather Hijacking
  • Medical expense coverage can be per-occurrence or maximum-limit.