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How to Choose the Right Travel Insurance

Traveling remains to be a popular activity among couples and families worldwide. International tourist arrivals experienced growth from 528 million in 2005 to 1.09 billion in 2013, according to Statista. This figure is foreseen to further increase to 1.8 billion by 2030.

Of all areas around the world, Europe records the highest international tourist arrivals. It also produces the most number of travelers with 566 million outbound tourists in 2013 alone. The Asia Pacific region ranks second as the largest tourist origin.

travel insurance

As traveling to other places and countries continue unabated, the need for a travel insurance becomes highly important. This is not to be disregarded as the risk of land, air and sea tragedies remains among tourists wherever they go.

How to Obtain a Travel Insurance

A travel insurance can easily and conveniently be obtained online these days. Most airlines and shipping lines offer coverage for each flight although they can be expensive hence, it’s always best to buy your own insurance that provide wider coverage during your travel. You can also use insurance comparison websites to find the best policy at a price fit for your budget.

“Keep in mind that a travel insurance serves as more than just your medical protection as it can also pay for your personal things that might get stolen, cover for you when your flight or hotel accommodation gets cancelled or when a loved one meets an accident or dies and you need to go home immediately,” according to Arizona attorney Ben Wright, a personal injury lawyer.

This type of insurance does not cost much hence, there’s no reason why you should you not get one if you’re traveling soon. It is very helpful in times of emergencies.

What to Look For

Foremost to consider when shopping for a travel insurance is a high limit for coverage on your medical expenses. An average coverage care from a trusted company would be a maximum of $100,000 but you can always choose a higher limit by paying a higher premium if you want. The benefit of opting for high coverage limits is you can be sure that should you get injured or sick during your holiday, you won’t have to worry about your high hospital bills.

Do remember, though, that the medical portion of your travel insurance mostly covers emergency and therefore, should not be misconstrued as a replacement for your usual health care. Simply put, it is a type of accident insurance.

Apart from the medical aspect, another thing you need to make sure that your policy covers is emergency evacuation and care. This is particularly important for people who love to go on a nature adventure such as hiking. This will also be helpful in case of a natural disaster and you need to be evacuated to safer grounds or to your home country if you’re traveling abroad. A coverage of up to $300,000 would suffice.

Be particular as well about areas covered by your policy. If possible, go for one with worldwide coverage. Prices normally vary depending on the country you’re visiting. However if worldwide coverage is not available, you can always opt to get coverage for your specific country.

Buying a travel insurance is possible any time. You can purchase one every time you take a trip (single trip) or you can also buy an annual multi-trip insurance policy. Frequent travelers particularly those heading to far destinations can benefit from the second option and it is also cheaper for them.

The most important thing to remember is to always buy your policy ahead of time so you are protected during your entire travel.