Panama Travel Insurance: Plans & Prices

Squaremouth’s Panama Travel Insurance Recommendations

For travelers visiting Panama, Squaremouth recommends a comprehensive insurance policy that covers Emergency Medical and Medical Evacuation benefits, as well as Trip Cancellation coverage. Travel Insurance is not required when traveling to Panama; however, many travelers want to protect their trip investment and protect themselves against high medical bills from illness or injury during their trip.

Travelers concerned with COVID-19 while traveling to Panama should purchase a policy with COVID-19 coverage. Most travel insurance providers on Squaremouth.com provide cancellation and medical benefits for contracting the Coronavirus. For all other Covid-related concerns and impacts on travel, including border closures, quarantine restrictions, and fear of contracting the virus, Squaremouth recommends a policy with the Cancel For Any Reason upgrade.

For those travelers who are concerned with needing medical coverage while traveling to Panama, Squaremouth recommends a policy that includes at least $50,000 in Emergency Medical coverage and $100,000 in Medical Evacuation coverage.

Emergency Medical coverage can provide reimbursement if a person becomes ill or injured during their trip. Most policies on Squaremouth.com can also provide coverage for a traveler who contracts COVID-19 and needs medical attention.

Medical Evacuation coverage can reimburse a traveler for expenses related to getting to the nearest adequate medical facility. In some cases, this coverage can also reimburse a traveler for expenses to get home under the guidance and recommendation of a physician.

For those who are traveling to remote areas of Panama or taking a cruise through the Panama Canal, medical treatment and evacuation can be more complicated and expensive. In these situations, Squaremouth recommends at least $100,000 in Emergency Medical coverage and $250,000 in Medical Evacuation coverage.

For travelers who have prepaid or non-refundable trip expenses, Squaremouth recommends Trip Cancellation coverage. This type of coverage can reimburse travelers for insured trip expenses in the event they have to cancel their trip for a covered reason. These reasons typically include unexpected illness or injury before departure, and also can include inclement weather, terrorism, and testing positive for COVID-19 before departure.

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Panama Travel Insurance Trends and Data

Panama is a popular tourist destination and a stop for cruise lines. Many people visit the iconic Panama Canal and experience the rainforest and metropolitan areas the country has to offer.

Destination Rank: 48

Percentage of Squaremouth Sales: 0.51%

Average Premium: $301.83

Average Trip Cost: $3,957.71

Squaremouth Analytics compares thousands of travel insurance policies purchased pre- and post-pandemic to identify changes and trends in the travel insurance industry.

Helpful Resources

• Panama Tourism
• Panama Immigration Forms