Posts Tagged ‘Types of Travel Insurance’

Travel insurance is available in two basic plan types

1) The “Vacation Package Plan” is popular by most vacationers and business people because it provides a wider area of coverages in one plan, including (but not limited too): trip cancellation, medical emergencies, medical evacuation, lost baggage, and several other coverages. Package policies vary from extremely Basic plans with less coverage to Premium plans with high end benefits and high limits. Package plans are used by:

• “General travelers” single, couple and families on vacation

• Business travelers

• Cruise takers

• Senior travelers

2) A Travel Medical Plan is purchased by travelers leaving their home country for a few days or up to a year, and provides emergency medical treatment, medicl evacuation coverage, and emergency assistance. Travel Medical plans are used by:

• US citizen s traveling abroad (business assignments, missionaries, etc.)

• Foreign citizens visiting the US (i.e. family members visiting thier family inside the United States)

• Any traveler leaving their home country
 
Most travelers fall into one of the two types of plan above. Extra provisions/policies that might include Evacuation Only Plans, Annual Plans (Long Term Travel Insurance), Flight Accident Plans, and Accidental Death Plans. These are specialty plans, and provide very specific coverage.

When is the best time to buy Travel Insurance your policy?

Travel Insurance Review...