It is always adventurous to travel to a foreign country, no matter whether you are going on a single trip holiday with friends or making a business trip to the other side of the world. A comprehensive worldwide travel insurance policy can give you the perfect asset protection and peace of mind you need. Use the following questions and their answers to find the best deal available on the market.

1) Does the worldwide travel insurance policy include all countries in the world?

In general, it is supposed to include each and every country in the world. However, some insurers reduce their risk by excluding some countries from this list. These are usually high-risk countries in which an accident endangering your belongings and wellbeing is more likely to occur. Commonly excluded countries at present are Afghanistan and Sudan, to name a few. You should definitely check the list of countries excluded from the policy you plan to purchase, if any.

2) Can I get a more affordable deal if I am travelling to a single country or continent?

Yes, there is such possibility. The different insurers offer different options to their clients. Often you can get a worldwide cover excluding the USA and Canada. European Union nationals can get considerably cheaper deals, if they are travelling to EU countries only. Still, you may not be able to secure a lower rate, if you are travelling to a single country only.

3) What types of worldwide travel insurance are available?

You can select from a variety of standard packages. You can purchase single trip holiday insurance or a multi tip policy. You can opt for family or group coverage as well. There is also permanent coverage available to travelers taking long trips that last between two or three months and a year. Student gap year packages, such as Global Student USA, are also readily available.

4) Do I qualify for worldwide travel insurance?

Usually, many companies do not sell insurance to foreign nationals, even though in many cases only citizenship is required. Most companies have age limits for the different policies they offer. In most cases, the upper age limit is 74 year. Still, many companies offer multi trip policies only to individuals under the age of 65. Gap year and student policies are usually available to individuals between 18 and 35 years of age.

You will not qualify for a standard worldwide travel insurance policy if you have pre existing medical conditions. However, many insurers offer special packages to travelers with such problems, after conducting an interview and/or carrying out a medical evaluation. In general, special travel insurance, such as heart attack travel insurance, will cost you more.

5) What and how much coverage should I purchase?

You can select from a wide range of worldwide travel insurance packages. It is up to you to decide what types of cover and how much of each to buy. In general, you should get the standard covers, including medical emergency expenses, trip cancellation, lost, stolen or damaged baggage and personal liability coverage. You are highly recommended to get coverage that gives you airline ticket protection, given the failures of many companies recently.

It is best to buy as much medical expenses coverage as you can afford. You can readily decide to reduce the amount of other types of coverage, if the items you are insuring are not of great value. For instance, you can reduce your baggage coverage, if you have only a couple of shirts and pants in your back pack.

6) How can I save on worldwide travel insurance?

There are many ways in which you can save on a policy. If you have international health insurance, from AXA PPP Healthcare, for instance, you can readily choose to buy a minimal amount of medical expenses coverage. This option is particularly suitable for those with jobs overseas.

You can save on insurance by shopping around online and comparing multiple quotes from different companies to find the deal with the lowest rates. A lot of companies offer discounts if you make a policy purchase instantly online. In this way, you can save up to 20% and even more on deal.

Use this FAQ guide on worldwide travel insurance to get the best deal and have the best trip ever. Do not miss to check your eligibility as well as the different options for saving on a policy.

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