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. The policy can last up to 18-months. Many companies also offer optional coverage for watersports and 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. When applying for insurance, disclose any pre-existing conditions you may have.
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 can be purchased as a stand-alone product or as a rider on a comprehensive policy.
It's best to buy a policy with emergency medical coverage and evacuation coverage if you suffer from a chronic disease or injury. You will be covered for transportation costs to and from a hospital if you get sick or hurt while on a trip.
Some companies reimburse you if your flight is delayed or you need to wait. These types of insurance can be very useful for travelers who frequently change their schedules.
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. Most policies will have a higher deductible. Shop around to find the lowest price.
If you're looking to purchase a travel medical insurance policy, make sure to choose a provider with a good reputation and a high standard of customer care. You will feel more confident in your choice and be able to get the medical care you need should you experience an emergency.
Allianz is the leader in the industry and has been for over 55 year. This is due to the financial strength that Allianz SE, its parent company, possesses. It's a trusted name in travel health insurance that provides global coverage for millions of individuals each year.
The most common reasons to buy a travel medical insurance policy are to avoid expensive out-of-pocket medical expenses in case of an accident or sickness while traveling, and to be protected from the risk of becoming sick or injured while abroad. The coverage includes a 24-hour helpline to connect you with a lawyer or doctor if you get sick while traveling.
Depending on the policy you choose, it may also include other benefits such as emergency medical treatment and return of mortal remains coverage. It's best to speak to a travel health insurance specialist who can guide and advise you on the most appropriate policy.