Summer travel season started and many of you are going to take a vacation or travel overseas for various reasons. In case you wonder whether or not you need to buy travel insurance, the answer is – it depends.
See, there 2 main categories of travel insurance:
- Trip cancelation insurance and
- Travel Medical Insurance
Let’s take a look at both:
Trip cancelation insurance is a -package plan that includes trip cancelation (in case you need to cancel your trip for valid reasons prior to departure, it will reimburse you the pre-paid non-refundable portion of your trip cost (this type of policy is usually about 5% of the total trip cost).
Some credit cards offer trip cancelation coverage and if your card covers it, you obviously don’t have to waist extra money on travel insurance.
Travel Medical Insurance primarily covers travel medical insurance while abroad and covers emergency medical treatment and care. There are many plans available and it is relatively cheap to get one of those plans rather than take a chance. Some domestic health insurance might offer some type of coverage abroad or offer short term riders that will cover your trip.
Check with you health insurance carrier if your company offers such coverage. Otherwise, you might consider getting a separate medical travel insurance plan.
Here is a link with various travel plans, so feel free to check it out!
TRAVEL MEDICAL INSURANCE (INDIVIDUAL TRAVELERS, STUDENTS, GROUPS, SENIORS ETC.)
MANY OPTIONS AVAILABLE!
ALLIANZ TRAVEL INSURANCE
VISITORS INSURANCE
VISITORS INSURANCE
TRAVEL OUTSIDE OF U.S.A.
SCHENGEN VISA INSURANCE
NEW IMMIGRANTS
VISITING WITH GREEN CARD
EXCHANGE VISITORS (J1/J2)
EXPATRIATES
GROUP TRAVEL INSURANCE
MARINE CREW
MISSIONARY TRAVEL
HAZARDOUS SPORTS INSURANCE
VISITORS MEDICAL INSURANCE (FOR VISITORS TRAVELING TO USA)
TRIP CANCELLATION INSURANCE
These policies usually offer extra benefits such as trip interruption, emergency medical evacuation, repatriation remains, lost baggage coverage, accidental death and dismemberment, and other services such as emergency cash transfer, concierge services, rental car coverage, flight accident, travel delay and so on.
Hey, it’s up to you whether you want to purchase travel or visitor insurance… Whatever you do, stay safe and have a great vacation.
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