International travel insurance is recommended for anyone traveling abroad, as accidents can occur at a moment’s notice. Many adventurous travelers overlook paying for travel insurance as they try to plan budget vacations without adding “unnecessary” costs. However, in the case of misfortune, failing to purchase travel insurance can lead to serious problems and costs can quickly add up. For a student traveling or living abroad for extended periods of time, travel insurance is absolutely indispensable. Students are young, looking for adventure and at times irresponsible and careless. Add this carefree spirit to a foreign location where students may be unfamiliar with the local customs and you have a potential recipe for mishap. Finding reasonable travel insurance premiums to cover your student travels can be accomplished by comparing different companies to find the best rate, as well as by following a few tips to receive discounts.
A quick and easy way to lower travel insurance premiums is to research which insurance plans are available. The appropriate insurance plan to cover your student traveling to a foreign county must be purchased before departure. Securing travel insurance before your student leaves the country will cover the cost of flights in the case of last minute cancellations due to unexpected circumstances. It will also cover the risk of lost luggage, or an unforeseen accident or health emergency during travel to the destination. The actual destination of travel has a great impact on the rate of travel insurance premiums. Choosing a relatively safe location, such as a first world European country with a low violence rate will be considerably cheaper compared to a third world country that is at high risk for war. Taking this into consideration, it is best to make sure a potential country to visit (or live/study abroad) is considered safe and stable.
As you compare online, you will find that many trip insurance plans offer the same types of benefits. However, cheaper plans may offer lower amounts of coverage for each benefit vs. higher amounts of coverage for each benefit on the more expensive plans. Make sure to weight the pros and cons of each benefit level and then choose the best plan to fit your student’s needs. A solid travel insurance plan can certainly be a big help if unexpected circumstances occur before or during your student’s trip.