Traveling somewhere? Are you covered??
‘Go places with complete peace of mind with travel insurance’.
Table of Content
A. Introduction
B. Types of travel insurance in the United States
- Single Trip Travel Insurance Policy
- Multi-Trip Travel Insurance Policy
- Educational Travel Insurance Policy
- Group Travel Policy
- Customized Travel Insurance Policy
C. Importance of Travel Insurance in the United States
1. Loss of Baggage, Documents and Passport
2. Accident and Sickness Coverage
3. Delay or Cancellation of Flights
4. Medical Emergencies
5. Theft Charges
D. Best Travel Insurance for the United States to Opt for
- Allianz Travel Insurance
- Travelex Insurance Service
- World Nomads Travel Insurance
- AIG Travel
- Seven Corners
E. Conclusion
Image source- Envato.Com .
Introduction
Travel insurance, as the name goes, is a type of insurance that cloaks the losses and costs relating to travel. It is more like a general insurance policy for travelers to protect them against the risks while traveling domestic or international. The insurance includes baggage loss, trip cancellation, medical expenses and other losses associated with traveling.
Travel insurance for the United States should be one of the major considerations while traveling. As it is the most visited destination across the world. The United States comprises a vast expanse of the North American Continent, housing varied cultures, landscapes and experiences that attract numerous tourists throughout the year.
The USA does not lack a diverse destination, ranging from iconic global landmarks to priceless historical monuments. Thus, it is on almost every travel bucket list and securing this amazing journey with insurance is a must.
Some of the losses and costs that travel insurance for the United States includes are:
- Burglary of personal belongings
- Baggage losses
- Passport losses
- Delay or cancellation of trips
- Accidents and medical emergencies
- The sudden death of the person insured
- Impairment of the person insured
- Hijacks and kidnapping
- Urgent evacuation
- Failure to board connecting or departing flights
- Bounced hotel or flight bookings
Though these are the basic things that a travel insurance policy covers it is always to be on the safer side by ensuring that all these costs or losses are included in the policy. At times, there may be coverage that includes more risks than the ones mentioned here. With an added premium amount, there are insurance plans that offer additional risk coverage. Whereas some are specific to a certain destination or a certain type of traveler alone. So, whenever you are traveling abroad ensure you are well versed with the criteria of the insurance plan you have opted for.
Types of travel insurance in the United States
Domestic travel insurance plans and international travel insurance policies are the two primary categories under which travel insurance policies fall. The majority of the time, when a trip is being booked, insurance firms offer travel insurance coverage for a single trip. But, there are plans available that cover several trips too. Typically, the agencies that provide trip packages are the ones that provide such coverage.
Here are the different categories of travel insurance to the United States:
- Single Trip Travel Insurance Policy – This is one-time insurance coverage that comprises only a single trip for an individual.
- Multi-Trip Travel Insurance Policy – People who travel frequently have to get a budget-friendly travel insurance plan. It protects them for several journeys to certain locations over an extended period, maybe for a year. Businesspeople and other regular travelers will find this beneficial.
- Educational Travel Insurance Policy – This form of travel insurance policy might be beneficial for students who travel for educational purposes, particularly those who go overseas. The length of the journey is typically constrained, for example, to a maximum of 30 or 45 days.
- Group Travel Policy – This travel policy is effective when there are many traveling at the same time. But the policy has a maximum limit on the number of people the policy covers. When groups are picked up from multiple locations/nations for vacations and tours insurance companies typically provide such deals. It is a cost-effective policy while traveling in groups depending on the age of the individuals in the group.
- Educational Travel Insurance Policy – This form of travel insurance policy might be beneficial for students who travel for educational purposes, particularly those who go overseas. The length of the journey is typically constrained, for example, to a maximum of 30 or 45 days.
- Group Travel Policy – This travel policy is effective when there are many traveling at the same time. But the policy has a maximum limit on the number of people the policy covers. When groups are picked up from multiple locations/nations for vacations and tours insurance companies typically provide such deals. It is a cost-effective policy while traveling in groups depending on the age of the individuals in the group.
- Customized Travel Insurance Policy – In addition to this, insurance providers may offer personalized coverage designed especially for families or older persons. This plan can also include a Medical Travel Insurance Policy, which offers significant medical expenses and benefits for corporates and businesspeople.
Image source- Envato.Com .
Importance of travel insurance in the United States
Most of us travel overseas but do we always go for Travel Insurance? We frequently ask ourselves questions like whether or not we need travel insurance, or are the costs associated with them worthwhile, and why we should get travel insurance in the first place?
Well, a simple answer to these queries is “life is full of uncertainty”. You can run into certain dangers when you travel with your family or alone. These dangers could be with your vital documents, baggage, or health. Therefore, to guarantee a hassle-free trip, it is imperative to address all potential dangers before leaving. A sound travel insurance strategy can reduce your financial risks and support you in an unfamiliar foreign country. Below are the reasons why you require Travel insurance to the United States:
- Loss of baggage, documents and passport
You can probably not imagine an unfortunate circumstance while traveling. However, if you have travel insurance, assistance is at hand. Your insurance will cover the cost of getting a new or duplicate passport if one is lost. If your luggage is delayed, you will be paid for any personal items you may have had to purchase in the interim. If your possessions go missing, you will be compensated for your loss up to an authorized amount. While you wait for your luggage to arrive, this might be a tremendous help.
- Accident and sickness coverage
Falling ill on a vacation is something that no one wants to experience but there are chances of undergoing physical injury or having medical complications anytime and anywhere. This is when the travel insurance ensures that the insured person gets the required medical help, especially in emergencies. Whether you are being admitted to a hospital or have a family member flown to you for help, travel insurance includes all of it. It even covers dental checkups as many people tend to dwell on sweet things in a new place. There are also chances of opting for cashless hospitalization with these policies.
- Delay or cancellation of flights
These days, flight delays or cancellations are a typical problem. It can be the airline’s run down, a natural calamity, or a personal issue. According to the policy, you will be compensated with a given set amount. In case a last-minute illness or a death in the family might scuttle your preparations and you have to change your trip schedule. What do you think would happen to the money you used to make your hotel and flight reservations? Is it thrown away? No, your insurance will pay you back for any unused hotel and travel expenses. Your travel insurance will pay for additional costs in the event of a delayed flight, a last-minute hotel stay or meals too.
- Medical emergencies
You don’t have to worry about the costs if a medical condition necessitates where you are taken from the scene of the incident to the closest hospital. Your travel insurance will also cover any costs if you have already been admitted to the hospital and need to be transported back to your home country for additional medical care or to be with family.
- Theft Charges
If you are to lose your debit or credit card while you are on vacation and get to know that it has been used. How scary would it be, huh? Not only are you losing money, but you are in a place where getting help could be difficult. But it wouldn’t be a concern if you have travel insurance. Up to 12 hours before you report the occurrence for the first time, your insurance will repay you the money you lost due to stolen credit or debit cards.
Best travel insurance in the United States to opt for
Check out some of the best travel insurance companies and their methodology given below:
Image source- Forbes.Com .
This firm provides about 10 insurance plans to select from intended to match the different requirements of the travelers. It offers single trip coverage plans as well as annual insurance plans for those who travel frequently and want to avoid purchasing one each time.
Image source- Owler.Com .
Travelex provides two insurance plans – the Travel select and Travel Basic; the firm also offers a distinct Travel America plan and customized policies with required add-ons. The policies might also include adventure sports, car rental and additional medical coverage.
Image source- Forbes.Com .
3. World Nomads Travel Insurance
This company deals with bespoke insurance plans that differ in terms of price and coverage on the bases of the requirements. Its policy provisions are extensive, and unlike other travel insurance providers, its coverage includes adventure sports, including skiing, mountain biking, bungee jumping, and scuba diving.
Image source- Outlookindia.Com .
4. AIG Travel
This firm provides three types of policies – the Annual Plan for all the trips year-round, the Pack N’ Go Plan for the eleventh-hour trips and the Single-Trip Plans. The Single Trip plans are further divided into Preferred, Deluxe and Essential coverage that depends on the cost of the tour and the payback one wants to be guaranteed.
Image source- Toptenreviews.Com .
5.Seven Corners
Though this firm offers plans for US residents, it also includes medical coverage for travelers, students, and groups as well as annual plans for frequent tourists.
Conclusion
You may think that it is a waste of money to pay the premium for travel insurance when you are not going to claim it. But what if the worst happens, you might save thousands of dollars. You must determine whether the extra expense of travel insurance is worthwhile for you, but for many people, the peace of mind they receive makes the cost more than rewarding.
Make sure to calculate the amount spent on the vacation before you get travel insurance. You can then determine if the expense of purchasing travel insurance is justified. If you are taking a long-distance flight and spending a lot of money on a fantasy vacation then you undoubtedly need the protection that travel insurance provides.
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