What is travel liability insurance? Are travel agency liability insurance and travel accident insurance the same thing?

The National Day holiday is coming soon, and many people are ready to travel. There are two types of travel: group travel and free travel. If you are going to travel with a group, the travel agency will have procedures for buying insurance, usually travel agency liability insurance and tourist life accident insurance. So what is the difference between these two types of insurance?

What is travel liability insurance?

Liability insurance is like compulsory automobile insurance. Travel agencies must purchase it, and the National Tourism Administration requires it. The scope of compensation is valid when traveling together, because travel agencies have the responsibility to take good care of tourists within the scope of their planning.

For example, if a group of people are taking photos on the mountain and a wild monkey comes out and scratches Li Si, this falls under liability insurance and must be compensated.

Are travel agency liability insurance and travel accident insurance the same thing?

There is a big difference between the two. For example, suppose a tourist from a travel agency is in danger.

Travel agency liability insurance: When a tourist is in danger, the insurance company will compensate the travel agency, and the travel agency will distribute the money to customers, transferring the risk to the travel agency.

Travel Accident Insurance: When tourists are not participating in group activities, if they encounter an accident, the insurance company will directly compensate the customer, and the customer can also ask the travel agency for compensation, so the travel agency bears a great risk.

The difference between these two insurances is the subject of insurance, one insures travel agencies and the other insures tourists. The similarity is that the possible risks are transferred to the insurance company, so you spend money to buy peace of mind.

How much is the best amount of travel accident insurance?

If you are traveling in a group, according to industry regulations, the tour operator will definitely provide you with a travel accident insurance. The insured amount is determined based on several quotes from various insurance companies. For example, you will be given 100,000, 200,000, 300,000, 500,000, or 1 million. Most of them are around 300,000, and include items such as accidental medical treatment and luggage loss. In Schengen countries (Europe), the minimum requirement is 300,000, and travel agencies will provide insurance for each passenger.

If you feel that the insurance coverage is not enough, or you are traveling independently, you can consult various insurance companies on your own. They will have multiple pre-customized travel accident insurance plans to choose from.

You can consider these aspects:

1. If you lose your job due to an accident, how much protection do you want?

2. What is the level of medical expenses in the tourist destination? Determine the amount of medical insurance for accidental injuries;

3. It must also contain content about sudden acute illness, altitude sickness, and personal illness;

4. Finally, the insurance period should be two days longer than the itinerary to avoid the insurance being invalidated due to delays. In reality, flight delays are common, which can cause insurance to expire and accidents are also common.