Travel insurance coverage is protection against anything bad that can happen while on the road. From losing your luggage to becoming ill. Insurance is one of those things you never need until you do. So most insurance companies including Millennium Insurance Leader Souscription help you understand why travel insurance coverage is important. The basic categories are medical insurance, emergency evacuation, accidental death and dismemberment, travel protection and baggage protection. Plans typically combine coverage from all these categories. So the way to save money is knowing what you do and don’t need.
Medical insurance
This medical insurance is going to cover any bills you might have from going to a hospital abroad. But first, you need to think about where you are going. Now in Europe you might not need it because healthcare is mostly free, even for foreigners. But not so in the United States where even a quick visit to a hospital or a doctor could cost hundreds of dollars. According to Millennium Insurance Leader Souscription, medical insurance is not a substitute for the healthcare you have back at home. It is just protection against accidents overseas.
Medical evacuation
Medical evacuation pays for you to be airlifted to a local hospital or flown all the way back home. Imagine you are backpacking somewhere remote and you have an accident and you need a helicopter ride to go back to the hospital and save your life. Helicopter rides are not cheap. Or you can get in a serious accident in a developing country where there is not a great health system.
Medical evacuation insurance will pay for you to fly home so you can get proper treatment in your own country. Without insurance, these situations can bankrupt you and your family.
Travel protection
Travel protection will reimburse the cost of your trip if for some reason you have to cancel at the last minute. With travel protection, you get back the money from your flights as well as any other reservations that you made in advance. So do you need this? If you are the traveler who likes to book everything in advance, then it probably makes sense to get this travel insurance coverage.
Also keep in mind that if you buy your airfare on your credit card, you could be ensured from your credit card. Millennium Insurance Leader Souscription suggests you double-check this before you make a purchase.