There are many decisions families need to make when planning a trip, and whether or not to get travelers insurance is one of them. For some families, this feels like an “easy” decision, but others may wonder if the extra money is worth it. There are a lot of “what ifs” while traveling with kids, so it’s good to consider all your options before leaving home.
First, what’s the difference between trip insurance and traveler’s insurance? They may seem like the same thing, but they are very different. Trip insurance is used to cover any financial loss related to your trip (like canceling or needing to leave early). Trip insurance can also be called “travelers’ assistance”, which further confuses the two. Travelers’ insurance (sometimes travel medical insurance) is used to protect people and can help cover any medical attention needed while traveling. Thinking you should you get travelers’ insurance before your next family trip? Here are 5 reasons to help you decide what’s best for your children!
As a parent, you already know accidents happen easily – broken legs, cuts, food poisoning, etc. Having travelers’ insurance will give you peace of mind just in case. Plus, knowing you can access medical attention quickly and easily while traveling will allow you to enjoy your trip that much more!
Your health insurance plan may not cover you outside of your home country
In many cases, health insurance plans only cover what is in “network”. This may be very limited within your country and while traveling internationally. Having no coverage outside of your home country could be costly and could limit your options.
Your international health coverage is limited and going to a hospital would be cost-prohibitive
Traveling is already expensive! There’s no need to add the extra expense of stitches or a broken leg. If your health coverage is limited outside of your home country, and seeking medical attention while traveling would hurt you financially, having traveler’s insurance would save you money (and heartache).
Medical attention abroad can be complicated
Health coverage across the globe is not created equal. Having specific travel coverage means you will have options and that (likely) it will be the insurance agency dealing with some of the complicated questions and billing.
The insurance will likely be less expensive than a hospital visit
Often, you can add travelers’ insurance to your existing health insurance plan or a trip booking for very little. I’ve seen add-on coverage as low at $30.00, which is pennies compared to an emergency appendectomy or doctor’s visit and antibiotics for strep throat.
Before signing up for a plan, be sure to check your current medical insurance, your major credit cards, and your homeowner’s insurance first. Some of these may cover medical attention while traveling and may have a temporary plan you can add to your existing coverage for the length of your trip (or may also include trip insurance coverage!). When looking for plans, read the fine print of what they cover and where. Costs vary, but so does what is actually covered. Knowing the costs compared to what is covered will allow you to make the best decision for your family.