Nell Zhoie April 9, 2018

Whether you are planning to go on a vacation, month-long honeymoon, or studying abroad, getting a travel insurance can smooth things out in the event of an emergency during your travel.

The best travel insurance for you can literally be a lifesaver such as paying for stolen property, expensive medical care, or the costs of cancelling your travel.

The following are your insurance options if you love traveling. Once you have a full understanding on each travel insurance, you’ll find it easier to choose which plan is best for you.

  • Package Plan

This package plan delivers coverage for medical emergencies, cancellations, hurricanes, interruption, evacuation, delayed, stolen, or lost baggage, and more. This is the most popular travel insurance plan because it meets the requirements of most travellers abroad.

This is the only plan that covers trip cancellation and additional benefits, earning the name “package.” This travel insurance plan is ideal for:

  • Domestic or foreign travel
  • General travel or vacations
  • Cruises
  • Family trips
  • Any traveller who is worried about losing money because of a cancelled trip

This plan is known for various names including Vacation Insurance, Travel Insurance, Trip Insurance, Comprehensive Travel Insurance, or Trip Cancellation Insurance.

  • Travel Medical

This insurance option offers emergency medical coverage when you are travelling abroad. This plan provides insurance for medical emergencies, emergency evacuations, repatriation, and accidents.

In most instances, travel medical plans incorporate comprehensive benefits, but are often limited. Travel medical insurance plan prioritizes medical and evacuation coverage. Moreover, this plan is ideal for:

  • Vacations abroad
  • Travellers leaving or vacating their home country
  • Business trips abroad
  • Emigrants or expatriates
  • Long-term study or work abroad

Travel medical plan also goes by the names Travel Health Insurance, International Travel Insurance, an International Medical Insurance.

  • Medical Evacuation

This plan provides insurance for international security evacuations and emergency medical evacuations. Likewise, it prioritizes emergency evacuation services which can take you to a nearby hospital or return you home.

Medical Evacuation plans are ideal for:

  • Vacationers in a foreign country
  • Cruise travellers with health insurance coverage
  • Any traveller who worries about emergency medical evacuation expenses
  • Travel Accident

This provides international accident protection and term benefits for recurring travellers. Further, it focuses on accidental death and dismemberment (AD&D).

The term life benefits are effective when the insured is traveling on an insured trip. The same goes for travellers during their annual coverage period. It all depends on the plan you apply for.

Moreover, Travel Accident plans are ideal for travellers who worry about having AD&D and life insurance.

  • Annual Travel Insurance

This type of plan is more common and useful since it provides a myriad of coverage in one suitable plan. Likewise, it covers you for a year’s worth of traveling domestic or abroad.

Annual Travel Insurance plan is ideal for:

  • Business travellers
  • Frequent travellers
  • Students who study abroad
  • Retirees who love travelling
  • Specialty Plans

Lastly, specialty travel insurance plans cover one-off necessities such as term life, car rental, and various types of coverage. The focus here is filling the gaps between the insurance you already have back home and for your travel needs. This plan is ideal for:

  • Term life insurance coverage
  • Travellers concerned about a particular travel risk
  • Corporate kidnap, extortion and ransom coverage
  • Road trip and car rental collision coverage
  • Medical travel coverage


Now that you know the different insurance options, which one is the best for your next travel abroad? DarrasLaw can help weigh your options, and they can handle issues concerning group and individual long-term disability insurance claims.