All you know about travel insurance when studying abroad

Few experiences are as exhilarating and terrifying as planning to study abroad. Making a bucket list with activities like paragliding in Rio de Janeiro or skiing in the French Alps seems enjoyable, but there are some key issues you'll need to check out first, such as how your insurance works when you're abroad. Not only can health insurance spare you from unneeded financial stress and effort, but it is frequently required by your school, study abroad provider, or host nation. It is critical to find the best insurance package before traveling abroad. In this article, our DNBC Financial Group will give all the information you need to know about travel insurance for studying abroad.

All you know about travel insurance when studying abroad

What is travel insurance for studying abroad?

Travel insurance is designed to protect travelers from unexpected events that can occur while they are away from home. This can include anything from lost luggage to medical emergencies. When it comes to studying abroad, travel insurance is especially important because students are typically living in a foreign country for an extended period of time. Here's what you need to know about travel insurance for students studying abroad.

What to consider to choose the best travel insurance for students studying abroad

1. Medical Coverage: This is perhaps the most important aspect of any travel insurance policy, especially for students studying abroad. Make sure that the policy provides coverage for medical emergencies, including hospital stays, emergency medical evacuation, and repatriation of remains.

2. Trip Cancellation Coverage: If you have to cancel your trip due to an unexpected event, such as a family emergency or illness, make sure that your travel insurance policy provides coverage for trip cancellation.

3. Personal Liability Coverage: This is another important aspect of any travel insurance policy, especially if you're traveling to a foreign country where you may not be familiar with local laws and customs. Make sure that the policy provides coverage for personal liability, including legal fees and damages.

4. Coverage for Activities: If you're planning on participating in any adventurous activities, such as bungee jumping or scuba diving, make sure that your travel insurance policy provides coverage for these activities.

5. 24/7 Assistance: Look for a travel insurance policy that provides 24/7 assistance, including access to emergency medical care and assistance with lost or stolen documents.

6. Duration of coverage: Make sure the plan provides coverage for the entire duration of the student's stay abroad, including any travel before or after the study abroad program.

Top travel insurance options for students studying abroad

Let's take a look at some of the top travel insurance options available for students studying abroad:

1. World Nomads

World Nomads is a popular travel insurance provider that offers comprehensive coverage for students studying abroad. Their plans include coverage for medical expenses, trip cancellation and interruption, personal property, emergency assistance, and more. World Nomads also offers coverage for a wide range of adventure activities, such as bungee jumping, snowboarding, and scuba diving.

2. Allianz Global Assistance

Allianz Global Assistance is another popular travel insurance option for students studying abroad. They offer a range of policies that cover medical emergencies, trip interruption, and lost baggage. They also provide coverage for pre-existing medical conditions, which is important for students with existing health conditions. Allianz Global Assistance has a network of over 13,000 medical providers worldwide, making it easy for students to access medical care when they need it.

3. AIG Travel Guard

AIG Travel Guard is a comprehensive travel insurance option for students studying abroad. They offer a range of policies that cover medical emergencies, trip cancellations, and lost baggage. They also provide coverage for trip interruption, which is important for students who may need to return home unexpectedly. AIG Travel Guard policies are available to travelers from over 100 countries, and they offer 24/7 customer support.

4. IMG

IMG is a travel insurance option that caters to the unique needs of students studying abroad. They offer a range of policies that cover medical emergencies, trip cancellations, and lost baggage. They also provide coverage for adventure sports, such as skiing and snowboarding, which are popular among students. IMG policies are available to travelers from over 150 countries, and they offer 24/7 customer support.

5. HTH Worldwide

HTH Worldwide is a travel insurance option that specializes in medical coverage for students studying abroad. They offer a range of policies that cover medical emergencies, including emergency medical evacuation and repatriation. They also provide coverage for pre-existing medical conditions, which is important for students with existing health conditions. HTH Worldwide policies are available to travelers from over 180 countries, and they offer 24/7 customer support.

If you're planning a trip and need to purchase travel insurance, transferring money to the insurance agency can be done easily with the DNBC Financial Group. Transferring money to a travel insurance agency with DNBC Financial Group is a safe and convenient way to ensure you have the necessary coverage for your upcoming travels.

About DNBC Financial Group

DNBC Financial Group is dedicated to making international financial payments as simple as possible. We've expanded to helpbusinesses and individuals all around the world by cutting the cost of sending and receiving money internationally , collecting payments from international consumers, moving funds between overseas operations, and reducing the risk of currency changes.