27 Feb 2018

Understanding Overseas Travel Insurance

Travelling internationally is quite exciting, visiting exotic places, landmarks, safaris etc. Wherever your destination is worldwide, it isn’t complete without overseas travel insurance.  There are important types of insurance and features you should get if you’re considering overseas travel, they are;

  • Travel health insurance.
  • Trip cancellation insurance.
  • Medical evacuation insurance
  • Personal item loss and delay insurance.
  • 24/7 assistance.

These insurance extensively covers majority of emergencies that you might encounter during your sojourn abroad, giving you the much needed peace of mind that’ll make you enjoy your trip.

Travel Health Insurance

If you have existing health problems or you intend to engage in dangerous or adventurous activities like mountain climbing, bungee jumping, hang gliding or scuba diving, travel health insurance is a must. A visit to the clinic in your host country may incur out of pocket expenses which could prove very costly, this is because a country may have nationalized health care but it might not cover non-citizens. Those who have health problems prior to their travel should also consider having travel health insurance in case of a medical emergency.

Trip cancellation insurance

This kind of insurance covers cancellation of your trip, transportation tickets including train, flight or cruises. It is important to carefully go through the policy to ensure it covers the basics and important things to you. With trip cancellation insurance, you’re covered if you wish to make a last minute cancellation due to changes in your schedule or a case of a disease outbreak in your country of destination like the Ebola outbreak. Before purchasing this policy, make sure you read the terms and conditions.

Medical Evacuation Insurance

Medical Evacuation insurance is best purchased when travelling to remote destinations, third world countries or developing nations. It is sometimes bought with your travel health insurance policy or could be bought separately. This insurance policy covers emergency transportation from an area without the adequate medical equipment, personnel and expertise to a standard hospital that can adequately take care of the emergency.

Baggage/personal item loss and delay

This insurance covers reimbursement for all sort of delayed, lost or stolen properties while embarking or during the trip. Where you have an emergency like a delayed flight, some insurance policies pay for the essentials you’ll need to get you going.

24/7 Worldwide Assistance

The broker must be available at all times to help with various emergencies you may encounter before, during and after your trip.

Generally, be careful of travel agents whose aim is to sell the policy that’ll earn them a high commission rather that choosing what would suit you best. Always try to purchase overseas travel insurance from brokers that offer coverage from a variety of carriers. Before buying the policy, do your research by speaking to a sales rep, request for a copy of the policy and go through it thoroughly, ensure it offers all the protection you need.

When in doubt about a particular emergency, ask a rep to show you in plain language that the policy covers it. It is awful when an emergency spoils a trip, finding out that your loss isn’t covered is akin to adding insult to injury.

Travelling internationally is quite exciting, visiting exotic places, landmarks, safaris etc. Wherever your destination is worldwide, it isn’t complete without overseas travel insurance.  There are important types of insurance and features you should get if you’re considering overseas travel, they are;

  • Travel health insurance.
  • Trip cancellation insurance.
  • Medical evacuation insurance
  • Personal item loss and delay insurance.
  • 24/7 assistance.

These insurance extensively covers majority of emergencies that you might encounter during your sojourn abroad, giving you the much needed peace of mind that’ll make you enjoy your trip.

Travel Health Insurance

If you have existing health problems or you intend to engage in dangerous or adventurous activities like mountain climbing, bungee jumping, hang gliding or scuba diving, travel health insurance is a must. A visit to the clinic in your host country may incur out of pocket expenses which could prove very costly, this is because a country may have nationalized health care but it might not cover non-citizens. Those who have health problems prior to their travel should also consider having travel health insurance in case of a medical emergency.

Trip cancellation insurance

This kind of insurance covers cancellation of your trip, transportation tickets including train, flight or cruises. It is important to carefully go through the policy to ensure it covers the basics and important things to you. With trip cancellation insurance, you’re covered if you wish to make a last minute cancellation due to changes in your schedule or a case of a disease outbreak in your country of destination like the Ebola outbreak. Before purchasing this policy, make sure you read the terms and conditions.

Medical Evacuation Insurance

Medical Evacuation insurance is best purchased when travelling to remote destinations, third world countries or developing nations. It is sometimes bought with your travel health insurance policy or could be bought separately. This insurance policy covers emergency transportation from an area without the adequate medical equipment, personnel and expertise to a standard hospital that can adequately take care of the emergency.

Baggage/personal item loss and delay

This insurance covers reimbursement for all sort of delayed, lost or stolen properties while embarking or during the trip. Where you have an emergency like a delayed flight, some insurance policies pay for the essentials you’ll need to get you going.

24/7 Worldwide Assistance

The broker must be available at all times to help with various emergencies you may encounter before, during and after your trip.

Generally, be careful of travel agents whose aim is to sell the policy that’ll earn them a high commission rather that choosing what would suit you best. Always try to purchase overseas travel insurance from brokers that offer coverage from a variety of carriers. Before buying the policy, do your research by speaking to a sales rep, request for a copy of the policy and go through it thoroughly, ensure it offers all the protection you need.

When in doubt about a particular emergency, ask a rep to show you in plain language that the policy covers it. It is awful when an emergency spoils a trip, finding out that your loss isn’t covered is akin to adding insult to injury.