Travel Insurance Comparison

When it comes to travel insurance, we often don’t realize its importance until a situation occurs where we need it. You could miss your flight due to a car accident on the way to the airport, or your airline could lose your bags on your departure flight to a 10-day backpacking trip in Europe. For these reasons, and so many more, travelers are utilizing travel insurance to ensure that they have the coverage they need when life doesn’t go as planned. But once you’ve made the smart decision to get travel insurance, the next decision becomes which type to choose. This travel insurance comparison provides insight into three different types of insurance plans to help you determine which one may be right for you.

Single-Trip Insurance

Single-trip insurance covers exactly that: a single trip. One of the greatest advantages of this type of insurance plan is that it provides you with the flexibility to select options based on a specific trip, whereas the multi-trip insurance plan requires you to select your coverage in advance for the entire year.

• Ideal for: Travelers who only take one to two trips per year, or whose trips differ greatly in purpose and may require different coverage. 
• Coverage: Most single-trip plans cover reimbursement for cancelled airfare, guide fees, facility fees, lost baggage, and medical emergencies.
• Recommended Add-Ons: If you plan on renting a car during your trip, consider adding RoamRight’s Renters Collision Insurance* to your coverage.

Multi-Trip Insurance

Multi-trip insurance, also referred to as annual travel insurance, provides coverage for up to four trips throughout the year, so long as each trip is 30 to 90 days in duration, depending on the plan you purchase. One of its greatest advantages compared to the single-trip option is that you don’t have to re-purchase insurance policies throughout the year.

• Ideal for: Frequent travelers who take several trips within a year.
• Coverage: Similar to the single-trip plan, it covers trip cancellations and trip interruptions. So if you have to cut a trip short due to an unexpected emergency, you may be reimbursed for the portion of the trip and the activities you pre-paid for, but did not complete. It also covers lost baggage and includes medical insurance.
• Recommended Add-Ons: If you plan on skiing, snowboarding, snowmobiling, mountaineering, jet skiing, parachuting, bungee jumping, scuba diving, or participating in an extreme sport on your trip, hazardous sports coverage is a must. It covers up to the accident and sickness medical expense selected.

Medical Insurance for International Travel

Medical insurance plans, such as RoamRight’s (Outside U.S.) Travel Medical Insurance Plan can reduce your medical deductibles and increase your options for treatment if you become injured or ill while traveling internationally. It also covers trips up to 360 days in length.

• Ideal for: International travelers whose regular health insurance doesn’t cover trips outside the U.S.
• Coverage: Benefits may include Emergency Accident and Sickness, Emergency Medical Evacuation or Assistance Services, which can be used to find the physician or hospital nearest to your location.
• Recommended Add-Ons: An optional sports upgrade, which provides coverage for active travelers participating in adventurous activities that aren’t typically covered by regular emergency travel insurance. Consider our Adventure Plan or our Active Plan (for less adventurous trip activities).

Still unsure about which travel insurance coverage is right for your trip? Gain further insight about important travel coverage to consider through our SlideShare presentation, “Travel Insurance Benefits,” or call RoamRight at 1-800-699-3845 to speak with one of our customer service representatives.

*Not available to Texas residents.

 What travel insurance plan do you purchase when you travel?

Note: Available plans and coverages may have changed since this blog was published.