Exploring the world has always come with certain inherent risks. In today's world, however, where a global pandemic can and has shut down travel and our daily lives, those risks are more top-of-mind than ever before.
So how can we travel internationally while also staying safe? Travel insurance is your first and best protection against the unexpected abroad, especially in these uncertain times. Trip and travel medical insurances can save you from huge financial losses caused by last-minute cancellations, medical fees, or even a case of coronavirus.
VisitorsCoverage is an online marketplace to compare and purchase different travel insurance options. With a variety of benefits, choosing the right plan for your situation can be difficult. To help, here are some often-overlooked benefits that you won't want to miss.
What is Travel Insurance?
There are two main categories of travel insurance:
- Trip insurance generally covers the financial investments of a trip. For example, if you are forced to cancel a trip, miss a flight connection or are otherwise unable to continue with your plans, trip insurance can reimburse you for a portion of your trip investment up to the limits of your policy. Depending on your plan, trip insurance can cover a variety of different situations, including but not limited to canceled flights, lost passports and mishandled luggage.
- Travel medical insurance is designed to cover unexpected medical costs while you are abroad. While you are outside of your home country, you will likely not be covered by your usual insurance provider. If you have an accident or injury and need medical care while abroad, you will be forced to pay the entirety of the care costs out of pocket unless you have an international insurance provider. This is especially problematic in countries like the United States and Japan where medical costs are notoriously high. These types of plans can also be helpful to new immigrants who do not have permanent healthcare insurance plans yet or parents visiting children in other countries.
It's important to know about these distinctions so that you can make an informed decision when choosing a travel insurance policy for you and your loved ones.
What Can Travel Insurance Do For You?
Although many people think of travel insurance as limited to reimbursement for canceled plans or medical bills, it actually encompasses a number of different features. Some common benefits include financial protection expenses incurred from lost passports and luggage as well as coverage for replacement eyeglasses if yours are lost or damaged during your trip.
Here are some benefits that you might not be aware of, but can greatly impact your trip.
- Coronavirus Coverage: The global pandemic has impacted millions of lives and changed the way people consider travel risks moving forward. Certain visitors insurance plans for those coming to the U.S. can cover COVID-19 related treatment and services.
- Multi-Trip Insurance: Certain plans can be applied to multiple trips within a one-year time period. Business travelers, in particular, may benefit from multi-trip insurance if they are regularly traveling internationally.
- Border Entry Protection: Did you know that even if you arrive at a U.S. border with a valid visa, you are not guaranteed entry? If you are turned away at the border, plans like CoverAmerica-Gold can help with the financial burden of getting back home sooner than anticipated.
- Cancelation Fees: If you are forced to cancel your trip, you don't want to have to pay for an insurance policy that you're no longer going to use. Certain plans give you the ability to cancel your policy without a fee or move the dates of coverage.
- Repatriation: One of the hardest benefits to think about is repatriation, or the return of mortal remains. If you or one of your traveling companions were to pass away while far from home, it can be very difficult and expensive to transport the body home to be laid to rest. Repatriation coverage helps with the cost of returning a person back to their home country after their death. This benefit is required for those applying for a Schengen Visa.
- Adventure Sports Optional Riders: If you plan on participating in exciting activities like river rafting, skiing or mountaineering on your trip, you may want to purchase an additional adventure sports rider that will cover you if you are injured during some of these more risky activities.
- Kidnap and Ransom Insurance: Unfortunately, some areas of the globe are more dangerous than others. In certain places, there is a real threat of kidnapping. If you are kidnapped, you or your loved ones may be asked to pay a ransom or hire lawyers and negotiators to return home safely. Sometimes known as K&R, Kidnap and Ransom insurance protects you and your loved ones against the debilitating costs that can be incurred to get a kidnapping victim home safely.
Finding the right travel insurance policy for you and your loved ones can bring peace of mind with you on your travels. If you find the right plan, with the right benefits for you, it allows you to travel with confidence that you are protected no matter what happens while you are away from home.