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Travel Insurance: Everything You’ve Ever Wanted to Know

By: Ehis Travels

Introduction

Travel insurance is an essential part of travelling responsibly.

It can help protect you from unexpected medical expenses, lost luggage and other miscellaneous mishaps while on Holiday. But what exactly does travel insurance cover? 

And how do you know if it’s right for your trip? Well, we’re here to answer all those questions so that when your next trip comes along (or maybe even this one), you’ll have everything covered!

WHAT IS TRAVEL INSURANCE?

Travel Insurance: Everything You've Ever Wanted to Know.

Insurance. Source: Flickr

Travel insurance is a policy that covers you for unexpected medical expenses, trip cancellation or interruption, lost or stolen baggage and other travel-related incidents.

It’s important to buy the right kind of coverage for the right trip.

For example, if you’re travelling on a short business trip with few activities planned in advance and no reason to cancel your reservation due to personal reasons (such as illness), then it may be unnecessary to buy full medical coverage.

However, if you plan on going scuba diving off the coast of Mexico during your holiday—or even just walking around town—then having comprehensive travel health insurance would be wise since there are so many things that could go wrong.

WHAT DOES TRAVEL INSURANCE COVER?

Travel Insurance: Everything You've Ever Wanted to Know.

Travel insurance policy document with paperwork. Source: istock

 

Travel insurance is not a substitute for travel health insurance. It covers you in the event of an accidental injury, death, or loss of baggage, as well as trip delay and cancellation.

The most essential thing to know about travel insurance is that it’s not like car insurance—you don’t have to pay out-of-pocket once you’ve been approved by your insurer. Travellers’ compensation policies will reimburse up to a certain amount per person per trip. If your trip has been interrupted by illness or accident, and you’re still able to get back on your feet, this money can help cover reasonable medical expenses such as hospitalization or doctor visits during recovery time. It also covers things like lost luggage if it’s delayed due to natural disaster.

 

THE DIFFERENCE BETWEEN TRAVEL INSURANCE AND TRAVEL ASSISTANCE.

When discussing travel insurance, it is referring to the insurance coverage purchased before the trip.

This is intended to offer a refund for trip cancellation or interruption due to unforeseen illness of the policyholder or a family member, or other reasons depending on the chosen plan. It may also include emergency medical coverage in case of accident, health problems, or other inconveniences such as loss or baggage delay.

The key difference between travel insurance and assistance is that it works when an unforeseen scenario occurs; that is, the money invested in the trip is recovered, which the insurance company reimburses to the policyholder or the authorized beneficiary, according to the acquired plan. 

Unlike travel insurance, Travel Assistance protects the health of travellers with a 24-hour support service for any inconvenience that may be caused by unforeseen circumstances. Here, emergency services are provided in the event of an emergency. Not later.

 

IS TRAVEL INSURANCE RIGHT FOR ME?

Travel Insurance: Everything You've Ever Wanted to Know.

Travel Insurance Form. Source: istock

Travel insurance is not a substitute for travel assistance. If you’re travelling without help, or find yourself in an emergency situation while away, your insurer may not be able to help you out.

Travel insurance is not a substitute for health insurance.

You might be able to get some medical attention from the hospital or clinic closest to where you’re staying—but if it isn’t available 24 hours a day and seven days per week, then this isn’t going to do much good anyway!

Travel insurance is not a substitute for life insurance or business travel policies either: These cover different things than regular coverages would provide (for example: death benefits), so make sure that’s what you need before purchasing any kind of policy from an insurer.

 

HOW DO I KNOW IF MY CREDIT CARD ALREADY HAS THIS COVERAGE, AND WILL IT WORK IN THE COUNTRY I’M GOING TO?

You may have a travel insurance policy on your credit card, but it will only cover you if you are going to another country that is part of the same program.

If you’re planning on travelling internationally and are concerned about protecting yourself against unexpected medical expenses while abroad, then it’s important to check what kind of coverage is provided by each provider before making your final decision.

It’s also worth noting that some credit cards offer select travellers airport lounge access in exchange for an annual fee (this is called complimentary lounge membership). This can be helpful if you plan on spending most of your time in an airport terminal instead of hiking around until it closes at midnight every night!

 

WHAT ABOUT PRESCRIPTION MEDICATIONS–AM I COVERED FOR THOSE?

Prescription medication is covered by many policies, but some policies will only cover the cost of medical treatment for an illness caused by a prescription drug.

Other insurance companies may require you to pay out of pocket if your prescription runs out on holiday. When buying travel insurance, it’s essential to find out what coverage options are offered and how much they’ll cost before making any decisions about which policy suits you best.

 

WHY DON’T I JUST BUY A POLICY ONLINE?

Buying an insurance policy online is a great way to save money, but it’s not always the best option.

For example, if you’re travelling with children and want full coverage for their medical emergencies while they’re abroad, buying an online policy that doesn’t cover them could cost more than having one in person.

If your trip includes scuba diving or horseback riding (activities which aren’t always covered by travel insurance), then purchasing a policy on the Internet may not be worth it either because these trips will increase your deductible and reduce how much coverage you get out of your plan.

Another drawback of purchasing an online plan is that some travellers don’t get their claims processed quickly enough when they return home—especially if they lost everything due to theft at the airport during check-in or had some other problem while abroad—and so having one already waiting for them at home could mean having access sooner than expected!

SUGGESTED READ: Solo Travelling and 5 Atrocious Myths About It.

Conclusion

Travel insurance is a great way to protect yourself from medical emergencies and other unforeseen costs when you’re travelling.

But it’s not always easy to know exactly what you need in order for your coverage to be effective. We hope this article has helped answer some of those questions for you!

If there are any other topics that we haven’t covered here or if there was something about the process that was confusing for you, please feel free to reach out and let us know, so we can continue improving our content.

 

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