Travel insurance coverage can be grouped into three main categories: financial reimbursement, travel medical coverage, and 24-hour assistance. The most common type of travel insurance claim is the financial type. Depending on your policy benefits, you can submit a claim for costs incurred due to things like needing to cancel your trip (for a covered reason), trip delay or curtailment/interruption, missed connections, or lost baggage.

Travel medical coverage is an especially important benefit if you’re traveling abroad, and your everyday health insurance may not or won’t cover you. Many policies also have emergency medical evacuation available, which can arrange and pay for medical transportation to a hospital or even to your home if it’s medically necessary.