How to Compare Rates on Group Travel Insurance
Group travel insurance is an insurance policy that covers multiple persons traveling on the same itinerary. Group travel insurance is often offered by tour operators or travel agents that arrange transportation, accommodations and tickets to events for one fixed group price.
Travel insurance policies may cover only a medical emergency or medical expenses and medical evacuation from your destination back to your home in the United States.
7 Steps to Compare Rates on Group Travel Insurance
1. Examine your personal medical insurance policy
Many policies provide coverage while traveling. These policies may be limited by distance or the amount of benefits, however. Many insurance policies will not provide coverage outside the United States. Senior citizens relying on Medicare or persons who have medical coverage through Medicaid should be aware that Medicare and Medicaid do not provide coverage outside the United States.
2. Determine if the policy you are considering places restrictions on activities while traveling
Many policies have clauses that prohibit or limit coverage on certain recreational activities such as surfing, skiing, rock climbing or extreme adventure activities.
3. Consider the size of your group
Most group travel insurance policies are written for groups of only 10 or more. If your group is substantially larger, discounts may apply. Review the small print to make sure that coverage remains if you break away and travel separately from the main group.
4. Carefully examine what kind of coverage the policy provides
Some comprehensive policies cover trip cancellation, disruptions, medical emergencies, medical evacuation and lost baggage. Compare the amount of coverage for each possible event. Although some policies offer coverage for these events, the coverage may be limited and may not adequately compensate the purchaser.
5. Inquire if the policy is age-related
Some policies discriminate, while others provide the same coverage for children, students and senior citizens.
6. Compare the restrictions on coverage for pre-existing conditions
Some policies cover only accidents or illness contracted while traveling and eliminate or place restrictions on treatment for previously diagnosed conditions.
7. Read the fine print to determine if the policy has reduced coverage or no coverage in certain countries
If your journey takes you to several different destinations, make sure the coverage is effective in all locations and covers you while in transit. Go online to the Travel Insurance Center , a website that allows you to review multiple policies and compare costs and benefits.
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