Long-term travel insurance is ideal for people who plan to travel abroad for more than a month, such as backpackers or digital nomads. This policy is valid for up to one year. Some companies also provide add-ons such as watersports or 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. For example, if you have a pre-existing medical condition, it may not be covered, so make sure to disclose it when you apply for coverage.
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 can be purchased either as a standalone product or as an add-on to a comprehensive insurance policy.
If you are ill or injured and have a long-term condition, you should consider purchasing a plan that includes emergency medical evacuation. 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. This coverage is ideal for long-term travellers who constantly change their plans.
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.
When it comes to purchasing a travel health insurance policy, it's important to choose a provider that offers a high level of customer service and is reputable. You will feel more confident in your choice and be able to get the medical care you need should you experience an emergency.
Allianz, for example, has led the travel insurance industry for more than 55 years. Its parent company Allianz SE is also a strong financial force. It is a trusted name for travel health insurance, providing global coverage each year to millions of individuals.
Travel medical insurance is often purchased to protect against the possibility of being injured or sick while abroad, or to prevent expensive medical bills. This coverage often includes a 24-hour hotline, which can help you connect with a doctor or lawyer if you become ill while abroad.
The policy may include additional benefits such as emergency treatment and coverage for return of mortal remains. Talk to a specialist broker about your travel health needs if you are unsure of the benefits you will need. The broker can help guide you and recommend the right policy.