What are the benefits of buying travel insurance for international travel?

Americans are gearing up for more long-distance travel this year — nearly 34% say they plan to travel outside the country, according to a 2022 survey From tourism market research agency Destination Analyst. That’s a 7-point increase from what travelers said the previous spring about their ambition to travel internationally in the coming year.

Most Americans told the firm that Europe, Canada, Mexico and the Caribbean islands were at the top of their list. But those who are planning spring break vacation May have other locations in mind.

No matter what time of year you’re traveling, it’s always wise to consider whether you Must get travel insurance, which provides up to 100% coverage for unforeseen or unexpected events that might otherwise leave you with a hefty bill. You just need to submit a claim to the insurer (as long as it applies to one listed) to get your money back. covered reasons)

For travelers looking to cover all angles, comprehensive travel insurance is the way to go. Fortunately, online marketplaces like Squaremouth make the process easy. Simply fill in your traveler and trip information to see dozens of affordable options.

3 Benefits of Buying Insurance for International Travel

Travel insurance has many benefits, especially its potential Saving you thousands of dollars Something must be random. But it is more important for overseas travelers.

About 90% of all insured travel in 2022 was for international travel, according to a Squaremouth surveywhich anticipates a continued “high demand” for international travel in 2023.

The site predicts some of the top insured destinations for early 2023 — Mexico, Italy, Israel, the Bahamas and France — with an average cost of about $6,500. With total trip costs, an extra layer of protection certainly doesn’t hurt. This is where travel insurance comes in. With a click of a button, you can compare different policies offered by different insurance providers. don’t be late Now start the process.

Here are some benefits of travel insurance for international destinations.

1. Financial protection: The more expensive your trip, the greater the financial risk. Travel insurance can protect your travel deposit including airfare, accommodation, tours and more. The biggest benefits of travel insurance are: Trip cancellation coverage, which “provides financial investment travelers protect for their travel, providing coverage for all prepaid and non-refundable trip expenses,” explains SquareMouth. This type of protection can give you peace of mind if an unexpected event or obstacle arises, forcing you to change your plans.
2. Scope of treatment: Several US companies strongly urge Americans to get it Travel Medical Insurance, mainly because health insurance may not kick in abroad. “Before you travel, consider getting travel insurance to cover yourself in case of travel delays, accidents, or illness. Your current medical insurance may not cover care in other countries,” Centers for Disease Control and Prevention Online states. Some countries even Tourists must provide proof of insurance Prior to entry. In addition to these important factors, having emergency medical and medical evacuation coverage — often included in comprehensive travel insurance policies — enables you to get any critical medical care you need without worrying about getting stuck with a huge hospital bill. “The medical benefits of travel insurance are probably the most valuable because of the high financial impact that can come with a medical claim while traveling,” adds Squaremouth. (Here What you need to know Regarding getting medical insurance abroad).
3. Travel Issues: Traveling can be a nightmare at times, especially when you visit a crowded airport. Airline problem and other inconveniences such as delays or lost luggage. Comprehensive travel insurance covers a wide range of issues including delay benefits, refunds for lost or damaged items, sports coverage and more. “Every comprehensive travel insurance policy comes with 24-hour assistance, which can assist travelers with medical and legal assistance, emergency cash transfers, emergency translation and pre-trip assistance,” Squaremouth said. Comment.

In general, Travel insurance prices About 5% to 10% of your total travel expenses, says Squaremouth. It’s a small price to pay for the peace of mind and potential protection from losing the entire deposit or experiencing a medical emergency that comes with a huge bill.

Getting travel insurance is easy. Enter your information into Squaremouth’s free online tool to review a plethora of policies, which can be ranked by least expensive options.