Types of Travel Insurance Plans

It’s more necessary than ever to get travel insurance while planning a vacation in these unpredictable times. So, what exactly is the purpose of purchasing travel insurance? There are different types of travel insurance plans. The short answer is that they all provide coverage for unanticipated circumstances that may arise while traveling.

This post will give you a short description to help you understand travel insurance. More importantly, you’ll get a good description of the different types of travel insurance. At the end of this post, you should be able to tell what you need.

Brief Description of Travel Insurance

You’ll be covered by trip (or travel) insurance when something goes awry before or during your trip. Such unforeseen circumstances may be a severe weather that stops you from boarding a plane or fracturing your leg while skiing.

As of 2018, over 65.8 million persons have travel insurance protections, a 49% increase over 2016. Due to the COVID-19 pandemic, their numbers are expected to keep rising.

Numerous firms offer travel insurance plans, and the coverage might differ from state to state. Hence, it is difficult to choose the best one.

According to some research, the World Nomads Explorer Plan is the finest travel insurance, provider. This is because of its comprehensive pre- and post-trip benefits coverage.


Types of Travel Insurance Plans

The most challenging element of purchasing travel insurance is deciding what kind of policy to get. If you’re planning a vacation, you’ve probably heard that buying travel insurance is smart. You’ve got the ball rolling by doing some web digging. The search for information has taken you to a few websites.

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Your question remains, “How do I know what kind of plan I need?”

Buying the wrong plan is not an option. To avoid unpleasant surprises, be certain you have the coverage you need. It’s a lot easier to shop for a policy when you know what to look for and what to avoid. Below are the different types of travel insurance plans with a breakdown of them.

Comprehensive Trip Insurance

This type of travel insurance plan may also be called a package plan. Most people think of comprehensive trip insurance in terms of a bundle deal when they think about travel insurance.

Some others call this Trip Insurance, Vacation Insurance, Comprehensive Travel Insurance, Trip Cancellation Insurance, or simply Travel Insurance, among others.

There are a variety of benefits included in a travel insurance package. These include covering for unforeseen circumstances such as flight delays or cancellations, medical crises, evacuation, lost or stolen luggage, and more. As a result, this is the most preferred option for vacationers.

The key distinction is the availability of cancellation insurance. A few plans provide this, and they’re all “Packages” with all the other perks. In the event of a trip cancellation, there is no stand-alone insurance.

Package Plans are perfect for the following:

  • Cruises
  • Traveling vacations
  • Trips with your loved ones
  • Traveling inside the country or abroad is an option.
  • Any tourist worried about missing out on a trip because of a canceled one 

Travel Medical Insurance

This covers you in the event of an emergency while you are away from home. Travel Health Insurance, International Medical Insurance, and International Travel Insurance are some common names for this type of insurance.

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In the event of an accident or illness, and an emergency medical evacuation or repatriation, this plan will cover the costs. Medical and evacuation coverage is the primary emphasis of this sort of travel insurance plan, which may contain certain comprehensive features.

Having medical insurance coverage when traveling is a great idea for:

  • Inbound and outbound tourists (U.the S. and non-U.S. citizens)
  • Going on a trip to another country
  • Foreign business excursions
  • Work or study abroad for an extended period
  • Expats who have relocated to another nation

Medical Evacuation Insurance

Plans for medical evacuations, or Medevacs, provide a covering for both medical and security evacuations in the event of an emergency. These plans focus on evacuation services to get you to a hospital or back home in an emergency. Planned medical evacuations are ideal in these situations:

  • Passengers on cruise ships who have health insurance
  • A trip to another nation for a vacation
  • Travelers that venture to distant areas
  • Anyone worried about the expense of an emergency medical evacuation

Travel Accident Insurance

Travel accident insurance policies offer worldwide accident coverage and term life insurance for frequent travelers. In this sort of plan, the insured’s AD&D (accidental death and dismemberment) and term life insurance benefits are considered. They apply only when the insured is on an insured trip or during their yearly coverage period as the plan provides. This plan is best for every tourist concerned about having AD&D and life insurance.

Specialty Insurance Plan

There are several sorts of specialty travel insurance plans. This includes those for automobile rentals, term life insurance, and other types of coverage that supplement the traveler’s existing insurance policies.

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Specialty insurance is the best option for

  • Coverage of corporate kidnapping, ransom, and extortion
  • Rental car collision and travel insurance are included.
  • Long-term care insurance
  • Coverage of medical tourism
  • Anyone who has a specific travel risk in mind

Annual Insurance Plan

For those who travel frequently, annual travel insurance policies are more widespread and helpful than they may expect. They combine several coverages into one manageable plan that covers you for the entire year. Travelers, academics, businesspeople, and even retirees who frequently travel like the ease of having the same coverage year-round.

Annual budgets are excellent in these situations.

  • Travelers regularly
  • Travelers on official business
  • Anyone who makes several journeys each year


The exciting thing about travel insurance is that there’s a plan for everyone. The reason why many people end up complaining is that they couldn’t get enough information before their purchase. This post has given the information you need on the different types. 

Therefore, all you need to do is go through it thoroughly and select the plan that suits you. Have a splendid trip afterward. 

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