Why You Need Travel Insurance For Your Next International Trip

Why You Need Travel Insurance For Your Next International Trip

As you prepare for your next international voyage, amidst the excitement of exploring new cultures and landscapes, it's essential to take some time to consider the necessary protection for yourself and your trip: travel insurance.

Travel insurance isn’t just for catastrophes or loss of valuable material possessions. Travel insurance also serves as a vital safety net, offering peace of mind and financial security in the face of unforeseen emergencies, particularly unexpected illnesses or injuries.

Depending on your eligibility and what degree of coverage you need, there are two types of travel insurance you should look into. In this comprehensive guide, we'll explore the importance of both trip and travel medical insurance, helping you understand why they're crucial for your next adventure.

What Type of Travel Insurance Do I Need?

There are two main types of travel insurance - trip insurance and travel medical insurance. Unlike standard trip insurance, which primarily focuses on financial reimbursement for trip-related expenses, travel medical insurance provides comprehensive coverage for medical costs incurred during your journey.

For travelers visiting countries with exorbitant healthcare costs, such as the United States, travel medical insurance is an absolute necessity. Without adequate coverage, even minor medical interventions can lead to substantial financial burdens, potentially derailing your travel plans and draining your savings.

Understanding the Basics: Trip vs. Travel Insurance

Before delving into the specifics of travel insurance, let's differentiate between trip insurance and travel medical insurance to understand their coverage and eligibility.

What Is Trip Insurance?

Trip insurance primarily focuses on financial protection against unexpected expenses that may impact your trip. Only U.S. residents are eligible to purchase trip insurance, and coverage extends to both domestic and international travel.

Key benefits of trip insurance include coverage for:

  • Trip cancellation and interruption
  • Accidents and sickness
  • Travel delay
  • Missed connections

What Is Travel Medical Insurance?

Travel medical insurance, or visitors insurance, extends beyond the scope of trip insurance, focusing on providing coverage for medical emergencies during your journey. From illness and injury to emergency evacuation, travel medical insurance ensures that you receive the necessary medical care for unexpected injuries and illnesses during your travels.

For international travel, it's essential to consider international travel insurance, also known as international health insurance. Designed to meet the unique needs of travelers venturing beyond their home country, international travel insurance offers comprehensive coverage for a wide range of unexpected events, including illness, injury, emergency evacuation, and natural disasters.

International travel insurance plans are available for individuals, families, and groups, catering to the diverse needs of travelers. VisitorsCoverage offers different plans with varying levels of coverage to fit any budget.

Key benefits of international travel insurance include:

  • Medical coverage for new illnesses and injuries
  • Emergency services such as hospitalization and surgery
  • Emergency medical evacuation
  • COVID-19 coverage
  • Prescription medication coverage
  • Lost luggage reimbursement
Benefits of travel insurance may vary from plan to plan. It’s important to review and compare policies to select the plan that best suits your needs.

Why Travel Insurance Should Be Integral to Your Trip Planning

Travel insurance might just seem like an additional, low-priority expense for a trip that is already exceeding affordability. However, the last thing you want on a trip is to run into an emergency, uninsured, and have to pay the entirety of the cost straight out of your pocket. 

Medical emergencies can occur unexpectedly, posing significant financial and logistical challenges for travelers. Without adequate travel medical insurance, a simple visit to the doctor could result in significant financial strain. Travel insurance can offer protection for health-related emergencies for covered injuries or illnesses that occur while abroad.

Flexibility With Cancel for Any Reason (CFAR) Coverage

While your trip insurance will come with standard cancellation reimbursement for issues beyond your control like natural disasters or airline outages, only Cancel For Any Reason lets you cancel your travel plans for any reason and still receive some reimbursement for prepaid travel expenses. Whether it's a family emergency or you have a critical, last-minute business meeting to attend, you can cancel your trip with minimal financial loss.

Cancel for Any Reason (CFAR) coverage provides flexibility to cancel your trip for any reason and receive partial reimbursement for prepaid travel expenses. This feature offers peace of mind, allowing you to adapt to unforeseen circumstances or changes in travel plans.

Why Travel Insurance Is Worth It

Travel insurance can be a valuable investment for the following reasons.

Peace of Mind

Travel insurance provides peace of mind, knowing that you're financially protected against unforeseen emergencies. It allows you to focus on enjoying your trip without worrying about potential risks or expenses.

Risk Mitigation

While no one plans for emergencies, they can occur unexpectedly. Travel insurance serves as a safety net, reducing the financial burden associated with medical emergencies, trip cancellations, or lost baggage.

Mandatory Requirements and Visa Prerequisites

As you are looking at various plans, some of you might be wondering: is travel insurance necessary for international travel?

While not all, some countries have begun to mandate that visitors have travel insurance as a prerequisite for entry. For instance, qualifying for the Schengen Visa requires travel insurance with a minimum coverage of at least 30,000 EUR.

Failure to comply with these requirements could result in visa rejections or travel disruptions. It's imperative to familiarize yourself with the specific insurance prerequisites of your destination country to avoid any complications during your trip.

VisitorsCoverage Is Your Solution

VisitorsCoverage offers a range of international travel insurance plans designed to meet the unique needs of every traveler. Whether you're an individual, family, or group, there's a plan to fit your requirements and budget. With customizable options and varying levels of coverage, you can find the perfect plan for your next international adventure.

Have questions? Our Customer Success Team is here to help you through any questions or concerns you may have.