Travel

Package Plans

Package plans are popular among travelers because they bring several types of coverage together into one policy.

Package plans typically include:

• Medical coverage
• Emergency evacuation/repatriation of remains
• Accidental death and dismemberment coverage
• Last-minute trip cancellation (due to illness, inclement weather, etc.)
• Delayed or lost baggage insurance (including reimbursement for the replacement of essentials)
• Flight delay/cancellation insurance (If your travel plans are delayed for several hours, the insurance company will cover hotel accommodations and meals while you wait, and make new travel arrangements on your behalf)
• Trip interruption coverage (If inclement weather, illness, or injury cuts your trip short, you ll be reimbursed for the unused portion of your trip)
• Replacement of travel documents, belongings and money that is lost or stolen
• Legal assistance
• 24-hour concierge service (to help you find medical care, change travel plans, etc.)

Package plans are typically purchased by:

• Those traveling abroad
• Purchasers of vacation packages (where large, non-refundable pre-payments are required)
• People going on a cruise (due to both the large, non-refundable pre-payments and the distance from medical care)
• Business travelers
• Senior travelers

Travel Medical Plans

Travel medical plans provide emergency assistance, medical coverage and emergency evacuation for those traveling abroad. In fact, these plans can be purchased for years for those who will be travelling abroad for extended periods of time.

Travel medical plans are typically purchased by:

• Students
• Expatriates
• Businessmen
• Individuals who will be traveling outside of their country and the reach of their health insurance

Other Travel Insurance Options to Consider:

Annual – If you travel several times throughout the year, it may be cheaper to purchase annual insurance rather than a separate policy for each trip. This insurance typically includes medical coverage, emergency evacuation, baggage loss, and accidental death and dismemberment coverage. It does not usually include trip cancellation coverage, though it may be possible to add it.

Student – If you are a student with plans to travel abroad, look into student insurance for travelers. Policies can be purchased for both short trips and extended stays (up to four years) and are tailored to meet student visa requirements.

Business – If you take frequent trips for work, consider business travel insurance. It can be purchased for a single trip or on an annual basis. Coverage extends beyond the normal  insurance limits to include reimbursement for canceled conferences and trade shows and reimbursement for lost or stolen laptops, exhibits, cell phones and other work-related items.

Do You Need It?

This type of insurance may seem like an extra until you consider the problems that could arise while you re traveling. Consider these examples: