Travel insurance

Travel insurance for International Travelers

Travel insurance is an insurance product to cover unforeseen losses incurred during a trip, either internationally or nationally. Basic policies generally only cover emergency medical expenses abroad, while comprehensive policies generally include coverage for trip cancellation, loss of luggage, flight delays, public liability and other expenses.

Travel insurance for International Travellers

Policy purchase

Journey departure and return conditions

Most travel insurance policies must be purchased before you leave your home, or from the first point of departure (for example, an airport), depending on the product. Fewer brands offer travel insurance for travelers who are already abroad and have forgotten to purchase travel insurance or have an expired policy. Most policies require you to start and end your trip in your country of residence, however some policies offer one-way travel coverage for people who permanently move to another country.

Cost calculation

Travel insurance is risk-based and takes into account a number of factors in determining whether a traveler can purchase a policy and what the premium will be. This generally includes destination countries or regions, duration of travel, age of travelers, and optional benefits for those requiring coverage, such as pre-existing medical conditions, adventure sports, excess rental, cruise, or high-value vehicles. electronics. [2] Some policies will also take into account the estimated value of the traveler's trip to determine the price. A policy can be a single trip, covering the exact duration of the next trip, or a "multiple trips" policy can cover an unlimited number of trips of limited duration within a year.


Complimentary travel insurance

Some credit card issuers offer automatic travel insurance if travel arrangements are paid for using your credit cards, but these policies are generic and do not take into account personal requirements and circumstances.

Common benefits

Medical

For minor injuries or illnesses abroad, medical benefits offer coverage for general doctor visits, medications, ambulance fees, and limited dental benefits. In case of hospitalization, most travel insurance policies include emergency assistance services, which can offer guarantees of payment to hospitals for treatment, coordinate the treatment of doctors and organize transfers between hospitals or return medical evacuations to the country of origin of the insured person. [6] The most comprehensive policies include supplemental emergency coverage, so that a family member can stay with the insured person while in the hospital.

In the event of death abroad, the medical benefits sections generally include coverage for the repatriation of remains to the insured person in the country of origin, or a funeral abroad.

Cancellation

Comprehensive travel insurance policies include coverage for any cancellation fees or lost deposits related to cancellation of the insured person's trip due to a variety of unforeseen and unexpected circumstances. These include illness or injury, natural disasters and bad weather, strikes and riots, kidnappings and family emergencies. Depending on the policy, it may also include cancellation due to jury duty, being fired from full-time employment, having your annual license revoked if you are in the military or emergency services, and prohibition or advice from a government to travel to a particular destination.


Alternative transport and travel expenses

Many policies include benefits for alternative transportation, lodging, and meal expenses if your transportation provider is delayed for a certain period, as long as the layover times meet the policy criteria. Policies may also include a benefit for purchasing essential items such as clothing and toiletries in case luggage is delayed by an airline.


Luggage

Baggage benefits cover the loss, damage, or theft of personal effects during your trip, including passports and other travel documents. May also include limited cash theft benefits

Public liability

This covers legal liability as a result of a claim made against you for bodily injury or property damage of others.

Optional benefits

In addition to their basic policies, many providers offer coverage for declared pre-existing conditions (eg, asthma, diabetes, cancer), higher risk sports and activities (eg, skiing, high-altitude trekking, diving), damage in rental cars and cruises. .


Compulsory travel insurance

Certain countries will require that you have sufficient proof of travel insurance as a condition of entering or granting a visa. This includes travelers who require a Schengen or UAE visa, and visitors to Cuba, Turkey, and Belarus. Thailand and Egypt [have announced plans to introduce similar requirements. Tourism companies and cruise providers may also have minimum travel insurance requirements before a traveler can begin their journey ....


Common exclusions

Insurance companies that issue will often exclude coverage of ongoing known events to new policies, and may announce long-term exclusions for specific events, such as the volcanic activity of a currently active volcano. Because travel insurance is a risk-based product, many policies will exclude events that may have far-reaching and poorly quantified risk, such as pandemics and endemics, acts of war, and terrorism. Some policies exclude travel to certain countries, or parts of countries, where increased risk is expected. These determinations are often based on official government travel advice from organizations such as the US Department of State or the Australian Department of Foreign Affairs.

Other common exclusions in travel insurance policies include undeclared pre-existing medical conditions, unlicensed operation of a motorcycle, traveling for the purpose of medical treatment, surgery or elective treatment, or injuries or illnesses caused by alcohol, the use of drugs or reckless behavior.

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