Travel insurance is basically the type of insurance that covers any unforeseen losses suffered while traveling domestically or internationally such as medical emergencies, trip cancellation, lost luggage, flight delays, and other expenses.
Many travelers see travel insurance as an additional expense but if you experience a mishap during your trip like a medical emergency or something gets stolen, it all seems a totally worthy option to bear your losses.
The basic packages usually cover small expenses such as medical travel accidents, luggage delays, etc. You can opt for these while booking your flights or trip with some advisor company. You can also buy some add-ons but still, it remains very limited. We will discuss some of the essentials you should have covered before traveling.
Most policies or packages cover trip cancellation covering non-refundable hotel or plane tickets. Another scenario could be that your trip got delayed owing to a flight or any other hurdle. During the ongoing pandemic, your trip could also get cancelled due to a lockdown or traveling ban at the desired destination.
The most common obstacle travelers face is the missing of baggage. But even the basic plans cover the lost or damaged luggage or personal belongings. Even reputed companies offer the cost of purchasing basic needs in case the luggage is delayed by the flight.
Medical care includes only regular emergencies like if you get sick or suffer an unforeseen accident that requires immediate attention. It does not include non-emergency procedures such as regular checkups, anything related to cosmetics, childbirth, etc. In case of a medical evacuation like you are stuck in an area with insufficient medical care, emergency transfer through an ambulance or helicopter is also available. It is usually costly but should be opted for if you’re traveling to unstable parts of the world.
All in all, a basic plan is usually enough for a young traveler but if you’re old or have pre-existing medical conditions, or traveling with expensive luggage, we suggest you go for an upgrade package.
The cost depends on various factors including:
- How much longer you are planning to travel as longer trips mean more days to cover.
- The medical conditions you want to get covered.
- The extensiveness of the coverage.
- The cost of local health care in your destination country.
Some of the best rated 2021 companies are mentioned below:
A well-known travel insurance provider based in Omaha, Nebraska which offers a comprehensive travel protection
You can find the details here: https://www.travelexinsurance.com/
2) Allianz Travel:
It is best ranked for aged travelers with pre-existing medical conditions as it includes customized packages.
You can find the details here: https://www.allianztravelinsurance.com/
3) Seven Corners:
A reputed company that has packages to cover travelers during the Covid-19 pandemic.
You can find the details here: https://www.sevencorners.com/
Despite the thrill and enjoyment of travel, there is always a risk attached no matter where you are off to. You can relish your trip the most when you step out with confidence knowing that there is someone attached with you to cover your financial or medical losses.