Travel Insurance Coverage Explained

What is Travel Insurance?

Travel insurance is insurance coverage designed specifically to protect travelers and their trips whether they’re traveling domestically or internationally. Without travel insurance people traveling abroad are left without medical coverage. Their domestic healthcare will not cover them outside of their country. This is why travel medical insurance is so important, especially for visitors to countries like the United States where healthcare costs are quite high. Another important benefit is that travel insurance can protect the financial investment of the trip itself. If you have to cancel your trip, your flight is delayed or you experience other travel mishaps, you can be compensated for associated costs.

Two Types of Travel Insurance Coverage

Travel Medical Insurance
Typically used to provide coverage for your international trips.

Travel medical insurance (also known as just travel insurance or visitors insurance) is designed to protect people from unforeseen illnesses and injuries that may occur while traveling abroad. A travel medical insurance policy will cover eligible treatment and services as stated in the policy documents. This is especially useful for people traveling internationally. Travel medical policies include benefits for medical expenses such as doctor or hospital visits, medical evacuation and repatriation.

Trip Insurance
Typically used to cover your trip cancellation, flight cancellation cost.

Trip insurance can cover the financial investment of an international or domestic trip. If you are forced to cancel a trip, miss a flight connection or are otherwise unable to continue with your plans, trip insurance can reimburse you for a percentage of prepaid trip costs up to the limits of your policy. Sites like VisitorsCoverage let you research, compare and purchase the best trip insurance plans on the market.

Travel Insurance Cost.

Travel medical insurance is generally more expensive than trip insurance. But you can think of it like this: While trip insurance protects the trip, travel medical insurance protects the traveler. Like trip insurance, travel medical insurance costs can vary depending on the benefits and coverage duration.

Travel health insurance can help you get immediate access to things like telehealth, 24-hour assistance, emergency medical evacuation, hospitalization and medical care related to Covid or any other illness or injury incurred after the policy effective date and care for acute onset of pre-existing conditions. But travel medical insurance can also save you from facing crushing medical debt. Paying $300 up front for a travel medical policy might save you $30,000 in medical expenses. In the era of Covid, travel insurance just makes sense.

Covid-19 Coverage under Travel Insurance.

Travel medical insurance and trip insurance will both offer some Covid-related coverage and benefits if the incidents occur after the policy effective date. Travel medical insurance covers a policyholder for medical treatment and services if Covid was contracted after the policy effective date. On the other hand, trip insurance covers a policyholder’s non-refundable financial investments if the policyholder needs to cancel their trip due to contracting Covid. During the trip, if Covid is contracted, the trip insurance policy can also cover for medical treatment and services.

The Best Travel Insurance for Family Members visiting the US.

For families visiting the U.S. and looking for a comprehensive travel medical insurance plan, CoverAmerica-Gold is a great option. Here’s a look at the coverage benefits:

  • COVID-19 Coverage
  • After the deductible, the plan pays 100% of eligible medical expenses within the PPO network; outside the PPO network, the plan pays 80% of eligible medical expenses up to $5,000, then 100% thereafter.
  • Acute Onset of Pre-Existing Condition Coverage
  • Emergency Medical Evacuation
  • Urgent Care Visits
  • Public Health Emergency Screening (COVID-19 Test Benefit) if at least 30 days of initial coverage is purchased prior to departing the home country
  • Quarantine Indemnity
  • Telehealth Services
  • Influenza (flu) shot
  • No Cancellation Fee
  • No Extension Fee

How to Buy the Best Travel Insurance?

With so many travel insurance plans on the market it can be a challenge to know which one’s right for you. That’s why it’s so important to research your options. Leading travel insurance marketplace and our trusted provider offer all the tools and resources you need to make informed decisions about your travel safety options. You can compare plans side by side, confirm eligibility requirements, get quotes, and ultimately buy a suitable travel insurance policy in minutes.

Have Questions or Need Assistance?

If you have any questions or need assistance regarding your travel safety solutions, our licensed insurance experts are on hand to help.

Travel insurance has always been important for travelers, but in light of the pandemic many more travelers are aware of just how essential travel insurance can be. At VisitorsCoverage, a global travel insurance marketplace and Exceed’s preferred provider, you can find, compare and select travel insurance coverage in minutes.

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