What You Need To Know About International Travel Insurance
What You Need To Know About International Travel Insurance
If you like travelling, you should take good care of your health too. Without good health, the travelling plans you made would be really wasted. One more thing you must take care of while you are travelling is the medical costs.
Why International Travel Insurance?
The answer is really very simple, security and budget. If you are travelling from one country to another with limited resources, travel insurance will help you adjust your budget and your expenses accordingly. Compare this to the risk of travelling without travel insurance and then falling sick. You might end up spending much more which will mess up your entire travel plan. Therefore international travel insurance should always be a part of your plans wherever you go.
What are the Other Benefits?
A good example of international travel insurance is the Atlas Travel plan that covers tourists visiting one country from another. In short it provides international travel insurance for both US and non US citizens. The travel could be as part of tourism, research or study. Also the insurance can be from a term period of just 5 days to as long as one year and the cost will vary accordingly. Again, the insurance can be renewed for as long as 3 years.
Features of an International Travel Insurance
The insurance covers quite a lot of features that will keep you safe and give you a comfortable sleep at nights. You don't have to fret over the rising medical costs and massive bills for visiting doctors. The insurance sometimes provides coverage as high as one million dollars. The insurance covers the cost of the visits you have paid to various doctors, the cost of repatriation and evacuation that you were involved in or the cost of any hospitalization at any point of time. Medications and prescriptions are also covered under the insurance. Hazardous sports riders can insure themselves too if they love adventure and want to play safe as far as finances are concerned.
Applying for the Insurance
Applying for the insurance is very easy. One can do it online instead of going elsewhere. Online applications are processed faster and one can see the exact status at any point of time. Also, one receives the insurance as soon as it is processed in the form of mails. One can keep a printed copy of the PDF documents as proof of the insurance with them at all times. The CMN network is the provider and one gets only 80% of the coverage or whatever the terms of the insurance are. This is generally laid out in the policy and is known as coinsurance which means the ratio of coverage provided by insurance company and self. But a benefit of the coinsurance for a policy holder is that this amount is capped to a maximum of $1000. This means beyond one limit the policy holder doesn't have to pay for the amount, even though it is his liability as per the co-insurance terms mentioned on the insurance policy.