IMPORTANCE OF COMPREHENSIVE TRAVEL INSURANCE PLAN
Traveling, whether on vacation or business, exposes you to a wide variety of risks, along with pleasure. You always consider yourself to be in good health but accidents do come your way unexpectedly. Travel insurance offers protection to such uncertainties by providing high service excellence, international coverage and value for money.
We all know that ‘Prevention is better than cure’. Isn’t it good to be safer than feeling sorry about the consequences? Travel insurance might seem to be like an extra expense when you spend thousands on your trip. But you can enjoy your trip at the fullest by having a perfect travel health insurance.
Did you know that just one night’s stay in the hospital can cost you $2500 or more? Or a heart surgery abroad can cost you as much as $100,000? Hence, travel health insurance is an affordable, safe and easy way for insuring unforeseen costs and events.
Travel insurance provides you with cover for personal uncertainties, ambulance cost, hospitalization, loss of baggage/passport, home burglary etc. Although, travel insurance online provides the coverage during medical emergencies, it is always safe to have a policy that can provide maximum cover.
The amount of medical coverage available from travel insurance companies varies widely. While young people can feel secure by buying a policy of $500,000, older members can avail only up to $50,000 to $100,000. Most travel health insurance found online offer a comparison tool particularly for older members. This gives them the opportunity to look around for the best quote.
However, with fixed benefit travel health insurance policies, the sum insured is not applicable for all expenses. There are some limitations for each type of an expense. For example, a policy of $ 100K might cover a maximum of $20K in case of personal uncertainties and $500 in case of dental expenses. This ceiling could vary from company to company. Any expenses above this limit have to be borne by you.
Furthermore, there is a deductible levied for certain expenses. The deductible is an amount pre-determined between you and the travel health insurance company; it is a fixed amount, decided at the time of buying the policy. This is the amount that you pay towards your medical expenses before the insurance company will start their coverage. Typically, the higher the deductible you pay, the lower is your premium.
However, travel insurance is not just about medical expenses. The coverage also includes expenses related to medical evacuation, repatriation costs, loss of baggage or other personal belongings, cancelled or delayed flights etc. With all these impending expenses, it’s easy to perceive why a comprehensive travel health insurance policy is highly recommended.
