Surprise! Your General Insurance Might Not Cover Your Travel Plans

By Toni

A lot of people have the wrong idea about insurance. It’s not their fault, really — they’ve been sucked in by advertising and marketing campaigns that assure them that the insurance they take out is going to be everything they need. Unless you have a firm understanding of the insurance industry as a whole, you might end up making some less-than-wise decisions without realizing it.

For example, you might be a travel fan that already has health insurance. In your mind, you might assume that your health care plan is going to cover you even when you step out of the country. Why wouldn’t you assume that when the insurance rep assures you that you’re getting the best health insurance around? That would be just silly to think anything less than that. However, you’re going to need to think a little bit deeper on this issue — most of the advertising that probably covers your health care plan is limited to your country only. In most cases, this is the United States. So when you go international with your travel, you’re basically going to be out of the coverage area and thus your health insurance plan isn’t going to really matter. So what do you do? The idea of paying thousands and thousands in out of pocket expenses doesn’t sound very appealing at all, but it can be hard to figure out where to go next.

The answer is clear: travel insurance gets things done in a way that allows you to get on with your life. It’s better to get everything set up than to feel like you’re not going to be able to ever travel safely. Travel insurance is actually an umbrella term that covers a lot of different plans. There are travel plans that only cover disasters — plane cancellations, volcano eruptions, and natural disasters…that type of thing. There are medical insurance plans for travelers that you might be interested in.

One myth that people still seem to be buying into is that they think that they only need one insurance policy and that’s it. You might need to actually purchase more than one plan to make absolutely sure that you have things put together.

Are the same risk management factors going to come into play with travel insurance, the way it is with general insurance plans? Not as much — you can still find global medical insurance without a health exam. You still need to answer all questions factually to the best of your ability. If you have questions, that’s when you want to get on the phone and ask someone. Don’t just assume that you won’t have anything to think about, because you will end up just getting yourself disappointed in the long run.

Be sure to keep all of these things in mind as you’re looking at travel insurance. Yes, some people say that travel insurance isn’t necessary, or your credit card generally gives you all of the travel insurance you need. Before you just blindly accept this, do yourself a favor and check for yourself. That’s the best thing you can do in life — don’t just accept what someone else tells you about something — figure it out for yourself!