travel insurance Overview
It's coming up on summertime, and many Americans are looking forward to much-needed vacations. As they book their flights or reserve their hotel rooms, there's a good chance someone will ask them the following question: "Would you like to add travel insurance to protect your trip?"
A number of folks jump at this offer, out of fear or simply out of impulse, and the U.S. Travel Insurance Association estimates that about $1.9 billion in policies are sold annually, according to the most recent numbers.
So should you add travel insurance to your trip? And if so, what should you look for in a policy?
The good news is that providers offer a menu of services, from which consumers pick and choose.
Some of the most common options:
•Medical. If you have ever come down with a bad stomach bug and got frustrated locating a gastroenterologist in your hometown, just imagine that search in the jungles of Cambodia. Medical travel insurance can help provide coverage to limit out-of-pocket costs.
•Evacuation. If you're abroad and must deal with a natural disaster or political unrest, getting to a safe place in a strange land is a harrowing experience. It can also be incredibly expensive. Travel insurance can help cover the cost of getting out of harm's way.
•Cancellation. More painful than suffering a last-minute injury that ruins your trip can be the realization that you can't get back the big bucks you paid for travel arrangements or a tour. This kind of travel insurance also covers cancellations due to other problems, including if your tour provider goes bankrupt or an airline delay causes you to miss your event.
•Baggage. Nothing ruins a vacation faster than lost, damaged or stolen luggage. But at least being covered will provide some reimbursement for that new bathing suit you're forced to buy upon arrival.
•Death and dismemberment. Similar to typical life insurance, this option provides your heirs with a payout should you die during your trip.
Should You Buy Travel Insurance?
If you're a worrier, it's difficult to put a price tag on peace of mind. But even the most nervous of travelers should think twice about certain areas of travel insurance, because the benefits are extremely limited or because you may be covered elsewhere.
Travel Medical / Health Insurance
Travel Health Insurance protects you in the event of an illness or injury when travelling outside of your country of residence.
Travelling abroad is an exciting experience, but unpredictable illnesses and accidents can happen. Even worse, the resulting medical bills can be overwhelming. The level of international medical coverage provided by your domestic insurance provider can vary greatly depending on your plan, so you may have very limited coverage or no coverage at all.
To help you get the most of your global experience, IMG® offers several international travel medical insurance plans to protect you while you are travelling abroad. These plans include a wide range of medical benefits, protection, and support should a health problem arise. Whether you are traveling for vacation, school, adventure, business, or social good, IMG is here to provide you with Global Peace of Mind®.
Health Insurance - Longterm
International Health Insurance provides long-term cover to people living or working outside of their home country, typically for one year or longer.
These plans are ideal for expats and their families, individuals with dual residences, multinational employers, and more. Being a global citizen can be an exciting experience, yet one that can pose many potential risks. Your health care abroad should not be one of those concerns. IMG® offers a revolutionary program that offers flexible worldwide coverage you need, backed by the world-class services you expect.
Unlike other international medical insurance plans on the market, Global Medical Insurance allows you to custom build a plan that is specifically tailored to you. The program provides comprehensive benefits suitable for individuals and families, provides fully portable 24 hour coverage, and gives you the global piece of mind you are seeking. Additionally, the plan was designed to provide long-term, worldwide medical cover that allows you to receive and continue treatment wherever you choose.
Travel Trip Insurance
Travel Trip Insurance is the best way to protect your trip investment from the unexpected. We realize that traveling is an exciting experience and anything can happen while you are away from home.
Our specially designed travel insurance plans paired with our world-class service provide you with the coverage and confidence you need. Wherever your travels take you, we offer worldwide coverage with multilingual capabilities and international claims specialists to protect you during cruise travel, student travel, vacation travel, and much more.
IMG® Travel Insurance plans provide coverage for a number of potential financial losses including trip cancellation, baggage delay, emergency medical evacuation, and some additional medical benefits. These plans are issued to cover the duration of the trip booked, which means you are protected for trip interruption should an emergency arise during your trip, or should anything happen just before your trip, some plan options allow you to cancel for any reason.
IMG (International Medical Insurance Group) is one of the most popular company offering health, life, travel and indemnity insurance to the international community. IMG provides international medical insurance products includes servicing vacationers, those working or living abroad for short or extended periods, people traveling frequently between countries, and those who maintain multiple countries of residence. They offer comprehensive range of major medical, life, dental and disability products that can be tailored to meet individual specifications.
They have established a number of subsidiary companies: IMG-Stop LossSM, iTravelInsured, Akeso Care Management, IMG Europe and The IMG Foundation. IMG provides complete plan administration expertise with the help of globally recognized underwriter, Sirius International Insurance Corporation, who offers the financial security and reputation demanded by international consumers. It is Rated A (excellent) by A.M. Best and A- by Standard & Poor's*
Easily manage your IMG insurance policy online by logging on to MyIMG to renew or extend your policy, download your policy ID card, make any necessary corrections to your policy, obtain a visa letter, locate healthcare providers, and more. To log on, simply enter your policy information as requested.