Let’s have a look at the two most common travel insurances. These are travel medical plans and vacation plans.
Travel medical plans are similar to the insurance plan you have back home but they cover you extensively for the duration of your trip abroad. The focus of travel medical plans is on emergency evacuations and medical expenses. Which means that if you were to purchase a plan such as this, you will not be covered for lost/delayed baggage and interrupted/cancelled trips.
Don’t settle on the first plan you see because there are a few travel medical plans that offer coverage for pre-existing conditions, long-term travel, and multi-trip and renewable protection.
Vacation plans include trip cancellation and also provide more coverage such as evacuations, lost/delayed baggage, trip cancellations, medical emergencies and many more.