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Start learning 50% faster. Sign in nowTravel Insurance: Travel insurance is a type of insurance that covers the costs and losses associated with traveling. It is useful protection for those traveling domestically or abroad. Many companies selling tickets or travel packages, give consumers the option to purchase travel insurance, also known as travelers insurance. Some travel policies cover damage to personal property, rented equipment, such as rental cars, or even the cost of paying a ransom. The main categories of travel insurance include trip cancellation or interruption coverage, baggage and personal effects coverage, medical expense coverage, and accidental death or flight accident coverage. Thus, we can conclude that if a family member has broken his/her leg in an accident while on vacation in Singapore then travel insurance will be applicable.
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