Here are some factors you need to consider when purchasing:
What are “pre-existing” conditions?
These are medical conditions which people have such as cancer, diabetes, heart issues, etc., which afflict people, but they are still able to live with them, daily, and can travel with them, if they have their doctor’s okay. But if you end up canceling a trip based on one of your “pre-existing” conditions, you want to be sure you purchased a policy which gives a waiver to “pre-existing “conditions. Breaking a leg a few days before a trip is NOT a “pre-existing” condition and will be covered. To be sure you get a waiver for a “pre-existing” condition, you must purchase the policy within a certain time limit (usually 14 to 21-days after making initial deposit). Also “pre-existing” conditions apply not only to you, but to your close family/friends, in case you do have to cancel due to their sickness. Insurance companies have a look back period (usually 90-days to six-months) to determine if your reason for canceling qualifies as a “pre-existing” condition.
Is the policy you are buying considered Primary or Secondary medicalcoverage?
Primary coverage means that the travel insurance company will cover all your medical expenses (up to the amount mentioned in the policy). If you buy a policy where your travel insurance policy is considered secondary, then you will have to pay for all costs (even if you are in the hospital) and upon return to the
What is “cancel for any reason” trip insurance?
This is becoming more popular and means what it says (dog is suffering separation anxiety, for example). But in most cases, this has an additional cost, and the refund is not always what you want (usually not full cash, but voucher for future trip, at 50 percent to 80 percent of original cost). Check details carefully.
How is covid covered now in trip insurance?
COVID is considered a medical issue and if you suddenly got COVID and must cancel travel, it would be covered. While traveling, if you get COVID, then often the policy will have coverage for “trip interruption” as you’ve got to stay behind and not finish trip, pay for hotel room, re-book flights, etc. Check your policy for COVID coverage.
Is the Premium you pay for trip insurance refundable?
No, it is not, but you do usually get a two-week period to review your policy and if you then decide to cancel, you will get a refund. Therefore, that brings up two different approaches to purchasing trip insurance: First, look at what the refund options are for your trip costs, and perhaps wait to the last day (maybe 120-days from start of trip) to purchase your trip insurance. Second, and frequently used today, is to purchase trip insurance in different segments. Start immediately to purchase insurance to cover your initial deposit (this is mandatory if you want “pre-existing” conditions waiver). Then add increased coverage as you add more cost elements to your trip. This way, you are not putting out a big amount of cash for trip insurance if you decide to cancel in agreement with trip cancellation policies.
Is your policy transferrable?
Yes, with COVID, there were so many cancellations of trips to future dates that insurance companies agreed to a “one time” date change. This means that if your
What is the meaning of Medical Evacuation?
This refers to being removed from the place where you suffer the medical issue to the nearest hospital/clinic that can best treat the condition according to your trip insurance provider. If you end up in a foreign hospital and want immediate return to a hospital of your choice in the
Can you just purchase a small amount of coverage to get medical coverage?
Yes. Sometimes people are using frequent flier miles to go to
Do you need to purchase trip insurance when traveling in the
Yes, in most cases, it is a good idea to provide special coverages which your regular medical policy doesn’t offer. For example, I had a friend who traveled from