Being reimbursed for medical expenses while traveling is a main reason many travelers purchase travel insurance.
Many travelers ask if they can purchase a policy that only has Emergency Medical and Medical Evacuation coverage. Most travel insurance policies are comprehensive and include a variety of benefits. These medical benefits are included through vacation and international medical plans, however, these two types of travel insurance can dramatically vary in coverage.
Vacation plans are designed to offer travelers a package of benefits including Trip Cancellation, Trip Interruption, Emergency Medical and Medical Evacuation. However, travelers are able to purchase vacation plans without cancellation and interruption coverage. Although travelers can opt out of cancellation coverage, most policies will still include protection for Travel Delay, Baggage Delay and Baggage Loss. Vacation plans are available when traveling within the U.S., as well as overseas.
International medical plans offer Emergency Medical and Medical Evacuation while outside a traveler’s home country. Depending on the amount of coverage, these plans can be of better value than some vacation plans. Although most international medical plans will offer protection for a traveler’s lost or stolen baggage, they usually do not cover Travel Delay, Baggage Delay or Missed Connection.
When comparing travel insurance policies, many travelers have the misconception that the more expensive policy is better. However, this isn’t the case. Because travel insurance providers each have an ideal customer in mind, their pricing is calculated to appeal to their target demographic, based on the traveler’s age, trip cost, and the length of their trip. This explains why a policy may be inexpensive but offer better benefits.
Because a higher price doesn’t mean higher quality, Squaremouth has a core value of “downselling”. When a customer is comparing policies, Squaremouth will always recommend the least expensive policy that matches or exceeds that customer’s coverage needs.