“If you cannot afford travel insurance, then you cannot afford to travel” – Author Unknown
There are many types of insurances in the world, and each one offers a coverage different from the rest. If you are a frequent traveler, then you might consider getting yourself a travel medical insurance in the Philippines.
What is travel medical insurance?
Travelers who frequently leave their home country might essentially need travel medical insurance. It is a type of insurance that would offer coverage for any type of medical emergencies and evacuations depending on the policy purchased. Depending on where you get yourself insured, this insurance can either be known as International Travel Insurance, Worldwide Medical Insurance or even International Medical Insurance. This mainly differs from other types of insurance considering that it is a coverage that protects you while you are out of your home country. There are many insurance coverages with policies stipulating that you would not necessarily be covered for any accidents, illnesses or emergencies occurring while you are abroad.
What is the biggest difference?
The main difference lies one what this type of insurance focuses on. With this travel medical plan, the focus mainly lies on emergency medical and evacuation costs and not necessarily travel cancellation coverage costs. Should you be abroad and contract a disease or figure in an accident, it would readily cover any medical costs for you. Most insurance plans would include emergency dental treatment and emergency transportation services.
If you have an accident in a remote area, emergency medical evacuations should be able to get you out of there and transport you to a place where you are given appropriate medical care. Furthermore, most travel medical plans would include some Accidental Death and Dismemberment term life benefits which are paid for.
It is usually cheaper than trip cancellation insurance
Apart from being useful on a trip, getting a travel medical insurance is the more practical and economical way to have an emergency medical coverage abroad. The cost of most medical plans would vary depending on an individual’s age, coverage amount, and trip length.
On the other hand, trip insurance with consideration to cancellation, delays, interruption, baggage coverage, etc. would be mostly based on the cost of the trip. Considering all these, it would be easy to see that a trip insurance would set you back by thousands of pesos whereas medical plans would be a lot cheaper.
Why you need travel medical insurance?
Much like everyday life, you can never truly predict what would happen to you during your trip. In some cases, foreign food might not agree with you and would give you a severe case of food poisoning. In another case, you might get into an accident while in traffic or have any of your family members injured. These are all likely cases of why you might want to consider having a travel medical insurance coverage. Furthermore, having this type of insurance will give you the guarantee and assurance that you would have travel medical assistance services in case of an emergency abroad.
What does it usually cover?
While the coverage differs from one insurance company to another, a Travel Medical insurance plan typically includes the reimbursement for unexpected medical costs due to emergency medical care as well as unexpected dental costs. Additionally, it would provide advance payments to medical facilities in order for you to have emergency medical transportation should you be injured. Lastly, it provides for travel accident benefits which would take care of you and your family should you be severely injured or killed while traveling and emergency travel assistance services. The latter would help you located a proper medical facility to take care of your and your family’s medical needs.