Protect Yourself During Your Next Trip by Purchasing Travel Insurance

When traveling abroad, your health insurance policy may not travel with you. Many of the activities that you perform while traveling can be overtly dangerous, exposing you to a greater likelihood of suffering bodily injury. Walking nature trails, touring cities, surfing, scuba diving, snowboarding, etc. are some of the hazardous activities that you might perform in your travels. With the potential high costs of an injury, it might come as a shock to you to realize that your health insurance policy may not respond during your trip if you suffer an injury or get sick.

Travel insurance is an essential item to purchase for any trip, especially when traveling abroad. The places you visit may fall outside the geographic scope of your health insurance policy. While some health insurance plans may offer coverage worldwide, you should review your plan carefully to determine the extent of your coverage while traveling. If covered, some health insurance plans may provide reimbursement for medical expenses, leaving you with the responsibility of having to pay the initial cost of treatment on your own.

Travel insurance is an excellent way to address the risks you face while traveling. Said policies offer protections beyond coverage for medical expenses incurred from bodily injuries or sickness. Travel insurance can indemnify (compensate) you for losses such as: (1) unrecoverable deposits and expenses if your trip is canceled for covered reasons, (2) additional expenses incurred due to trip interruptions, (3) additional expenses incurred due to lost or delayed baggage, (4) medical expenses, (5) medical evacuation/repatriation, etc.

Travel insurance is tailored to address risk while traveling. It is a cost effective way to reduce your exposure to loss. With travel insurance you are transferring your risk of loss to an insurance company. You are exchanging the uncertainty of loss with the insurance company’s commitment to indemnify you for the covered losses you suffer and a fixed premium amount payable to the travel insurance company.

Travel insurance is readily available for purchase online, making the product readily accessible to cover your next trip. We (Risk Reinsurance Holdings, Inc.) are currently offering travel insurance products from Seven Corners, Inc. to address your travel insurance needs. Their roundtrip elite insurance plan provides travel insurance coverage for individual trips up to a maximum of 90 days. It covers insured individuals for the following:

Travel arrangement protection

• Trip Cancellation: Covers your non-refundable, prepaid trip cost if you are unable to take your trip due to a covered reason. Limited to 100% of trip costs up to USD 30,000.00 per trip.
• Trip Interruption: Covers the non-refundable, unused portion of your prepaid trip cost and the additional cost to return home or rejoin your trip due to a covered reason. Limited to 150% of trip costs.
• Trip Delays: Pays for additional transportation, meals, accommodations, and non-refundable, unused prepaid expenses if you are delayed en route to/from your trip. Limited to $1,500 per trip (for delays of 6 or more hours; total payment is subject to a daily limit).
• Change Fees: Covers fees associated with a change to your air itinerary. Limited to USD 75.00 per trip.

Travel Medical Protection

• Emergency Accident & Sickness Medical Expense: Covers medical treatment for a sickness or injury which occurs during your trip. Limited to USD 250,000.00 per trip.
• Emergency Dental Expense: Covers dental expenses up to $750 for an injury.
• Emergency Medical Evacuation/Repatriation: 1)Transports you to the nearest appropriate medical facility if medically necessary; 2) Returns your remains to your residence if you die while traveling; 3) If you are hospitalized more than 7 days, a) transports dependent children home if they are traveling with you and b) Sends a person chosen by you to/from your bedside if you are traveling alone. Limited to USD 1,000,000.00 per trip.

Travel Baggage & Personal Belongings Protection

• Lost, stolen or damage baggage: Covers loss, theft, or damage to your baggage and personal effects. Limited to USD 2,500.00 per trip.
• Baggage delay: Covers checked bags if they are delayed on the way TO destinations, not returning flights. Limited to USD 600.00 per trip (secondary to other coverage).

Additional Coverages and Travel Services

• Accidental Death & Dismemberment: Pays benefits for death, loss of limbs, or loss of sight due to an accident occurring on your trip. Limited to USD 25,000.00 per trip.
• 24/7 Travel Assistance Services: Seven Corners, Inc. Assist is with you every step of your trip! Our 24/7 multilingual team is available to help you with travel emergencies and general travel assistance. They can arrange medical evacuations, escorts for unaccompanied children, medical record transfers and second opinions, and help you locate medical care. They can also provide interpreter referrals, help with lost passport recovery, hotel and flight re-bookings, and many other services.

For additional information you may review the plan’s information here:
Seven Corners Roundtrip Elite Brochure (for U.S. residents).
Seven Corners Roundtrip International Brochure (for non-U.S. residents).

You may follow the links hereunder to get quotes under the Seven Corners Roundtrip travel insurance program.