I really need travel insurance, is my regular health insurance not enough?

health insurance

In most cases your health insurance is only limited to the country it was purchased in and is no longer valid when you leave the country. There are few exceptions, though. If you come from a country, which is a part of European Union or you are from either Iceland, Lichtenstein, Norway or Switzerland and you plan to travel to any of the aforementioned countries you can always apply for European Health Insurance Card, which allows you to use for free medical emergency services in a foreign country, even if you do not have the travel insurance. The medical help, however, is only limited to basic medical assistance and emergency services and does not cover any additional travel costs. Also the card has limited validation period. If you want to travel to other foreign countries without any insurance you might receive medical emergency services in those countries, where access to medical care is free of charge for all citizens, but since these obligations usually say nothing about serving foreigners you might as well be denied medical care. Only travel insurance gives you 100% guarantee that you will receive medical help and assistance in a foreign country.

What is a premium insurance?

Premium is the payment you need to provide to purchase or renew the policy. Premium payments are usually made periodically and their actual price depends on various different factors.

What is an excess fee?

Excess fee is the amount of money required by your insurance company to initiate the claim for reimbursement process. In some cases excess fee can be higher than premium fee, therefore you should always check their actual price before purchasing any policy.

How much do I have to pay for a travel insurance?

The actual cost of travel insurance is usually based on the cost of the entire trip and it goes from 4 up to 8% of the total cost of the trip. However, you can expect higher premiums if you are 65 or older, if you wish to spend time practicing extreme sports, have recurring medical condition or you plan to purchase policy with special trip cancellation features.

Can I return the policy if I don’t like it?

Yes, almost every type of travel insurance policy guarantees the “Free Look Period” during which you can test all of the options prepared for you as a part of the policy and you can return the policy in appointed time period (usually within 10 to 14 days from the purchase) without disclosing the actual reason. You should also receive complete reimbursement for all provided premiums.

What is the “cancel for any reason” option and how does it work?

“Cancel for any reason” option is a convenient solution for any traveler, who predicts that he or she might want to cancel the trip and would rather not disclose the reason nor provide any formal explanation. It is a very useful option if you look for a safe and reliable compensation for pre-paid and non-refundable costs of a trip you wish to cancel or postpone. The amount of money you will receive back if you decide to cancel the trip for any reason often depends on how close you are to the departure date (the further the better, as you can expect to receive higher reimbursement).

Are natural disasters such as hurricanes and volcano eruptions covered by travel insurance policies?

Usually yes, although you should always check the details of what is covered and what is not in the proper paragraphs within the policy. In some cases the insurance company might be reluctant to provide the reimbursement when there are other ways to claim it – through airlines, tour operator or travel agency responsible for your trip (especially if your flight / trip was cancelled due to the natural disaster). In order to increase your chances of receiving the reimbursement buy the insurance right after you have paid for your trip and ask for full trip cost insurance.

What is the exact definition of a pre-existing medical condition?

The term pre-existing  medical condition refers to any medical condition, which was diagnosed and / or treated before the purchase of the insurance policy. The exact definition applied by insurer is always provided in the policy, so if you have any doubts whether your condition meets these requirements check the definition as it is stipulated in the policy.

Are pre-existing medical conditions covered by travel insurance policies?

Yes and no. You will receive cover only for pre-existing medical conditions, which you have yourself declared before purchasing the policy. Medical screening is the standard procedure used to recognize and evaluate the severity of your medical condition and this information is used to establish the exact cost of the policy. However, some pre-existing medical conditions are sometimes excluded from coverage and on the list of such exclusions we can often find some types of infectious diseases, certain types of cancer etc. The exact list of covered and not covered diseases should be always provided by the insurer, check the list and ask about it personally if you have any doubts. Remember that not only diseases, but often also pregnancy is considered a condition, which is liable to coverage or lack of thereof. Traveling when you have reached a certain point in your pregnancy period is considered an exclusion from the policy and is not covered, so be sure that you checked if you are still covered before you start your trip.

Can I get a cover if my travel agency goes out of business?

Depends on the type of policy you have purchased. Check if the policy covers for airlines / travel agency failure. Since this is a common problem if your standard policy does not cover for airlines / travel agencies going bankrupt, it is highly recommended to ask about additional cover and pay more for it to ensure that unreliable travel agency / airlines will not ruin your holidays.

Are winter sports / water sports covered by the most popular travel insurance policies?

Winter sports / water sports and other types of extreme sports are usually a subject to additional coverage for which you need to pay more. When buying the policy with extreme sports coverage always check if there is any limit on these sport activities. If possible choose the unlimited option, especially if you plan to engage in these sort of activities regularly.

If during my stay in one country I plan to make short 1-2 day excursions abroad will I be covered?

Usually yes, but this also needs to be checked with your insurance company for more details. The common problems you might experience here is the limit on the duration of the excursion and more importantly – exclusions for some of the destination points (some of the countries you plan to visit might not be included on the insurer’s list of covered countries). One way to deal with the problem is to buy annual policy valid for all countries on the insurer’s list – then at least you can travel between these countries and stay in one or more of them for as long as you wish.I have purchased a group policy.

Does it also cover me when I travel alone?

Some companies allow single voyagers to travel on a group policy, which lists them as members of the insured group, however most of insurers see these two situations as subject to two completely different types of policies. Contacting your insurance company is a must to alleviate any doubt in this matter.

Any recommend when buying travel insurance?

In the first place stale, get it. Excessively numerous things can travel wrong, particularly in today’s political/financial atmosphere. The sum you need will travel every which way relying upon what you require. I’ve generally prescribed at most reduced cancelation protection to my customers when they booked packages. Check with your credit card companies and homeowners…

Purchase your Travel Insurance Coverage from an insurance company that is not affiliated with your travel provider. Along these lines, in the event that you lose your excursion because of cancelation or liquidation of the travel organization, you will in any case have the capacity to get a discount.

On the off chance that you have youngsters you ought to investigate protection for your outing. Youngsters may become ill, break bones, and so on and you will need to have security.

Ensure that you have perused the fine print on any arrangement before you sign. Each arrangement has diverse avoidances and confinements and you should know about them. On the off chance that any of the rejections concern you, you might need to search for another protection supplier or approach. If you want to have a peace of mind while you travel free from worry about illness, lost luggage, and so on, you should definitely look into insuring your trip.

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