Everyone knows that getting travel insurance before you embark on a trip is good common sense. Anything can go wrong on your vacation abroad that can quickly derail your good time. However, travel medical insurance is there to guard you against these unforeseen occurrences. Nevertheless, most people view travel insurance as a short term investment. You buy a policy for a few weeks to cover your vacation and then you walk away. Simple as that. However, people do purchase long term travel insurance plans for an extended stay away from home. Here are three reasons why people opt to rely on long stay travel insurance.
1. Extended Vacation
While most of us can’t afford to be away from home for more than a few weeks, there are those who can. Long term travel insurance can be purchased to insure you during your leisurely vacation away. Nevertheless, more
people purchase long term travel insurance than may be expected. Extended vacations are common for people who own timeshares or who have houses outside of the country. While they’re away from home they need some
form of insurance to protect them against any unforeseen eventualities. Injury and medical insurance is at the top of their list when it comes to selecting their long term travel insurance policy.
2. One Way Vacations
The biggest category of people who purchase long term travel insurance are those who are making one way vacations. What are those? Well, as the name implies it is a vacation that has no return portion to it. Most of the time
people who take one way vacations are moving to somewhere new. On their way to their final destination they will stop off at varying locales to see the sights and enjoy themselves before arriving at their new home. One way
vacations can often be extended affairs with many destinations and travel arrangements that need looking after. Long term travel insurance for these people centers around luggage and travel arrangement coverage. A one way vacation can quickly to derailed if a flight is canceled or a rental car reservation goes missing.
People who are moving to another country often depend on long term travel insurance because they exist is a grey area between countries. They are outside of their home country which means they are unlikely to be covered by any domestic insurance provider from their place of origin. Depending on their immigration status in their new country, they may be ineligible for healthcare in their new home. Long term travel insurance can fill this gap. People who relocate from one country to another for work or personal reasons often rely upon their extended stay insurance for years on end. It is very likely that travel insurance policies are cheaper than domestic arrangements.
Whatever your reasons are for purchasing a long term travel insurance policy, make sure you are well covered for your needs. Nothing is worse than having an accident and finding yourself out of luck.
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