Thursday, June 6, 2013

Basic Coverage Must-Haves of Single Trip Travel Insurance Plans

Single trip travel insurance is an economical choice for those who don't travel regularly but still want to stay protected on those rare occasions where they do need to travel. The problem, however, is that not all these plans are the same. What's the use of getting a policy if it won't cover you when you really need it to?
So without further ado, here are the four essential fields your single trip travel insurance plan must cover:
Medical Cover
Medical coverage is the most important type you need to secure. Even if your existing health plans include international coverage, it is still worth your time to look into travel plans for their primary care coverage. Such plans cover your medical expenses up to a certain point, which can be extremely useful when you find yourself visiting a local clinic for an allergic reaction or for a minor injury. This will help reduce your out of pocket expenses if they are below your deductible limit. If you're in need of some serious help while travelling, the hospital you find yourself in will usually work with your provider - saving you the trouble of having to pay things off yourself.

Evacuation Insurance
If you are heading to a particularly remote corner of the world, which is far from a major medical centre, you will need to include evacuation coverage in your single trip travel insurance plan. This type of coverage will be able to protect you by covering the expenses of evacuation - whether by boat, helicopter or even private jet - to get you to safety as soon as possible. Do note, however, that many providers will refuse this package if you engage in potentially dangerous activities like skiing, skydiving and bungee jumping. You will then need to look for adventure or sports-oriented coverage, which is typically more expensive but will cover you in case you find yourself in a sports or adventure-related accident.
This type of policy may not save your life, but it will save you a lot of money. It can also be the most useful aspect of a policy, especially when an emergency back home forces you to cancel your planned trip. Cancellation coverage is very useful for those with medical conditions, those taking care of someone with a medical condition or those taking up expensive tour packages that can cost a lot of money upfront. This coverage should also protect you when reasons outside your control hamper your trip, like an auto accident or really bad weather.
Last but not the least is coverage that will protect you should your personal belongings get lost during transit. Many single trip travel insurance plans already have baggage coverage, but you may want to look for more specialized plans if you are travelling with a lot of valuables on your person. Your typical plan may not cover items like jewellery, electronics and art pieces, so you may want to pay for excess just in case.
Look for these basic aspects in your policy and you will be able to better protect yourself if ever the need should arise.

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