Everything You Need to Know When Purchasing a Travel Policy

Thursday, 13 May 2021

Travel Policy

Did you know that when traveling overseas, you may need to purchase a travel medical insurance policy?

According to Forbes Advisor, travel medical insurance pays for emergency medical expenses during a trip. If you are traveling and have an unexpected illness, injury or medical condition that’s covered by your travel medical insurance, the plan will reimburse you, up to the plan limits.

Here are some key takeaways and questions to ask yourself when looking for a travel medical policy:

  1. Is there an evacuation rider? If you get sick and need to be transported back to the USA, is there a clause in the medical policy that will pay for you to be transported back?
  2. Keep in mind that travel policies will not cover any pre-existing conditions. These policies are only for sudden illness or injury! So just be aware that any maintenance medications or pre-existing conditions will not be covered under your travel policy.
  3. Travel policies work much differently than your typical health insurance policy in the USA. Travel policies work more like a reimbursement program. When you travel overseas, they’re going to ask that you pay at time of services and then when you get back to America, you will then file your claim.
  4. Look at your policy limits! We always recommend a minimum of $1,000,000 in coverage when it comes to travel policies!

Pro tip: make sure you have extra funds available in case of an emergency while traveling overseas! This will allow you to pay at time of service and buy you time to file that claim once you get home.
If you are getting ready to book that dream vacay and want more information on travel medical policies, give Clevenger Insurance a call today at 574-267-2181!

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