Travel Insurance covers trip incidents that can vary in types and the amount of compensation. Here, we have to take into account the following main points:
The period of the trip
There are three principal policies depending on the length: short-term (if we plan to travel up to 3 months), long-term (for the period up to one year) and expatriate.
Destination
Cost of insurance policy is determined by what country we are going to visit and strongly depends on legal system formalities and prices for medical care in the given state.
When traveling to distant, exotic countries or isolated islands it is recommended to inquire the agent of availability of emergency care in the region as well as the list of nearest hospitals.
High-risk activities
Most of the policies are not supposed to cover risky deeds and refer them to the exceptions like: self-made injury, suicide, mental disease, prior medical conditions.
If we plan to do sports including those of hazard we need to be ready to pay more.
A standard insurance policy includes: emergency medical care, medical transportation (cost of the way to the nearest hospital, that may be in different country); communication with the service company; tour cancellation or delay due to some circumstances (sometimes includes the cause of visa refusal); delayed or lost luggage; advisory and other assistance.
Thus, before taking a choice it is important to pay attention to the reputation of an insurance company, the amount of cover offered; the scheme of the provided aid and all details of the policy terms. Availability of a deductible can be a very convenient option in case of interest to reduce the expenses. A deductible is a type of specified contribution towards the cost of a claim, stipulated on certain insurance policies as being payable by the policyholder. This variant is also good for long-term trips and the expatriates.