International travel insurance: What is the best of 2021?
With suitcases ready to take an international trip? If the answer is yes, In today’s article we will deal with an essential item for which you will spend a period in another country: International travel insurance.
International travel insurance is important to avoid high and unnecessary expenses with unforeseen events that may occur. But, depending on the destination, it may also be mandatory. Next, we’ll show you how to choose the best international travel insurance.
First, the most important
- The insurance helps you during your trip abroad, either through medical assistance, or indemnifying expenses with unforeseen circumstances.
- Some countries require international travel insurance and even set a limit on coverage.
- To hire the best international travel insurance you must take into account some factors.
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Hiring Guide: All About International Travel Insurance
When planning a trip abroad, in addition to taking into account the budget, dates and tours, it is essential that you remember to hire international travel insurance.
However, this type of insurance usually has some peculiarities that you must take into account. And that is what we are going to deal with in this Hiring Guide.
What is international travel insurance for?
International travel insurance is a contract that you enter into with an insurance company, which is committed to offering assistance in the event of an unforeseen event.
In other words, if an accident occurs or you have a health problem while you are traveling in another country, travel insurance will ensure that you will not have to pay a large amount to pay for hospital medical care.
Do you know the difference between travel insurance and travel assistance?
With travel insurance, you generally pay for the assistance you need and then you are reimbursed by the insurance company.
With travel assistance, the insurance company pays for care directly to the hospital.
But in addition to ensuring medical care, most of the time travel insurance also offers additional coverage such as, for example, that guarantees compensation in case of lost luggage and flight delays.
However, the amounts and coverage of international travel insurance may vary depending on the plan, the insurer and the purpose of the trip.
What are the coverages of international travel insurance?
International travel insurance can have several coverages, from basic to additional.
According to the Superintendence of Private Insurance (Susep), some coverage is mandatory and must be included in all types of travel insurance.
To give you an idea, the basic coverage of international travel insurance guarantees compensation if you have expenses with:
- Medical, hospital and / or dental care and treatment resulting from personal accident or sudden illness;
- Body transfer in case of death;
- Transfer back to the place of origin if you cannot return as a regular passenger, due to personal accident or illness;
- Removal to the hospital , due to illness or accident.
What does international travel insurance not cover?
In addition to carefully checking which coverages are included in the international travel insurance policy, it is important to find out what travel insurance does not cover.
To help you, we have listed some of the conditions that are not covered by most overseas travel insurance. Look:
- Compensation for death or disability due to air, road and sea accidents;
- Extra hospital or pharmacy expenses without a prescription;
- Treatment of epidemic, pandemic or endemic diseases ;
- Claims arising from natural phenomena , such as floods, earthquakes, volcanic eruptions, cyclones and hurricanes;
- Accidents, damages and losses caused by the insured’s recklessness, negligence and malpractice .
Is international travel insurance mandatory?
It depends. Hiring travel insurance is always recommended for any type of travel. But, in the case of trips abroad, the requirement will depend on the destination.
For example, some countries in Europe require that, in order for you to be allowed to cross their borders without a visa, you must present international travel insurance.
Some countries even stipulate a minimum coverage amount for travel insurance. Therefore, it is important to check the rules of the destination country.
Which countries require international travel insurance?
The best known case of countries requiring international travel insurance is that of members of the Schengen Treaty.
These countries not only require you to present travel insurance at customs, they also require that the insurance has a minimum coverage of 30,000 euros.
However, there are other countries that, to allow you to enter, may require you to have international travel insurance.
In Central and South, for example, three countries require insurance.
But insurance conditions vary by country. In Venezuela, for example, the local government requires international travel insurance with a minimum coverage limit of $ 40,000.
For those traveling to the United States, insurance is also not mandatory. However, this is a case that exemplifies the importance of having international travel insurance.
The USA is known for having very expensive medical care.
The USA is known for having very expensive medical care. So, if you need hospital assistance, for example, it will be cheaper to have travel insurance.
To give you an idea, in general, to treat an appendicitis in the United States you may have to spend about $ 30 thousand.
In Australia, although international travel insurance is not mandatory for tourists, it is for those who are going to study in the country.
How to activate travel insurance abroad?
If any unforeseen event, which is in the insurance contract, occurs during the international trip you need to have the data of the insurer to trigger it.
When calling the insurance company, it will inform the most suitable location so that you can receive the necessary assistance.
There may also be other forms of communication, such as e-mail, WhatsApp and applications.
How much does international travel insurance cost?
The price of travel insurance will depend on some factors such as the dollar rate, the duration of the plan, the destination, the purpose of your trip, among others.
But, in general, costs can be between R $ 5 and R $ 45 reais per day. A value far below any medical consultation abroad.
Hiring Criteria: How to analyze international travel insurance
When hiring insurance to travel to another country, you must first quote with several insurance companies. That way, you will have enough information to compare and choose the best plan.
To help you, we have listed the points that you should take into account in this comparison. Look:
- Best insurer
- Coverage value and coverage
- Type of trip
- Additional services
- Annual insurance
Below we will explain in detail each of these topics.
First you must choose the insurance company well. After all, she will offer you assistance and compensation. Therefore, make sure she is authorized to sell travel insurance on the Susep website.
Also search for the insurer’s reputation. You can do this by evaluating the comments of other customers.
Coverage value and coverage
Another criterion that you must consider is the destination of your trip and, as we have seen, the requirements of each country.
In the case of countries whose medical expenses are notoriously high, the recommendation is to take out international travel insurance with greater coverage.
According to experts, if you intend to travel to the USA, for example, the ideal is that you hire international travel insurance with a coverage value above $ 100 thousand.
Also note if your trip has multiple destinations. International travel insurance is usually taken out by continent or subcontinent.
In other words, the travel insurance you hire will not always cover emergency situations in all parts of the globe.
If, for example, you are going to travel to a country in South America, and then to Central America, you must hire international travel insurance that covers multiple destinations.
Type of trip
Another factor that you should consider is the type of trip. There are different types of international travel insurance according to the purpose of your trip, be it leisure, adventure, business, among others.
Depending on the type of trip it may offer more or less risks, which ends up influencing the price and coverage of travel insurance.
Be sure to also check what additional coverage you can include in your international travel insurance policy.
Among the most common are indemnities for lost luggage, flight cancellation, pharmaceutical and even legal expenses.
Check the table below for the main additional coverages you can include in your travel insurance contract abroad:
It is also important that you evaluate that, if you are already a frequent traveler, the best option may be to hire annual travel insurance.
Annual travel insurance can save up to 60% on your budget. With this type of insurance, in addition to saving you money, you can still use it for different trips you make over the course of a year.
Finally, be sure to carefully read the fine print of the international travel insurance contract.
In general, this is where the most important information is, including situations that are not covered by travel insurance and the rules and deadlines for receiving compensation if you have an expense with any coverage.
International travel insurance may or may not be mandatory and it will depend on each country. However, it is a precautionary measure that brings advantages to all types of travelers.
With travel insurance you don’t have to worry about financial expenses in case of unforeseen health problems and / or accidents. In addition to being inexpensive, this type of insurance may also include extra coverage to reimburse you in case of lost luggage and delayed flights.
However, to choose the best international travel insurance, it is necessary to analyze the insurance company, the prices charged, the coverage included in the policy, among other factors.
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