February 27, 2013
The Importance of Travel Insurance
Imagine being on a trip to Europe and getting injured or becoming seriously ill. Who will be financially responsible if you have to be medically evacuated or if you need to abruptly end your travels so that you may fly home to receive the medical treatment necessary? You will! This is just one of the many scenarios that could occur while one is traveling, especially if you are overseas. There are several kinds of insurance policies available to offset such risks associated with traveling.
Travel Medical Insurance: the most common type of travel insurance available. It offers emergency medical expense coverage for short-term leisure, mission, or business travel. These plans offer various amounts of coverage ranging from $50,000 to upwards of $1,000,000. Emergency dental coverage is also available.
Trip Protection Insurance: provides emergency medical expense coverage as well as trip related benefits. In the event that a trip is cancellation or interrupted, trip protection insurance will cover 100% of any non-refundable expenses. There are many reasons why a trip may be cancelled or interrupted, such as: natural disasters, labor strikes, or financial difficulties of tour operators. In today’s unstable world, it is wise to obtain travel insurance that includes trip protection.
Global Businesses require many professionals to travel, or live, and work overseas. Special health insurance plans for such “global warriors” and expatriates are available. HTH Worldwide offers an outstanding plan that includes a large network of highly qualified doctors and hospitals in over 180 countries, as well as 24/7 access to telephone support, destination health and security information from anywhere in the world.
Additionally, for international students studying in the United State, health insurance plans are available which will to cover them while they are in the U.S. Typical coverage included in these plans is $250,000 in medical expenses per year, including such services as: hospitalization, ambulance services, emergency services, outpatient prescription drugs, and intensive care.
Travel insurance is often overlooked but today’s unexpected and increasingly volatile world, obtaining travel insurance is more important than ever. Dave Terpening Insurance Agency, Inc. recommends HTH Worldwide for your travel insurance needs. Please call our office or visit our website for more information: www.TerpeningInsurance.com.