Wednesday, January 25

Why You Must Have Travel Insurance When Studying Abroad

Everyone knows that studying abroad is one of the most memorable experiences you can have in your life. Whether for a few weeks, months, or even a year – going to school in another country can be one of the most eye-opening and challenging times of your life.

Studying abroad for any period presents many unique challenges and uncertainties. You will leave home for an extended time, adjust to a new culture, make friends from different backgrounds, and learn a new language. There are so many things that can go wrong that student travel insurance can protect against. This article will discuss why you must have travel insurance when studying abroad.

What is Travel Insurance?

Travel insurance is a type of insurance that provides coverage for travel-related expenses and risks. It is based on the idea that the risk of something terrible happening is always present when traveling and that there is a cost associated with it. Depending on the type of policy, it can cover various aspects of your trip. 

Most travel insurance policies will cover medical expenses, including emergency medical evacuation, cancellation and interruption of trip, loss or damage to luggage, and dental care. It also covers travel-related accidents like getting robbed or experiencing the death of a close family member. Other types of coverage may include travel delays and interruptions.

Why You Should Buy Travel Insurance When Studying Abroad

If you have travelled, you know how quickly things can go wrong. When you add that you will be out of your comfort zone and far from home, it is easy to see how important it is to have insurance. There are so many things can go wrong when you are traveling, which can significantly impact your finances. Here are 5 reasons to get travel insurance when studying abroad.

Medical Costs

According to a study by the Department of Health and Human Services, the average out-of-pocket cost for an emergency room visit in the U.S. is $1,250. If you don’t have travel insurance, the medical costs for an emergency room visit could cost you about $1,250. 

Even more importantly, the study found that about one in three people who visit the emergency room for a non-emergency end up being billed for the costs of their visit. Travel insurance will protect you from these costs as it will cover the cost of your emergency room visit and any associated treatments.

Loss of Documents and More

As it turns out, losing your passport is one of the most common reasons people end up needing travel insurance. You might lose it while traveling, or it might be stolen while you are abroad. In either case, you could be stuck with no way to prove your identity or return home. Even worse, you could end up getting arrested. If this happens, you’re looking at a ton of legal fees to get released from jail and the cost of a new passport. Travel insurance can help cover the cost of replacing your passport and legal fees for getting out of jail. 

Theft and Loss of Property

You can never be too careful when traveling abroad. In fact, according to a report from the State Department, tourists are 16 times more likely to be theft victims. While it is crucial to stay on your toes, you may encounter instances where you have no control over the loss of your property. Fortunately, travel insurance can help you replace many things without costing you a ton of money. 

What to Look for in Travel Insurance When Studying Abroad

There are a few things that you should look for when purchasing travel insurance for studying abroad. First, look for a coverage that includes medical treatment and emergency medical evacuation. You should also look for a policy that covers cancellations and allows you to reschedule your trip if something comes up at home. 

 Bottom line

Studying abroad is one of the most memorable experiences of your life. It will challenge you, expand your worldview, and allow you to meet new friends and learn new skills. When studying abroad, it is essential to be careful and to prepare ahead of time. Don’t forget to buy student travel insurance and keep your valuables safe. With the proper preparation and precaution, you can have an amazing and memorable experience studying abroad.