Life can be unpredictable; from one exciting moment to the next, we don’t know what the future holds. This is why planning ahead is a crucial aspect of being human. When you plan, you prioritize preparation for whatever comes your way and ensure that life’s surprises don’t leave you or your loved one’s without a plan.
One of the most effective ways one can avoid bearing the weight of inadequate preparation for unwanted or unexpected events is by having proper insurance.
This article will discuss different types of travel insurance.
Why is it so crucial for one to have travel insurance?
Insurance as an umbrella term is a precaution against the mishaps any of us may come across. It helps reduce the risks of damage to financial stability at the hands of life’s unfortunate and unpredictable circumstances.
Travel insurance just ensures that you are covered no matter where you are in the world. It’s a sure way to ensure that your distance from home does not leave you stranded in times of emergency. This means that as a traveler, you can enjoy your travels with the peace of mind of knowing that you are protected.
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Different types of travel insurance to consider for your next trip.
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Schengen Travel Insurance
The Schengen travel insurance was specifically designed to meet the Schengen visa requirements. In order to get a Schengen visa, travel insurance is mandatory with some required limits. Compared to other types of travel insurance products, the Schengen covers are usually quite basic but they are still covering you to face the unexpected. For instance, the emergency medical expenditures are covered up to EUR 30,000.
Some of the benefits provided by this coverage include the following:
- Money to cover medical expenses from hospitalization
- Family member visitation
- Loss of travel documents
- Dental cover
- Emergency medical expenses
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Single Trip International Travel Insurance
Travel insurance for a single trip is the most standard product and covers any overseas trip for a certain number of days. It only covers one journey, from one day to a maximum of 90 days. Single-trip travel insurance is designed to pay for medical costs that occur while you’re away. Still, it can also cover accident insurance, emergency evacuation, lost luggage, trip cancellation, and delays.
Allianz Single Trip International Insurance has been developed to provide adequate travel insurance when you go abroad. Safeguard yourself, your family, your possessions, and so much more throughout your trip in case of mishaps, illnesses, or other travel annoyances.
The single-trip travel insurance options cover any journey you take that is shorter than 90 days. To ensure that the policy’s validity corresponds with your trip, you must enter your trip’s start and finish dates at the time of purchase.
The worldwide travel insurance policies are Schengen visa compliant, but they also include extra coverage for trip cancellation, delayed personal property, and missed departures. It protects you across the world, not just in Europe.
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Some of the benefits provided by this coverage include the following:
- Emergency Medical Evacuation
- Emergency Family Travel
- Personal possessions
- Missed Departure
- Flight Overbooking
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Annual Multi-Trip Travel Insurance
This type of travel insurance covers you for multiple trips in a year. The benefit of this insurance is that you will not be required to purchase travel insurance every time you choose to travel that year.
Allianz offers Multi-Trip travel insurance that is specifically ideal for frequent travelers.
Throughout the year, these plans will cover any vacations that are less than 90 days. These travel insurance solutions are perfect for those who frequently travel throughout the year.
Some of the benefits provided by this coverage include the following:
- Trip cancellation
- Emergency Medical
- Dental
- Loss of travel documents
- Delayed personal possessions
About Allianz Travel
Allianz Travel is a comprehensive travel insurance and assistance company providing end-to-end insurance solutions to travelers who enjoy globe-trotting. Allianz Travel has experience spanning over 30 years, offering outstanding services and products to tourists from around the globe. Allianz Travel’s global headquarters are in Paris, with regional offices in more than 28 countries. If you need travel insurance, look no further than Allianz Travel. Get in touch today to learn more about our products and services.
Website link: https://www.allianz-assistance.ae/en