Travel insurance is comprehensive protection in case anything goes wrong and can protect you against illness, injury, theft, and cancellations. Most people don’t realize they need it until its too late. As a result, it’s highly recommended, especially in this new age of Coronavirus.
In a nutshell, travel insurance has two main features to consider: travel protections and medical coverage. Worth noting and finding more out is how travel insurance can help supplement the some existing coverages and protections offered by your current credit cards, and how your current medical coverage provided under your personal health insurance policy would possibly apply. Also important to consider is the ratings for whichever company you’re considering since sometimes you get what you pay for. Bear in mind as with all policies, lots of conditions can and do apply.
Things To Consider & Types of Coverages Available
- Emergency Medical, Hospital, and/or Dental Coverages (including Medical Evacuations)
- Travel Accidents (like Death & Dismemberment)
- Trip Cancellations, Delays, or Interruptions
- Rental Car Coverages including collision, injury, damages, etc.
- Lost or Stolen Bags/Luggage (and even baggage delays)
- Family Plans (and whether or not you need them)
- Varies considerably but can be had for as low as about $50 USD
- Depend a lot on the plan’s deductibles or copays
- Depend on whether you’re going on a single trip or want an annual plan
- Carefully research pre-existing conditions if you have any (most insurers generally won’t cover them)
- Check to see if pandemics like Coronavirus are covered too