Travel insurance for long-term is perfect for those who are planning to travel overseas for longer than a week, like backpackers and digital nomads. This policy is valid for up to one year. Some companies also provide add-ons such as watersports or adventurous activities.
If you're looking to purchase long-term insurance, make sure you read all of the fine prints so that your policy covers everything. For example, if you have a pre-existing medical condition, it may not be covered, so make sure to disclose it when you apply for coverage.
You can also opt for cancel-for-any-reason (CFAR) coverage, which will reimburse you a percentage of your trip costs if you have to cancel your trip due to an approved reason such as an illness or death in the family. This option is available as either a standalone policy or as a rider to an existing comprehensive policy.
If you are ill or injured and have a long-term condition, you should consider purchasing a plan that includes emergency medical evacuation. If you are injured or ill while on vacation, this will cover the cost of transportation to a hospital.
Some companies will also reimburse you for flight changes that occur because of a delay in your schedule, such as if you miss a connection or need to wait for a delayed flight. This type of coverage is useful for frequent travelers who change their plans frequently.
It's a good idea to buy a policy with a low deductible, so you don't have to worry about paying any out-of-pocket expenses in the event of an emergency. Some policies do have a large deductible. This is why you should shop around to get the best deal.
It's crucial to select a reputable provider when purchasing travel health insurance. They should offer a high-level of customer service. You will feel more confident in your choice and be able to get the medical care you need should you experience an emergency.
Allianz, for example, has led the travel insurance industry for more than 55 years. Its parent company Allianz SE is also a strong financial force. It is a trusted name for travel health insurance, providing global coverage each year to millions of individuals.
Travel medical insurance is often purchased to protect against the possibility of being injured or sick while abroad, or to prevent expensive medical bills. The coverage includes a 24-hour helpline to connect you with a lawyer or doctor if you get sick while traveling.
You may be able to get other benefits, such as coverage for emergency medical treatment or return of mortal remains. Talk to a specialist broker about your travel health needs if you are unsure of the benefits you will need. The broker can help guide you and recommend the right policy.