Are you sure you’re insured?

//Are you sure you’re insured?

Are you sure you’re insured?

People, especially students, are enticed to go abroad to exotic places far away from home where they have never been before, even during times of civil unrest, terrorism, natural disasters, dangerous animals and disease. More than 25 million Americans travel abroad yearly. They go to experience Shakespeare in England, rejuvenate on beaches in France, or learn about international business in China. Students learn lessons about globalism, international relations, and cultural differences.

Traveling abroad is not cheap. Vacationers and business travelers pay thousands of dollars to travel abroad; students often pay $10-20,000 because to earn credits that don’t always apply to their transcript.  In spite of the the high investment, 90% of people who travel abroad do so without having travel insurance to get them home in case of serious illness, injury, civil unrest or natural disasters.  That’s scary.  It can cost upwards of $50,000 to get a person home.  Some foreign medical centers demand payment up front before medical attention is provided.

It’s important to understand the difference between travel insurance and trip insurance.  Trip insurance typically covers the cost of purchases you may have made, like airline tickets, hotel rooms and car rentals for example.  You buy trip insurance to get your money back in case you need to cancel your trip, protect your property against lost or stolen luggage, or have a trip delay that could cost more.  Some trip insurance provide some benefits of travel insurance.  It can be confusing.

Travel insurance, protects you personally, by helping you get emergency medical services, refill lost prescriptions, and provide emergency evacuations. Travel insurance may also include some elements typically found in trip insurance.  Travel insurance is a wise investment by comparison, typically priced at a few hundred dollars. It can mean the difference between no care, adequate care or quality care.  Unfortunately, too many travelers are not protected against the probability of an eventuality and are caught uninsured abroad.  Many people tell Depart Smart they just assumed their insurance would cover them.  It might, but your health insurance will most likely not cover costs of evacuation.

A study from the National Travel and Tourism Office found that 72 percent of all outbound U.S. travelers departed without buying travel insurance in 2014.  In order to get cost-effective, helpful insurance coverage, check out insuremytrip.com. The site will help you to research different policies and providers, so you can make an informed decision on insurance purchases to get the protection you need. InsureMyTrip also has a handy glossary of terms related to insurance claims. The language of insurance can be complicated, and this reference is a helpful guide.

Traveling abroad is an adventure and learning experience. Learning how to travel safely should be part of that experience. Like this article.  Please support us with a tax deductible donation.

By | 2017-02-17T13:08:44+00:00 August 8th, 2016|Featured|Comments Off on Are you sure you’re insured?

About the Author:

"Every college student deserves the chance to go abroad, learn something amazing and come home safe. I got that opportunity in college when I spent 10 days in China. I saw incredible skylines and secluded farm villages. I haggled with street vendors in Mandarin. I ate a chicken foot. Then I came home, safe and sound, with a million stories to tell. That’s why Depart Smart’s mission is something I can support. Students need an advocate when they’re out seeing the world. My hope is that with more oversight and accountability, we’ll see fewer crises and tragedies that leave students stranded. That means more stories when they get home."