Student travel insurance is a financial package that protects you in multiple ways, from emergency medical assistance to passport loss or theft. A good student travel insurance policy is carefully modified with all possible scenarios in mind. This is to ensure that you are prepared to confront any unexpected events with ease and elegance. Are you finding it difficult to choose between student travel insurance companies? Don’t fret! This article will discuss the best travel insurance for students studying abroad. But first, what does travel insurance cover?
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What does student travel insurance cover?
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A comprehensive student travel insurance policy should cover the following at a minimum
- Medical expenses and repatriation
- Personal liability
- Cancellation or curtailment (having to cut your trip). Ensure that this section of the policy covers the total cost of your trip or more
- Lost or stolen baggage
- Lost or stolen cash
- Delay cover.
Depending on the type of trip you’ve planned, you might also want to seek additional coverage customized for extracurricular activities. For example, if you intend to participate in extreme sports or other sporting activities, you should check to see what is covered to be safe. Winter sports, as well as other activities such as hang-gliding, horseback riding, and some contact sports like rugby, frequently necessitate additional coverage.
Best travel insurance for students studying abroad: What to look out for on a student travel insurance policy
Once you’ve decided on the policy type you require, thoroughly review the policy’s financial limits to ensure you’re appropriately protected for your trip.
- Pay close attention to the claim limitations for medical expenses (search for policies with at least £1 million for travel to Europe and £2 million or more for trips to the United States).
- Check that your cancellation insurance covers the whole cost of your trip or extra.
- Consider both the total amount you can claim for lost property and the limit for any single item. If you have expensive belongings or electronics that aren’t covered by this, you might be able to add a gadget cover or purchase it separately.
Another essential factor to consider is the ‘excess’ of a policy. This is the amount deducted from the value of each claim you make, which is usually fixed at £50. It may lower the cost of a policy if you agree to a greater excess amount, but consider what you can really afford to have deducted from your claim payment, since this may be a false economy. Also, carefully examine the terms and conditions of your policy, keeping an eye out for any claim exclusions.
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How do I find cheap student travel insurance?
It’s not a good idea to buy travel insurance based solely on price, as cheap policies may not provide you with the coverage you require. However, you do not want to overpay for insurance. So, using a comparison service to compare a number of policies from different firms side by side is a good way to be confident that you’ve taken out the best policy for you at a competitive price. Here are the top 5 best travel insurance for students studying abroad.
Top 4 best travel insurance for students studying abroad
1. Seven Corners travel insurance
This insurance company is rated A-excellent by AM Best. Seven Corners Travel Medical Insurance will help you plan for safe travel and guarantee you meet the requirements of your college/uni, visa program, and host nation. Their plans cover medical expenses for illnesses or injuries that occur while you’re traveling, as well as limited coverage for pre-existing diseases. You’ll also have access to a medical provider network and 24-hour multilingual travel assistance.
2. WorldTrips travel health insurance
International student health insurance is available to students studying abroad. WorldTrip’s StudentSecure series has four levels of coverage: Select, Elite, Budget, and Smart, allowing you to select the plan that best meets your needs and budget. If you sustain an unexpected accident or illness while studying abroad, a StudentSecure plan will help decrease your personal expenses. All four plans include access to their StudentZone, where you can renew your coverage, download your visa letter, and manage your policy online.
3. Generali Global Assistance
Generali Global Assistance is known for their travel assistance services. They include telemedicine, concierge services, and support with theft resolution. All their policies feature 24-Hour Travel Support, which can provide prompt support for any concerns that may happen during a trip. The service provides a 24-hour emergency hotline where travelers can get aid with medical problems, and identity theft resolution. They also offer emergency cash transfers, replacing lost or stolen medicine, and find lost or stolen belongings.
4. World Nomads
World Nomads policies, unlike most travel insurance providers, cover over 200 different sports and activities. While most travel insurance firms avoid covering adventure sports and other off-the-beaten-path activities, WorldNomads has plans designed expressly for more students who love sports. Its Standard and Explorer plans cover scuba diving, skiing, surfing, motorcycling, and more than 200 other activities. Its insurance provides $100,000 coverage for accidents or sickness, as well as 24/7 emergency support to assist you in locating local physicians or medical facilities.
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Best travel insurance for students studying abroad: When should you take a student travel plan?
The ideal time to purchase student travel insurance, as with any other travel insurance policy, is as soon as you book your trip. This is because comprehensive travel insurance packages will financially safeguard you if you have to cancel a vacation abruptly due to a family illness or death, divorce, or redundancy.
