Travel insurance is mandatory visa requirement if you are travelling to Europe, traveling insurance covers costs and losses associated with traveling.
It is useful protection for those traveling domestically or abroad. Checkout our other post for property insurance in UK
According to a 2021 survey by insurance company Battle face, almost half of Americans have faced fees or had to absorb the cost of losses when traveling without travel insurance.
1 Thirty-six percent of Americans say they’re more likely to purchase travel insurance for trips abroad following the COVID-19 pandemic while 34% said they’re more likely to do so for domestic trips.
Many companies selling tickets or travel packages, give consumers the option to purchase travel insurance, also known as travelers insurance.
Some travel policies cover damage to personal property, rented equipment, such as rental cars, or even the cost of paying a ransom.
Frequently sold as a package, travel insurance may include several types of coverage.
The main categories of travel insurance include trip cancellation or interruption coverage, baggage and personal effects coverage, medical expense coverage, and accidental death or flight accident coverage
How Healthcare in Europe Works
Generally speaking, most European nations (in addition to others around the world) have some type of universal healthcare.
According to the definition provided by the World Health Organization (WHO),
this means that everyone has equal access to quality healthcare that improves the health of patients and that seeking such care would not cause financial harm to those receiving it.
While it’s easy for Americans to generalize European healthcare into one giant conglomerate of universal coverage, there are actually many different systems across the continent.
Each country has figured out their own way of organizing their insurance companies, doctors, and hospital systems.
But regardless of country, healthcare in Europe is designed with the same goal in mind: to make sure every person has access to basic health services.
Given that European nations have all been around far longer than America, they’ve tried almost every possible scenario
And, for the most part, they’ve landed largely on three systems: single-payer, socialized, and privatized, but regulated.
Of course, there’s quite a bit of variety between countries and no two systems are alike.
One of the major similarities across healthcare systems in Europe is that all citizens are included.
Even in partially privatized systems, an individual mandate is in place (and strictly enforced) to ensure that healthy people are in the system to help offset the costs of sick people.
Another commonality is that healthcare in Europe (regardless of system) is largely funded by tax dollars collected from employers and the public.
In many cases, this is through a simple payroll tax, similar to what Senator Sanders has proposed in his Medicare-For-All plan and how we already fund Medicare today.
However, there are always other sources, including (but not limited to) earmarked Federal funds coming from income taxes, the insurance companies themselves,
And additional taxes on tobacco and alcohol (similar to what some U.S. cities have called “sin taxes”).
What Europe travel insurance covers
Most travel insurance plans cover medical emergencies, trip cancellation, trip interruption, delays, medical evacuation, and lost, damaged, or stolen luggage.
Depending on what plan you buy and when you buy it, travel insurance can also cover rental-car damage, pre-existing conditions, and trip cancellation for any reason.
Let’s break that down and look at how travel insurance can cover the three big things you worry about when you travel:
you, your experiences, and your stuff (including where you stay on your trip).
Protects You from the following:
- Emergency Medical Insurance
- Emergency Medical Evacuation
- Accidental Death & Dismemberment
- Lost/Stolen Luggage
- Rental Car Coverage
- Hotel/Cruise Ship Protection
- Trip Cancellation
- Trip Interruption
- Flight Cancellation/Travel Delay
- Supplier Bankruptcy
The travel insurance does not cover the following:
- Extreme sports where the chance of death or injury is high
- Things you do while under the influence of controlled substances
- Fear of traveling to countries, such as those listed on the State Department’s Do Not Travel list
- Learning to fly a plane
- Playing professional sports
- Medical travel
- And many more
The exclusions list can differ from policy to policy, so it’s always good to read your policy before you buy. Checkout real estate licensing in Canada
Some of the travel insurance companies in Europe
European travel insurance is designed especially for your trip to Europe.
Perhaps you’re off on a sunny family beach holiday or planning to explore a city. Maybe you’re visiting a friend or going on a romantic break.
Whatever you’re doing, it’s important to find the best European travel insurance for your needs.
It can be easy to get complacent when you’re travelling to Europe after all, it’s so close to home.
But there’s still plenty of scope for things to go wrong.
What if your baggage got stolen? What if you had to cancel your trip?
Or what if you fell ill while you were away? Medical treatment in Europe can cost a small fortune.
With travel insurance, Europe-bound adventurers can fully enjoy their trip.
They’ll have full peace of mind and financial security so there’s no need to worry about something going wrong
many people have made the world nomads t here best travelling insurance company. because of the comprehensive plan of the company, it makes it possible for you to visit more than one country for just one trip.
The company is great for adventurous travelers who plan to do things
like hiking, kayaking, canoeing, and even some extreme sports like rock climbing or bungy jumping.
With 200 different activities covered, World Nomads is the best choice for active travelers.
The company is one of the latest in the insurance company of the world.
It’s a Norwegian startup based out of California that is specifically focused on remote workers and digital nomads.
Medjet is the premier membership program for medical transportation.
Its extensive plans focus on crisis response and emergency transportation, and it has amazing staff on hand to help you through it all.
IMGlobal provides insurance plans that are more akin to your standard US health insurance.
It has comprehensive coverage for long-term travelers, plans for non-US citizens, and affordable plans for visitors to the US as well.
Its plans cover single- and multi-destination trips. complete guide to home insurance in US
And many more travel insurance companies for Europe you can found other ones out that there plans are extensive. Remember it is compulsory to obtain your travel insurance before traveling to Europe.