When you begin looking for Best budget travel insurance, there are a few things you’ll want to keep in mind:
Determine what type of travel insurance policy you need.
There are two basic types of travel insurance policies: comprehensive and medical-only.
Comprehensive travel insurance includes both medical and trip cancellation/interruption coverage. This type of policy is usually best for international travel, or for any trip where you have a non-refundable investment, like airfare or a cruise.
Medical-only travel insurance is just that—coverage for medical emergencies that occur while you’re traveling. This type of policy is usually ideal for domestic travel, or for trips with minimal financial investment.
Determine what medical coverage you need.
If you have a comprehensive travel insurance policy (or even a medical-only policy), you’ll want to make sure it offers the right level of medical coverage for your trip.
There are three basic types of medical coverage:
- Emergency medical coverage pays for the cost of emergency medical care while you’re traveling. This includes ambulance transportation, hospital stays, and emergency dental work.
- pays for the cost of emergency medical care while you’re traveling. This includes ambulance transportation, hospital stays, and emergency dental work. Emergency evacuation coverage pays for the cost of transportation to a medical facility in the event of a medical emergency. This may include air ambulance transportation or ground ambulance transportation to a hospital.
- pays for the cost of transportation to a medical facility in the event of a medical emergency. This may include air ambulance transportation or ground ambulance transportation to a hospital. Repatriation of remains coverage pays for the cost of transportation of your body back to your home country in the event of your death while traveling.
