Is Travel Medical Insurance Necessary? | Key Insurance Quotes

Learn the importance of a travel insurance and know which one is best for your travel needs

When travelling, whether it?s for business or for pleasure, we definitely want to have the least worries and feel as safe and secure as possible. Insurance companies have that in mind, thus, they offer different kinds of travel insurance plans to suit the needs of different travellers. The good thing about a travel insurance plan is that it not only covers possible financial loss due to changes in travel date or trip cancellation, but also medical-related costs should you need it abroad.

What Kinds Of Travel Insurance Are Available?

For those who have an existing insurance policy at home which does not include medical coverage abroad, an Emergency Travel Medical Insurance is the most appropriate plan to purchase.

Those without any medical insurance at all would need a comprehensive type of travel insurance. This would be most useful for those who have just moved in to another country or those who have just quit their jobs.

In case you need medical care while on a trip abroad or if you get caught in an emergency medical situation sometime during your trip, there is a specific travel medical insurance that will cover the costs for such. The moment you get home, you will be back under the coverage of your standard health insurance Most travel insurance policies available provides coverage only for a specific number of days, usually around thirty days, or even less than that. Checking the amount and extent of coverage that your existing policy offers is highly suggested before you decide on purchasing a travel medical insurance.

If, during your travel, you unfortunately become badly injured or severely ill, and would need an air ambulance, physician, and a nurse during your travel, the Medical Evacuation (medevac) insurance will take care of the expenses. This will enable you travel back to your home country or to a hospital if it?s not possible for you to do that in your current location. However, not all activities are included in the medevac insurance coverage as the services offered with this kind of insurance can really be very costly. Also, majority of those who get injuries while travelling abroad do not necessarily need medevac since they are still capable of boarding a commercial flight and making it back to their home country.

Another type of insurance is the Trip cancellation and interruption insurance which covers costs resulting from cancellation or having to cut it short due to serious reasons. Such reasons could be health related.

In the event that you find yourself being financially on the losing end due to the travel service provider going out of business, there is also a kind of travel insurance that will cover your potential financial loss. You have to ask about it in detail from your agent.

After knowing the different types of insurance, you might begin to ask when the right time is for purchasing one. It would be most ideal to get the insurance at the time that you book your tickets. If you need assistance in determining which type would be most appropriate for your needs, seek the advice of the travel agent or your insurance agent. You may also inquire from specialists should you be interested in knowing more about the medical evacuation insurance.

Flickr photo credit: caribb

Source: http://www.keyinsurancequotes.com/topics/show/55458

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