Knowing what travel insurance is intended to do – and what it’s not – can help answer some of the most basic questions you may have about purchasing a travel insurance policy for your next trip. The best course of action, if you are considering buying a travel insurance policy, is always to prepare yourself as much as possible before purchasing by reading, researching, and understanding different policies and what their benefits may be. Keeping your expectations realistic and knowing just what you’re looking for in a travel insurance policy can help you make a more confident purchase that will be right for you.
Travel insurance policies seek to provide you with the peace of mind that comes from knowing that if a delay, cancellation, medical event or disaster does occur that impacts your plans you will be able to recover some or all of the costs you may have lost. Travel insurance policies also offer access to assistance services that may not have otherwise be available to you.
When I sell travel insurance, I give my clients a choice of policies that provides either primary or secondary coverage. Primary and secondary insurance plans generally cover medical costs differently. The primary plan will kick in first, paying the standard rate for a medical expense, such as a doctor’s visit, medication, or hospitalization while travelling. A secondary coverage plan will be billed only after you have billed your own personal insurance policies such as your private medical insurance, home owners, automobile coverage etc. Usually domestic travel losses are covered by your own personal policies so a secondary travel insurance policy (which is generally less expensive) will bridge the gaps to fully protect you.
International travel, however, may only be partially covered or not covered at all by your personal insurance policies. Therefore, it is always important to check your own policies before deciding if you will need primary or secondary coverage for your trip.
Travelex Travel Insurance