When planning a move abroad, travel insurance might not be the first thing on your mind, but it’s a must-have. Regardless of the country you’re traveling from or to, travel insurance provides protection and security. Whether you’re living abroad for work, study, or retirement, you can enjoy peace of mind when you’ve got extensive travel insurance coverage. You can explore your new area and grasp every opportunity you can, knowing that you have financial protection against travel-related issues and medical emergencies.

Because there are so many different types of travel insurance and each provider offers unique services and policies, it can be difficult to figure out which plan is the best for your needs. This travel insurance guide will provide all of the information you need to know about travel coverage as an ex-pat to help you find a great policy. 

What is Travel Insurance?

Travel insurance refers to a type of coverage that protects you in the event of travel-related problems, such as trip cancellation, lost or stolen luggage, and natural disasters in your destination country. Should you experience any of the above issues when traveling abroad, you can claim compensation through your travel insurance policy to get financial coverage or rearrange your travel plans. Your insurance provider will aid you in resolving travel-related problems, and some also cover medical emergencies.

Factors to Consider When You’re Choosing a Travel Insurance Policy

No matter what your destination, whether it’s a long-term trip to Jamaica or the Mediterranean, there are several things that you need to consider in order to find the most suitable travel coverage for your needs. Here are the most important things to look for when searching for travel insurance.

Policy type

Travel insurance policies vary greatly from one plan to the next there are several different types of policies that offer varying levels of coverage. Even the same type of insurance policy can vary in coverage and services between providers.

The travel insurance types available as an ex-pat include single-trip, multi-trip, family, and worldwide travel insurance. You may also come across special policies offering unique coverage for less common circumstances.

A single-trip policy might suffice if you’re moving abroad and don’t plan to travel out of your new country. However, a multi-trip plan is better if you plan to visit your family at home frequently or travel to multiple areas in your destination country.

If you find a great travel insurance provider, make sure to read through their available policies. If you’re unsure of anything, contact the provider directly and gather more details before signing up for a travel insurance policy.

Policy features

Most travel insurance plans to cover the basics, including flight cancellations, stolen or lost baggage, changes in your destination country that make it unsafe, and medical emergencies while you’re traveling abroad. However, each travel insurance policy provides a specific level and type of coverage. If you want particular features or additional protection, you will need to choose a policy that offers these services.

Again, if you’re uncertain whether a plan offers the coverage you require, double-check before committing to a paid insurance plan. You may be unable to cancel or adjust your travel insurance policy after signing up for it, so double-checking will avoid future complications.

If you would like medical coverage as part of your travel insurance plan, this is something to look for when searching for a policy. Travel insurance may enable you to access basic healthcare services. However, if you require specialist treatment for pre-existing conditions or you want extensive healthcare coverage, you’ll need to sign up for a separate comprehensive health insurance policy.

Policy price

Price is a key factor to consider when you’re on the search for a great travel insurance policy. Insurance can be expensive, but there is no shortage of affordable policies nowadays. Generally, a cheaper policy offers less coverage than a more expensive one. However, if you only require basic travel coverage, choosing a cheaper plan will save you money and prevent you from paying for coverage you don’t need. 

You can still find relatively cheap policies if you want an extensive travel insurance plan. Use a travel insurance comparison website to look at a variety of plans and identify which offers the coverage you need. Call each provider for more information to help you make an informed decision.

Providers often offer payment plans to make paying for your travel insurance more affordable. You may be able to pay a smaller amount per month or pay for your insurance using a loan that you pay back over the course of the year. Each provider is different, so contact each one directly to see what they offer.