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Long Term Travel Insurance: Ensuring a Secure Journey

Long Term Travel Insurance: Ensuring a Secure Journey

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Feb 02, 2024 (UTC +04:00)

A plan to travel the world for an extended period of time is an exciting experience. Moreover, the travel plan is not just a list of stunning places that you need to arrive at; it's got to include a lot of factors that can lead to your safety and satisfaction throughout your long trip.

Therefore, to have great experience stories about your trip, long term travel insurance is your reliable companion that protects you in case of unforeseen situations while you are abroad.

Long-term travel insurance is a factor in ensuring a thrilling and enjoyable experience.

1. What is Travel Insurance for Long Term Travel?

Long stay travel insurance, also known as long term travel insurance, is a type of specialty insurance meant to cover those who are organizing lengthy trips. Long stay travel insurance is designed for travelers who plan to stay longer than 30 days, in contrast to normal travel insurance, which usually covers shorter journeys.

This type of insurance offers a comprehensive safety net, addressing a range of unforeseen circumstances that may arise during an extended trip. Here are some key aspects of long term travel insurance:

1.1. Extended Duration:

Long term travel insurance is tailored for trips lasting an extended period, such as months or even a year. It recognizes the unique needs and potential risks associated with prolonged travel.

1.2. Coverage Components:

The coverage provided by long stay travel insurance is comprehensive. It includes protection against various contingencies, including medical emergencies, baggage loss, and other travel-related risks.

Long-stay travel insurance is a specialty insurance designed for travelers planning to stay longer than 30 days.

2. Who Needs Long Term Travel Insurance?

Not everyone may require long-term travel insurance, but for those embarking on extended journeys, it becomes a necessity. Here are some individuals who would particularly benefit from this type of insurance:

2.1. Gap Year Travelers:

Young adults taking a break from studies often embark on long-term travel experiences, making insurance crucial for covering unexpected medical expenses, trip interruptions, or emergency repatriation.

2.2. Digital Nomads:

Individuals working remotely from different locations throughout the world require insurance that covers their extended stays and protects their valuable equipment.

2.3. Long-Term Volunteers:

Volunteers dedicating their time and skills to projects abroad for extended periods need insurance to cover medical emergencies, trip cancellations, and potential legal liabilities.

2.4. Retirees:

Individuals seeking extended travel adventures in their retirement years require comprehensive insurance to ensure their financial security and well-being during their travels.

Long-term travel insurance covers unexpected medical expenses, trip interruptions, emergency repatriation, and more.

3. Factors to Consider When Choosing the Best Long Term Travel Insurance

Selecting the best long term travel insurance involves assessing various factors to make sure that you can determine the ideal coverage for your upcoming trip.

With various long-term travel insurance options available, choosing the right policy requires careful consideration of some key factors below:

3.1. Coverage Length:

Policies offer varying coverage durations, ranging from 90 days to 12 months. Determine the length of your trip and choose a plan that adequately covers your entire travel timeframe.

3.2. Medical Coverage:

Medical emergencies can occur anytime, anywhere. Opt for a policy with adequate medical coverage to ensure you receive proper treatment without incurring substantial expenses.

3.3. Baggage and Personal Belongings:

Ensure your valuables are protected against loss, damage, or theft by choosing a policy with comprehensive baggage and personal belongings coverage.

3.4. Activities and Adventure:

If you plan to engage in adventurous activities like scuba diving or trekking, choose a policy that have an add-on options to covers such activities.

3.5. Destination Coverage:

Some policies exclude certain regions due to political instability or high-risk environments. Therefore, you need to ensures your chosen policy covers all the destinations on your travel itinerary.

3.6. Price and Budget:

Consider your budget and compare quotes from different providers to find a policy that offers the desired coverage at a competitive price.

Choose a policy that covers your entire travel timeframe, ensures proper treatment for medical emergencies.

4. What Affects The Cost of Long Stay Travel Insurance?

Reviewing and comparing different long term travel insurance options are great steps for you to consider these factors, to find a policy that best suits your needs and budget.

4.1. Age of the Traveler:

Age plays a significant role in determining insurance costs. Older travelers may get higher premiums because insurers consider their health conditions and the increased health risks when assessing the procedure.

4.2. Travel Destination and Risk Assessment:

The destination of your long term travel significantly affects the insurance premium. When you plan to travel to regions with higher perceived risks, whether due to political instability or elevated health risks, can result in higher premiums. Hence, insurance providers evaluate the level of risk associated with a particular destination and adjust the cost accordingly.

4.3. Duration of Stay:

The location you plan to visit also affects the total cost of your policy because some destinations may have higher healthcare costs or greater risks, which can lead to higher premiums. Therefore, it's crucial to accurately estimate the duration to avoid underinsuring.

4.4. Coverage Limits:

The extent of coverage significantly influences costs. So, comprehensive plans with higher coverage limits tend to be more expensive. Understanding your needs and opting for adequate coverage is essential to strike a balance between protection and cost.

Accurately estimating the duration of stay and balancing coverage limits is crucial to avoid underinsuring.

5. Why Choose Long Term Travel Insurance from Travelner Insurance?

5.1. Explore the Variety of Long Term Travel Insurance from Travelner Insurance:

Travelner Insurance understand that "one size fits all" doesn't apply to travel insurance. That's why we offer a diverse range of plans to cater to different needs and budgets. Let's dive into the benefits of the most popular options:

a. Global Medical Insurance Policy - Best Plan for Long Stay Travel:

HIGHLIGHTS
	Bronze	Silver	Gold	Platinum
Lifetime Maximum Limit	$1,000,000 per individual	$5,000,000 per individual	$5,000,000 per individual	$8,000,000 per individual
Emergency Evacuation	$50,000 maximum per period of coverage.	$50,000 maximum per period of coverage.	Up to lifetime maximum limit.	Up to lifetime maximum limit.
Emergency Reunion	$10,000 lifetime maximum	N/A	$10,000 lifetime maximum.	$10,000 lifetime maximum.
Treatment Outside the U.S.	50% of deductible waived, up to a maximum of $2,500. No coinsurance.	50% of deductible waived, up to a maximum of $2,500. No coinsurance.	50% of deductible waived, up to a maximum of $2,500. No coinsurance.	50% of deductible waived, up to a maximum of $2,500. No coinsurance.
Treatment inside the U.S. using Medical Concierge	50% of deductible waived, up to a maximum of $2,500. No coinsurance.	50% of deductible waived, up to a maximum of $2,500. No coinsurance.	50% of deductible waived, up to a maximum of $2,500. No coinsurance.	50% of deductible waived, up to a maximum of $2,500. No coinsurance.
Treatment inside the U.S. - PPO Network	Subject to deductible. No coinsurance.	Subject to deductible. No coinsurance.	Subject to deductible. No coinsurance.	Subject to deductible. No coinsurance.
Treatment inside the U.S. - Non-PPO Network	Subject to deductible. Plan pays 80% of the next $5,000 of eligible expenses, then 100% to the overall maximum per period of coverage.	Subject to deductible. Plan pays 80% of the next $5,000 of eligible expenses, then 100% to the overall maximum per period of coverage.	Subject to deductible. Plan pays 80% of the next $5,000 of eligible expenses, then 100% to the overall maximum per period of coverage.	Subject to deductible. Plan pays 80% of the next $5,000 of eligible expenses, then 100% to the overall maximum per period of coverage.

b. Student Health AdvantageSM - Top Choice for Student Abroad:

HIGHLIGHTS
	Student Health AdvantageSM	Student Health AdvantageSM Platinum
Maximum Limit	Student: $500,000; Dependent: $100,000	Student: $1,000,000 & Dependent: $100,000
Medical Expenses	In-Network: 90% Out-of-Network: 80% International: 100%	In-Network: 90% Out-of-Network: 80% International: 100%
Covid-19 Medical Expenses	Covered and treated as any other Sickness	Covered and treated as any other Sickness
Emergency Medical Evacuation	$500,000 maximum limit	$500,000 maximum limit
Emergency Reunion	$50,000 maximum limit	$50,000 maximum limit
Student Health Center	Copayment per visit: $5	Copayment per visit: $5
Mental/ nervous	Maximum Limit: $10,000	Maximum Limit: $10,000
Intercollegiate/Interscholastic/Intramural or Club Sports	Period of Coverage Limit per illness or injury: $5,000	Period of Coverage Limit per illness or injury: $5,000
Maternity	N/A	Maximum Limit: $5,000
Personal Liability	Combined Maximum Limit: $10,000	Combined Maximum Limit: $10,000
Incidental Trip	Maximum 14days In-Network: 90% Out-of-Network: 80% International: 100%	Maximum 14days In-Network: 90% Out-of-Network: 80% International: 100%
24-Hour Accidental Death and Dismemberment	US$ 25,000	US$ 25,000

c. Patriot Multi-Trip Policy - Safety Net for Frequent Travelers:

HIGHLIGHTS
Maximum Limit	Age Under 70: $1,000,000 Age 70-75: $50,000
Medical Expenses	Up to maximum limit
Emergency Medical Evacuation	Up to the Maximum Limit
Emergency Reunion	Up to US$ 50,000 for a max of 15 days
Trip Interruption	Up to $5,000
Identity Theft Assistance	Up to $500
Lost Baggage	Limit $250, $50 maximum per item
24-Hour Accidental Death and Dismemberment	$25,000 principal sum

5.2. Travelner Insurance's 24/7 Services:

Travelner Insurance goes beyond providing just travel insurance; we also offer a comprehensive safety net and 24/7 support, which ensures you have access to the help you need whenever and wherever you need it. Let's Travelner Insurance is your 24/7 companion on your long term journey!

Conclusion

Long term travel insurance policy from Travelner Insurance is a safety net for individuals embarking on extended journeys, providing financial protection and peace of mind throughout their travel experience. It's a valuable investment for those seeking to explore new destinations for an extended period while ensuring they are covered against unexpected events that may disrupt their journey.