Why do people buy travel insurance for international travel?

International travel is not enough though Hitting its level in 2019 – Pre-pandemic, it is still expected to make a strong recovery this year.

Searches for international flights are up 64% year-to-date in 2023 compared to the previous year, According to Kayak, an online travel agency and flight search database. And with that increased travel demand, it’s no surprise that international flight prices have also risen by about 30%, the site estimates.

That’s why it’s important that you prepare for the costs associated with international destinations.

One way to protect your trip and your wallet is to get travel insurance. If you’re planning a trip abroad, consider entering your traveler and trip information into travel insurance marketplace Squaremouth’s free tools to review the dozens of insurance options available to you. You can sort it by the least expensive option to make sure you’re getting the best deal.

Benefits of buying insurance for international travel

Squaremouth, which 2022 Travel Trends Study, said nearly 90% of all insured travel was to international destinations last year. This trend is likely to continue till 2023.

There are many here Reasons to buy travel insurance, especially if you’re traveling abroad. But when it comes to international travel, medical and financial security are usually at the top of the list.

Medical protection

Your health insurance may not always cover you wherever you go. Some countries strongly urge tourists to purchase travel insurance that includes medical coverage, and others may even it is necessary to fully enter their country.

“Most basic health insurance policies either don’t offer overseas coverage or if they do, the coverage is limited. On the other hand, travel insurance policies can provide coverage to multiple destinations around the world,” Squaremouth said. explains In its travel advice section.

Most comprehensive travel insurance plans come with medical coverage. Shop around to find the right plan for you!

The US State Department And Centers for Disease Control and Prevention (CDC) Encourages US citizens to obtain medical travel insurance before traveling abroad.

“The U.S. government does not provide insurance for U.S. citizens overseas. We do not cover medical bills or unexpected expenses. We highly recommend that you purchase insurance before you travel,” the State Department wrote online, adding that Medicare and Medicaid coverage are generally U.S. Do not kick out

Also CBS News Travel Editor Peter Greenberg Recommended Travelers who receive a coverage plan that includes medical evacuation benefits.

“You absolutely need to have medical evacuation insurance. If you get sick or injured outside of the United States, it pays to get you medically stable wherever you are and get you to the medical facility and doctor of your choice,” Greenberg said.

Financial security

This year, Squaremouth estimates that travelers will spend at least 25% more on travel, with millennials seeing the biggest increase in spending.

“With prolonged economic uncertainty, travelers are becoming more budget conscious and changing their spending habits,” says Squaremouth.

Protect your trip by adding travel insurance. Shop now from a variety of trusted and rated providers.

If you incur potential losses due to delays, cancellations or lost items, travel insurance is a small price to pay for protection. Insurance cost depends on various factors including your age, geographical location, total cost of the trip and more coverage You need.

Generally speaking, you should pay no more than 10% of your total travel expenses. The US Travel Insurance Association (USTIA) predicts that it will be even less – between 4% and 8% of your trips.

“The main reason most travelers buy travel insurance is for trip cancellation benefits. Trip cancellation-style travel insurance policies can refund your prepaid and non-refundable trip expenses if you can’t travel for a covered reason, such as illness or injury, inclement weather or terrorism. Assault, among others,” notes Squaremouth, adding that insurance can reimburse you 100% with trip cancellation.