Travel Team | Jan 11, 2018
As we dive into the different types of travel insurance, keep in mind all of the various types of insurance you have and what the purpose of that insurance is.
If you're an adult, chances are, you pay for at least a couple of these forms of insurance. And why is that? Well, for starters, many of them are required by the U.S. government and mortgage lenders, but also, because somewhere along the line, you were convinced you needed it to protect you from unknown events that could adversely affect you.
Depending on who you ask, some will say it's a necessity, but the general population in the United States sees travel insurance as a luxury for travelers who can afford it and not something for the average traveler.
All travelers need to be mindful of the risks they could face by taking a trip. Just as there are risks associated with owning a home, driving a car, or even being alive in general, traveling has its own unique risks. We're here to help mitigate those risks while you're exploring the world.
Here's a breakdown of the major types of travel insurance plans. Use this list to compare travel insurance options and find what works best for you.
With a trip protection plan, you can be protected if you need to cancel, delay, or interrupt your trip for a list of covered reasons such as illness or injury. You can be reimbursed for your non-refundable, prepaid trip costs, as well as unused costs and transportation costs if you need to return home early.
In addition, trip protection plans can help you replace the cost of lost, stolen, or damaged luggage, as well as rental fees for specific types of sports equipment, like skis or golf clubs.
Additionally, many plans offer medical coverage for injuries or illnesses that arise while you're traveling, as well as travel services such as 24/7 multilingual traveler assistance.
Different plans offer different levels of coverage, so be sure to review your options and choose a plan that offers the right protection for your needs.
The Inbound visitor insurance plans at Seven Corners have been some of the most popular travel insurance plans purchased by consumers. Millions of people who travel to the USA trust Seven Corners to provide excellent coverage for an affordable cost. Inbound USA is a scheduled benefit plan, which means it pays a set amount for each type of medical service or treatment you receive.
If you're looking for broader coverage, you may wish to consider Explore North America. It provides comprehensive protection for visits to the USA, Canada, Mexico, and a list of Caribbean countries.
Travel medical plans are just what they sound like. They provide medical coverage for people traveling abroad. This is important because many health insurance plans don't cover you when you travel internationally, which means you could have to pay the cost if you get sick or injured on your trip.
Also, if appropriate medical care is not available at your location, you may need to be medically evacuated to an area with appropriate care. A travel medical plan will cover the expense of an emergency medical evacuation, and it also comes with a knowledgeable travel assistance team that will arrange the evacuation for you. Without this coverage, you could pay up to $500,000, depending on your situation.
A travel medical plan can cover doctor and hospital fees, emergency transportation, accidental death, and more. As with any type of travel insurance, different plans offer different levels of coverage.
Deductibles, medical maximum options, coinsurance options, and other aspects of the plan can also vary widely, so do your homework and purchase a policy that covers all your bases.
A student travel insurance plan is ideal for anyone studying, teaching, or doing research abroad. In many cases, it's required by your educational institution to participate in the program.
With a student travel policy, you can get coverage for medical expenses, emergency transportation, maternity services, emergency evacuation, and much more. If you're considering studying or teaching abroad, student travel insurance is definitely worth it.
Example: If you're 23 and plan to study in Italy for your spring semester and opt for worldwide coverage that excludes the USA, a Liaison Student Basic plan with a $0 deductible and $50,000 plan maximum would cost less than $50 per month. Rates vary depending on custom plans selections.