Long-term insurance is ideal if you plan to travel abroad more than one month. This includes backpackers and digital Nomads. The policy can last up to 18-months. Many companies also offer optional coverage for watersports and adventurous activities.
When buying long-term travel insurance, it's important to read the fine print carefully so you know exactly what your policy will and won't cover. When applying for insurance, disclose any pre-existing conditions you may have.
You can also opt for cancel-for-any-reason (CFAR) coverage, which will reimburse you a percentage of your trip costs if you have to cancel your trip due to an approved reason such as an illness or death in the family. This can be purchased either as a standalone product or as an add-on to a comprehensive insurance policy.
If you have a chronic illness or an injury, it's best to purchase a policy that offers emergency medical and evacuation coverage. This will pay for the cost of transporting you to a hospital or home if you become ill or injured while traveling.
Some companies will reimburse you for any changes to your itinerary that result from a delay. For example, if you have missed a flight connection or are waiting for one that is delayed. These types of insurance can be very useful for travelers who frequently change their schedules.
If you want to be sure that you're not paying for emergency expenses out of your own pocket, it's best to purchase a policy which has a lower deductible. Some policies do have a large deductible. This is why you should shop around to get the best deal.
If you're looking to purchase a travel medical insurance policy, make sure to choose a provider with a good reputation and a high standard of customer care. It will help you feel confident about your decision, and you'll be able get the treatment you need in an emergency.
Allianz is the leader in the industry and has been for over 55 year. This is due to the financial strength that Allianz SE, its parent company, possesses. It's the trusted name when it comes to travel health coverage, which provides worldwide coverage for millions each year.
Travel medical insurance is often purchased to protect against the possibility of being injured or sick while abroad, or to prevent expensive medical bills. A 24-hour hotline is often included in this coverage, so you can contact a doctor and/or lawyer if needed.
The policy may include additional benefits such as emergency treatment and coverage for return of mortal remains. If you're unsure about the kind of benefits you need, it's best to talk to a specialist travel health insurance broker who can guide you through the process and recommend an appropriate policy for your needs.