A travel insurance policy reimburses specified expenses, as outlined in the policy, that are incurred by the insured person when travelling and that are not covered by government programs.
A travel insurance policy is a health expense benefit under Assuris protection.
If your life and health insurance company fails, Assuris guarantees that you will retain up to $250,000 or 90% of your benefit amount, whichever is higher.
Since the expenses incurred are less than $250,000, your reimbursed expenses are fully protected.
Protected benefit amount
Since the expenses incurred are more than $250,000, you will retain 90% of your reimbursed expenses.
($300,000 × 90%)
Adjusted benefit amount