Tourists and travelers who are leaving their home country and travelling to another country should be aware of the travel medical insurance. This insurance provides for any medical emergencies and evacuations. Few commonly known names of such insurances are the international medical insurance, international travel insurance and worldwide medical insurance. Any insurance means a general agreement between the insuring company and the person who has been insured. An insurance policy provides a sense of security to the citizens against any natural disaster or theft and the insuring company commits to pay if there is any loss of the insured party.
The travel insurance policy is exclusively for people who travel to another country and the insurance policy assures that if anything like evacuation or illness and accidents occur then the company will cover the expenses.
The travel medical insurance focuses on the emergency medical and evacuation costs not on the trip cancellation charges. When you are abroad and become ill or meet with some sort of accident. Here the travel medical insurance policy has a role in covering the expenses for you. Other emergencies like dental treatment while travelling in another country are also covered. The policy also covers the emergency transportation services like ambulance and air-lift services.
Emergency medical evacuation services are generally asked when the travelers are in a foreign country and some medical emergency arises. While travelling they might be in some remote area of the other country where medical facilities may not be available. In such a case the patient has to be air-lifted on an emergency basis to transport to the nearest city or area where advanced medical facilities are available. If a person is killed or dies on a foreign trip, then the policy will pay for the repatriation charges and has to ensure that the dead body is properly transported to the home or a nearby funeral. The travel medical plans frequently consist of some Accidental Death and Dismemberment (AD&D) coverage. This provides extra coverage for people and their families in the event of any serious accident.
The travel medical insurance plans are cheaper than the trip cancellation insurance. The trip cancellation insurance generally cost more as it includes charges for cancellation, delay, baggage loss, interruption etc. It can cost up to 4-10% of the insured trip cost. But the travel medical insurance plans are relatively cheaper. Such plans are calculated on the basis of the age of traveler, duration of trip and amount to be covered. By taking all factors into consideration it can be found that they cost a few dollars per a day. Hence they are a very economical method of getting emergency medical coverage abroad.
Emergency medical coverage is vital when you travel outside your country. Imagine that you are on a long business trip to another country and you get food poisoning of high severity. You are travelling another country and fell on a rock and broke your tooth or meet with an accident. In all such emergencies travel medical insurance can be the solace provider for the travelers.
