What does travel insurance cover, and how much does it cost?

Illustration of people with insurance policies

Going on a trip without having insurance is one of the most irresponsible and foolish things a person can do. True, when planning a trip, the last thing you want to think about is that something unpleasant can happen. Nobody wishes it, but unfortunately, the unexpected complications are just around the corner.

Taking out travel insurance is essential, just as it is very important to know exactly what it covers, in every single detail. In fact, each policy is different from the other, even if there are normally some common characteristics between them that allow the traveler to leave in complete safety. If you are curious to find out which are the best travel insurance on the market, we leave you to this article from the travel blog Travelers, in which travel insurance policies are dealt with at 360 ° and how to choose them, as well as being able to find a list dedicated to the best ATT insurances that can be stipulated to date.

But now, let’s come to us and find out together what standard travel insurance covers and how much it costs on average.

What does travel insurance cover?

As already mentioned, each insurance is a story in itself. As is normal, in the free market, any company is free to offer its customers the services it deems most suitable and adequate within its policies.

One thing that unites all, or almost all, insurance companies is the fact that they always offer one or more standard policies, then allowing their customers to customize them at will, modifying, removing, and adding services.

Among the services most commonly offered by travel insurance, we find, first of all, the reimbursement of medical expenses or those costs associated with any medical examinations that may be requested during a holiday.

24-hour assistance is another of those services that any self-respecting insurance offers within any type of policy. Wherever you are in the world, regardless of the time zone, you will always be able to have dedicated assistance.

Another service generally included in the policies is the reimbursement in case of episodes of theft, loss of luggage, or cancellation of the trip.

Furthermore, some insurance companies also include repatriation services and what is defined as “civil liability,” i.e., the coverage of damages caused involuntarily to third parties.

How much does travel insurance cost on average?

The costs of online travel insurance vary widely. In fact, a standard and basic policy can also be stipulated with a few euros, while if you want to customize it and make it more effective, the price will obviously go up.

To give an idea of ​​a possible price of a standard average policy, we can start from € 30/40 for a trip to Europe, reaching over € 100 for a trip to the United States.

The factors that affect the total price of the insurance are various, and each of them impacts more or less the final cost. The first factor to consider is undoubtedly the length of the stay abroad. The longer the stay, the more the insurance cost will obviously go up.

In addition to the duration, the number of insured persons and the destination of the trip also contribute to the final price. There are, in fact, countries where medical costs are particularly high (see the United States), and this means that the price of the policy is necessarily higher.

Finally, a final factor that determines the price is obviously the type and number of coverages chosen and the respective ceilings. The more services that are chosen and included in the policy, the more the price will inflate. It is, therefore, a good idea to find the right balance between hedges and ceilings, carefully evaluating the risks and the final cost.