Trip Insurance vs. Medical Insurance: What’s the Difference?
If you are planning on traveling abroad, you might be thinking about purchasing travel insurance. Many don’t realize exactly what travel insurance can cover. Travel insurance is a broad term used for insurance that provides some sort of travel coverage. Typically travel insurance refers to either trip insurance (protection for financial losses due to unexpected trip related issues) or travel medical insurance (protection for health-related issues). For visitors to the U.S., both types of travel insurance can provide a more worry-free journey. Here’s why trip insurance and travel medical insurance are recommended, as well as the specific differences in coverage.
Trip insurance
Trip insurance typically refers to trip cancellation insurance coverage. These policies are usually for a short duration of a trip, such as up to 30 days. This type of coverage protects you against financial losses suffered because of unexpected trip related situations. This can include trip cancellations, interruptions, delays, missed flight connections, lost baggage, or rental car coverage. Some plans may include only certain features and benefits, so make sure that you choose a plan that works for your specific needs.
This type of insurance is useful in cases where specific circumstances may cause changes in your travel plan. Traveling with children or seniors or traveling in high-risk areas might also be reasons to consider this type of coverage.
Travel medical insurance
Travel medical insurance provides protection for unforeseen health issues you may encounter while traveling. These insurance plans are intended for sickness, injuries, and accidents. They may also cover expenses for medical treatment, medical evacuation, and/or accidental death repatriation. Travel medical insurance can also be called visitor insurance, visitor medical insurance, travel health insurance, or overseas travel insurance. It is important to ask the experts what kind of coverage might be best for your specific needs.
Travel insurance plans are especially recommended for traveling abroad to destinations where risk to exposed health issues could be higher, or for foreign visitors to the U.S. Travel insurance for non U.S. residents can provide a low cost solution to the common risks associated with visiting a foreign country. At Insurance Services of America, we make health insurance as easy as ready, set, renew. Call (800) 647-4589 or 01 (480) 821-9052 to learn more.