Buying insurance for an overseas trip should be a priority for all travelers. However, the wide variety of policies can be confusing for many applicants.
Americans heading abroad are often presented with choosing travel insurance or travel medical insurance. Many individuals may question if there is a difference between the two types of insurance. In short, the answer is usually that there is a difference. However, the provisions of each policy can vary significantly among insurance providers.
Typically, travel insurance can help tourists who have lost personal possessions or suffered the inconvenience of flight cancellations while travel medical insurance can pay for potentially life-saving treatment abroad.
Here are the fundamental differences between the two policies, as outlined by the U.S. Department of State:
• Travel Insurance
Insures the costs associated with your trip, including cancelled flights and lost baggage. In most cases, it does not cover any medical expenses you may incur while traveling abroad.
• Travel Medical Insurance
Covers the cost of medical attention you may receive while abroad.
Quality travel medical insurance will likely cover overseas medical expenses up to a certain value, and provide for medical evacuation to the nearest suitable medical facility in the most serious cases. This type of insurance also may also cover the expense of medical repatriation, which can cost tens of thousands of dollars.
In conclusion, there is a difference between travel insurance and travel medical insurance. The difference may be ignored by many people leaving the United States, but it is nonetheless critical to their health and safety abroad.