Types of Travel Insurance

Whether you're traveling for business or going on a fun vacation, there's always a chance that an accident could happen, the airline might lose your luggage, or someone could steal a valuable item from you. By purchasing the right kind of travel insurance, you'll have peace of mind by knowing you're properly covered in the event of a problem. It's important to choose the right kind of travel insurance so you don't spend more money than you need to.

Comprehensive Travel Insurance

This is one of the most popular types of travel insurance. It is also the only type that will cover you if your trip is cancelled. Comprehensive travel insurance is good for people going on cruises, traveling to a foreign country, and people going on a trip with their family. It is also a good insurance to purchase if you are worried your trip could be cancelled.

Comprehensive travel insurance covers the following: medical emergencies, a need for evacuation, lost baggage, and stolen items. Depending on the insurance provider, other things will be covered, as well.

Medical Travel Insurance

This type of insurance will provide coverage if you have a medical emergency in another country. If you have an accident and are in need of medical attention, travel health insurance will help pay your expensive medical bills. Also, this type of insurance will provide coverage in the event you need to evacuate.

If you are traveling abroad for business reasons, or if you want to take a trip with the family to an overseas destination, then travel medical insurance is good to have. People who are working or studying abroad for a period of time can also benefit from this insurance.

Medevac Insurance

Medevac (short for medical evacuation) is a type of travel insurance that will cover you in the event you need to be evacuated for medical reasons. It is also used for international security evacuations. Medevac insurance pays the bills when you have to be evacuated to a hospital or sent to your home country for medical reasons.

People who are vacationing in another country or taking a cruise can benefit from evacuation insurance.

Travel Accident Insurance

This type of travel insurance will provide term life benefits for people who travel a lot. It also provides international accident coverage when you travel. By purchasing travel accident insurance, you'll have the coverage you need in case of a serious accident or if you die while overseas. People who want life insurance while they are traveling should consider this type of travel insurance.

Annual Travel Insurance

Annual travel insurance allows people to have special coverage for an entire year. This means that you'll have the general coverage you need during the entire year no matter how many international trips you take. People who travel very frequently can benefit from this type of insurance.

Travel insurance is always good to have just in case a problem occurs. There are many types of travel insurance, and you should decide which type fits your unique situation.