• International Insurance Blog

  • Sunday, December 17, 2017

A recent survey conducted by Ipsos Public Affairs has found that despite the economy and concerns about the H1N1 virus, more than 60% of Americans say they will take a holiday trip this year. Unfortunately, many of those surveyed, especially in the 18-35 demographic, might consider international travel health insurance as unnecessary.

The survey, however, throws up some good news. About 58% of people surveyed said they will not change their holiday plans because of the economy. The survey also indicates that those who will change their plans because of the economy will still be taking a trip, which means that they will probably just downscale a bit.

It is important for people not to forget travel insurance if traveling abroad. While it might seem like a luxury, it really is not. If you fall ill when abroad, it will burn a huge hole in your pocket. International flight insurance will cost a bit extra and it might be worthwhile to buy the two together.

As with any insurance, international travel health insurance can be bought at great deals online. Compare prices and read the fine print about coverage before deciding on a plan.And remember to enjoy your holiday!
A typical international travel insurance plan may not meet the needs of a person who travels for specific needs—for example, missionary work, or as part of marine crew. Missionary insurance and yacht crew insurance will serve the purposes of these special types of travelers.

Yacht crew insurance and marine crew insurance plans such as Global Navigator contain special caveats and benefits, including 100% insurance payment outside the United States, 80% in network in the United States, and 60% outside the network within the United States.

Yacht crew insurance usually requires medical approval, and the minimum plan period is usually six months. While regular international travel insurance usually does not cover medical expenses related to mental, emotional, or functional nervous disorders, yacht crew insurance covers some or all of these situations, up to a maximum of 100%. Treatment related to alcohol or drug abuse is also covered.

Some yacht crew insurance plans cover maternity, after one year of continuous coverage. It is important to compare prices and benefits before choosing a marine crew insurance plan that suits your particular needs.
The economy seems to be on its way to revival, but the signs of recession are still quite visible. One of the most obvious signs is the decrease in travel worldwide. Needless to say, there has also been a negative trend in international travel health insurance .

However, eliminating international travel health insurance can be the single most disastrous decision of your trip, and you will kick yourself for not purchasing insurance if something does go wrong. International travel does not have to be expensive.

Insurance for international travel typically costs between 7% to 8% of the cost of the trip, and there are several ways to save that money on your trip. Travel on a non-peak day—flight tickets are much cheaper, and can save you up to 10% of the ticket cost. For accommodation, try Couchsurfing, a concept where locals provide a couch in their home for free. Purchasing a flight, hotel, and rental car package can also save you some dough. For gifts, buy souvenirs that are unique to you, not necessarily bestsellers of the place.

So, you see, there is really no reason to skip that international travel insurance! You might even save some money in the bargain.
According to a recent study, one in three Britons impulsively try out risky and adventurous activities such as bungee jumping and white water rafting when traveling abroad. If the decision to participate in an extreme sport was impulsive, the traveler probably did not purchase additional hazardous sports coverage as part of their international travel health insurance plan.

So when should you purchase the plan? After all, a vacation makes you do crazy things! The first thing to do is to take an honest look at yourself. If you are the adventurous type, or have enjoying doing something like this in the past, look at the possibility of adding the rider to your international travel insurance.

Also consider your destination: If you think you’ll spend a lot of time doing cultural activities such as visiting museums, you might not need the extra insurance. If you’re going to be busy meeting clients all week long, and your idea of unwinding is an HBO movie with a can of beer, you don’t need the extra insurance.

If you decide to purchase the extra cover in your international travel insurance, find out what it covers and what it does not. Ask any number of questions if you have doubts about insurance coverage.

Question: I’m planning a really short trip to England, and don’t expect to do anything stressful. Should I disclose my nagging back pain on my international medical insurance application form? Will it increase my premium?

Answer: Filling out medical insurance forms can be overwhelming. While you don’t want to write about every little muscle pull and toothache that you have suffered in your life, you must never wilfully give incorrect information. Even if the insurance is for a short time, such as international medical insurance , be truthful in your application form.

Withholding information may lead to cancellation of your policy. Also, if a related problem crops up, or the undisclosed problem is detected when treating another medical condition, your international travel medical insurance is of no use. You will be hard-pressed to find insurance in a foreign land.

As for your travel insurance premium, that will usually not be affected. However, the conditions that you disclose will probably be excluded from coverage. Remember that your application is not the only way previously existing conditions can be detected. Medical records and your own body can give tell-tale signs of conditions. It’s better to be safe and disclose all the information that you have, before buying your international medical insurance. Bon Voyage!

You don’t want to carry baggage into a relationship, but you certainly want all your baggage on that trip to France! Especially that Louis Vitton bag! International travel insurance may not cover the true cost of your baggage. Do you need baggage insurance?

The answer depends. If you have a homeowner’s insurance policy, the loss of your baggage abroad may be covered. Check your home insurance policy. Also, unless you have something really valuable in those bags, you may be satisfied with the standard-issue insurance provided by your travel and/or your airline insurance. Remember that the airline baggage insurance ceases with the luggage carousel.

If you’re carrying a laptop for official purposes, your homeowner’s insurance will not pay for its loss. And consider the value of these common items whose value we sometimes tend to ignore: digital camera, laptop, mp3 player, mobile phone, designer clothes and luggage. If you think your luggage warrants it, purchase extra luggage insurance as part of your international insurance to enjoy your vacation a bit more.

Also consider your destination. Not all countries are alike, and if the crime rate and efficiency of the destination is questionable, it might be a better idea to be covered than discovered!

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