All You Need to Know About Travel Insurance

Why You Need Travel Insurance

If you plan on traveling anytime soon, you should consider travel insurance. Most health insurance plans don’t cover you when you travel.  You never know what might happen, so it’s best to purchase travel insurance to not only cover trip cancellation and delays but also in case you become ill or get injured. It’s not just about seeing a doctor while you’re traveling, but it could save you thousands should something go wrong.

A few things to consider when choosing a travel insurance provider

✔️ Make sure your travel insurance offers a high coverage limit on your medical expenses. High coverage limits are important because if you get sick, injured, or need serious medical attention, you want to make sure your bills are covered.

✔️ Make sure your travel insurance policy also covers emergency evacuation that is separate from your medical coverage. If you are hiking and take a tumble and break your leg, your policy should cover your evacuation to the nearest acceptable medical facility. In addition, if a natural disaster occurs and you need to be evacuated, your plan should cover that as well. We recommend coverage of up to $300,000 USD.  Additionally, make sure you understand if your evacuation coverage will pay for you to get home or if it will just send you to the nearest acceptable facility. Most insurance policies will pay for your hospital bills, but they won’t pay for you to get home since it’s not a life-threatening injury requiring advanced care.

✔️ Consider whether the insurance provider offers 24/7 emergency assistance services, including access to a multilingual support team, medical referrals, and coordination of emergency medical evacuation if needed.

✔️ If you’d prefer to not stay in a foreign hospital for treatment and recovery, you should look into a medical transport membership program like Medjet. They ensure that should you need to be hospitalized abroad, you’ll be able to be repatriated.

✔️ Ensure that the policy covers all the destinations you plan to visit and any specific activities or sports you intend to participate in during your trip. Some insurers may exclude coverage for certain regions or high-risk activities.

✔️  Sudden travel bans and unexpected quarantine requirements can also derail your trip. Buying cancel for any reason coverage will give you some reimbursement no matter your reason for canceling.

✔️  Some travel destinations have medical coverage requirements for incoming travelers. Be sure to confirm the medical coverage requirements you’ll need for your destination before you buy a travel insurance plan.

✔️ Understand the claims process and any deductibles that may apply, including how to file a claim, required documentation, and the timeline for reimbursement. Choose a provider with a straightforward claims process and transparent policies.

✔️ Consider the level of customer support provided by the insurance company, including access to assistance before, during, and after your trip. Opt for a provider that offers multiple communication channels and responsive support for any inquiries or concerns.

What's Not Covered by Travel Insurance

While travel insurance typically offers coverage for a wide range of situations, there are certain exclusions and limitations that are commonly found in most policies. It’s essential to carefully review the terms and conditions of your policy to understand what is not covered. Here are some common exclusions in travel insurance:

✔️ Many travel insurance policies exclude coverage for pre-existing medical conditions unless specifically included or covered under a waiver. This means that any medical expenses related to a condition you had before purchasing the insurance may not be covered.

✔️ Some travel insurance policies do not cover injuries or incidents related to high-risk activities such as skydiving, bungee jumping, or extreme sports. If you plan to participate in these activities during your trip, you may need to purchase additional coverage or a specialized policy.

✔️ Most travel insurance policies exclude coverage for injuries, accidents, or other incidents resulting from the use of alcohol or illegal drugs.

✔️ Coverage may be denied if an injury or incident occurs due to reckless or irresponsible behavior, such as ignoring safety warnings or engaging in illegal activities.

✔️ Many travel insurance policies exclude coverage for incidents related to war, acts of terrorism, or civil unrest in the destination country.

✔️ Some policies may exclude coverage for travel to countries or regions that are under travel advisories or deemed unsafe by government authorities.

✔️ Travel insurance typically does not cover losses resulting from negligence, such as leaving belongings unattended or failing to take reasonable precautions to safeguard your possessions.

✔️ While some policies may offer coverage for trip cancellation or interruption due to the financial insolvency of a travel supplier (such as an airline or tour operator), this coverage is not always included in standard policies.

✔️ Coverage for trip cancellation or interruption due to natural disasters or extreme weather events may vary depending on the policy and the specific circumstances.

✔️ Some travel insurance policies exclude coverage for pregnancy-related expenses or complications if the pregnancy was known before purchasing the insurance.

It’s important to carefully review the terms, conditions, and exclusions of your travel insurance policy to ensure you understand what is covered and what is not. If you have any questions or concerns about specific exclusions, consider contacting the insurance provider directly for clarification.

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