If you're traveling with a group, it is a good idea to have travel insurance for them. These plans cover up to 10 people and are less expensive than single policies for individuals. You can also choose an annual policy that covers multiple trips, which may be a good choice if you have a few people living in different countries.
Benefits
When traveling with large groups, travel insurance is essential. Group policies can be cheaper and offer more coverage than individual policies. Group policies may also offer extra benefits that individual policies don't. Group policies are also available to children travelling with responsible adults. They can be a great option for parents of multiple children. The cost for a policy will vary depending on the length of the trip and the number in the group.
Group policies are more efficient than single policies. They require less paperwork and have fewer forms. You only need one form to purchase a policy for a group of people. Multi-trip policies require more paperwork, and are not available for everyone.
Eligibility
Travel insurance for groups is a great way to cover your group members' costs when they are abroad. Group policies tend to be less expensive than individual plans and can be managed more easily. The policies typically provide a combined master policy with individual ID cards for each participant. Some policies also provide emergency medical coverage for those in an accident or who become ill while traveling. Before you sign up, make sure you read all the fine print.
Group travel insurance policies could be a good option for groups that include 10 or more people. But, you should verify that your health insurance covers you if you travel abroad. Check to see if your insurance policy has exclusions. Preauthorization is required for certain types of medical treatment. This could hinder your ability to travel abroad.
Cost
When you're arranging travel insurance for a group, you need to consider a few factors that will affect the cost. Consider how many people will be traveling and how long. Premiums will go up if the trip is longer. You may also be able to get a basic policy for less and more flexibility if the trip is short.
Travel insurance that covers a group of people is often cheaper than one for an individual. The Worldwide Trip Protector is a plan that covers multiple travelers and costs $816 for two-weeks. This will provide coverage for medical emergencies as well delayed flights and baggage. RoundTrip Group also offers group insurance that covers all of its members at a flat rate of $2,014 per individual.
Cancellation
Cancellation insurance for groups can be a useful tool to help protect your group's travel expenses. Group trips may be cancelled due to illness, injury, fire or other natural disasters. A cancellation insurance policy will cover all expenses if a trip is canceled.
Excessive coverage
The cost of travel coverage can vary widely depending on the company. Travel insurance can be more expensive if you're traveling with your family. Costs will be affected if there are any pre-existing medical conditions.
Some insurance policies include an exclusion, while others do not. People will pay an excess if they're looking for low premiums. Even though it may seem like a lot, the excess amount is almost nothing when compared with the coverage offered by your insurance company.