Travel insurance is a broad term used for insurance that provides travel coverage. Typically, travel insurance can be broadly categorized into two categories:
- Trip Insurance: Protection for financial losses due to unexpected trip-related issues
- Travel Medical Insurance: Protection for health-related issues
Let’s take a closer look at the difference between trip insurance vs. travel medical insurance.
Trip insurance usually refers to trip cancellation insurance coverage. Trip insurance protects you against financial losses suffered due to certain unexpected trip cancellations, trip interruptions, trip delays, missed flight connections, baggage loss, rental car coverage etc.
Specific features and benefits may vary from plan to plan. Some plans might cover only for trip cancellation, and not trip delay or interruption. Some other plans have similar coverage but not all of the features. These are usually for a short trip of up to 30 days.
If you’re traveling with kids, or seniors, headed to risky areas like war zones or regions vulnerable to natural disasters, your travel plans may be more susceptible to change. In this case, trip insurance can help protect your financial investment.
Travel Medical Insurance
Travel Medical Insurance plans offer protection for unforeseen health issues like sudden illness or injuries caused by accidents that occur while you’re abroad. These plans cover expenses for medical treatment, emergency medical evacuation, accidental death and dismemberment, or repatriation while traveling. This type of travel insurance is sometimes referred to as visitors insurance, visitors medical insurance, travel health insurance or overseas travel insurance.
If you’re traveling abroad or to a foreign place where risk to exposed health issues are higher, travel medical insurance is a must. Whether you’re a visitor to the U.S., where medical expenses are high, or a U.S. resident traveling to Africa for a safari trip, comprehensive travel medical insurance is strongly suggested.