If you’re planning a big international vacation, congratulations! You’re in for an amazing experience. But before you start packing your bags, there’s one important thing you need to take care of when you buy travel insurance online. Choosing to purchase international travel insurance is one of the smartest decisions you can make when planning a big trip overseas. Your regular health insurance policy might not provide coverage while you’re abroad. It often does not cover the costs of a serious medical emergency while travelling. And if you’re planning on doing any activities that could be considered risky (like bungee jumping or scuba diving), you definitely need to make sure you’re covered.
Why Do You Need International Travel Insurance?
There are a few reasons why you need international travel insurance, even if you’re healthy and fit.
First, it’s important to have it if you need to cancel your trip. If you or a family member gets sick before your trip, having travel insurance can help you get your money back.
Second, travel insurance can help in case of other unanticipated events. For example, if you lose your passport or other important documents while you’re on vacation. It can be a huge hassle; without insurance, you’ll be on your own to replace them.
Finally, travel insurance can help if you have an accident while you’re on vacation. If you end up with a broken bone or a serious illness and need medical attention, your travel insurance will help pay for it.
Buying International Travel Insurance
Buying international travel insurance is a good idea if you’re planning a trip outside your home country. This type of insurance provides protection in the event of medical emergencies, trip cancellations, lost baggage, and more.
When you’re buying travel insurance, it’s important to make sure you have the expected coverage at a price you can afford. And while it’s always a good idea to compare, you should also be aware of the pitfalls when you buy travel insurance online.
When you’re buying international travel insurance, there are a few things to keep in mind:
- Make sure the policy covers medical emergencies and evacuation. This is the most important coverage when travelling outside your home country.
- When you’re comparing travel insurance policies, it’s important to make sure you’re comparing policies that offer the same level of coverage. For example, some policies may exclude certain types of activities, such as skiing or scuba diving, while others may not provide coverage for pre-existing medical conditions.
- Check the policy limits for medical expenses, baggage, and trip cancellations. Some policies have very low limits, so it’s important to ensure the policy you’re considering provides adequate coverage.
- Be sure to read the fine print carefully and understand what is covered and what is not covered. For example, many policies limit the amount of coverage they provide for lost or stolen luggage. Others may have age limits or may not cover trips to certain countries.
- Get quotes from several different companies to compare prices and coverage.
- Finally, be sure to check the financial stability of the company you’re considering purchasing a policy from. While most travel insurance companies are reputable and financially sound, there have been instances in which companies have gone out of business, leaving policyholders without coverage.
The best way to avoid surprises when you buy travel insurance online is to work with a reputable travel insurance broker who can help you compare policies and ensure you’re getting the coverage you expect at an affordable range.
Choosing A Travel Insurance Plan
There are a variety of travel insurance plans to choose from, and it can be confusing to decide which one is right for you. Do you need trip cancellation insurance? What about medical evacuation coverage?
Here’s a quick rundown of the different types of travel insurance international coverage:
- Trip Cancellation Insurance: This type of insurance reimburses you for non-refundable trip costs if you have to cancel your trip for a covered reason, such as sickness, injury, or family emergency.
- Medical Evacuation Coverage: This type of coverage pays for emergency transportation and medical care if you become sick or injured while on your trip.
- Baggage Loss or Delay Coverage: This type of coverage reimburses you for lost, stolen, or damaged baggage, as well as for the cost of necessary personal items if your baggage is delayed.
- Trip Interruption Coverage: This type of coverage reimburses you for non-refundable trip costs if you have to interrupt your trip for a covered reason, such as sickness, injury, or family emergency.
- Travel Accident Coverage: This type of insurance provides financial protection in the event of accidental death or dismemberment while travelling.
When you buy a travel insurance online plan, it’s important to read the fine print carefully and make sure you understand what is and is not covered. It’s also a good idea to get quotes from several different companies to compare prices and coverage.
When it comes to planning a big international vacation, there are a lot of factors to consider. One of the most important things to think about is travel insurance. No matter where you’re going or how long you’ll be gone, it’s always a good idea to have travel insurance in case something goes wrong.
Disclaimer: The above information is for illustrative purposes only. For more details, please refer to policy wordings and prospectus before concluding the sales.