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Understanding Travel Insurance for Students

Travel insurance is a type of insurance that covers unforeseen costs and losses incurred while traveling, either internationally or domestically. Student travel insurance covers anyone going abroad for educational purposes. Whether studying in your own country or abroad, as a student, you have to get student travel insurance to cover unexpected medical or travel-related expenses that can occur anywhere.

As an international student, you must get travel insurance before embarking on your journey to cover the unforeseen. Moreover, studying abroad is an exciting prospect. There will be new places to explore and opportunities to meet people worldwide. But there’s always a little nervousness; what if something happens?

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However, student travel insurance will be there if something happens, that is, if you have one. In this article, we will provide information in detail on everything you need to know about student travel insurance, from what to cover to how much it costs, how to get it, and much other important information about it.

Understanding Student Travel Insurance

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Student travel insurance is a type of insurance product that provides coverage for anyone going abroad for educational purposes. It will cover you for the duration of your stay abroad. Leaving you with one less thing to worry about as you tackle foreign languages, new cultures, and time away from home.

However, student travel insurance covers unexpected and unforeseen events that could turn your trip away from home into a real drama. It should cover everything from the loss or theft of a bank card or ID to stolen or damaged possessions, including medical or travel-related expenses.

Every year, thousands of international students abroad need emergency medical treatment and are usually unprepared for the high costs of it. Besides, student travel insurance also provides coverage for medical expenses.

Moreover, in many cases, student travel insurance is mandatory to apply for a visa or enroll at a university abroad. For instance, in the United States, student insurance is required and compulsory for all non-US citizen students. Furthermore, remember that student travel insurance differs from international student health insurance. We will be giving the difference later in this section.

Who Needs Student Travel Insurance

However, pursuing higher education abroad not only allows students to gain insight into concepts of the educational world. But to also experience the everyday unknown. Leaving many with the opportunity to live away from home and develop whatever path in life they want to take.

Moreover, while this can be exciting and a chance of a lifetime, it is essential that students make plans, as there’s more possibility of the unexpected occurring. Therefore, you need student travel insurance, so you don’t have to worry about the occurrence of such costs ruing your study abroad experience. For instance, when you suddenly get sick or get into an accident, your travel insurance plan will cover the costs of your medical bills.

Likewise, when your flight is delayed, and you are stuck at the airport, it will cover food and accommodation until the next flight. Also, if your passport, luggage, or other items are stolen, damaged, or lost during your trip, it will reimburse you for your loss.

Benefits of Having Student Travel Insurance

Moreover, if you are studying abroad and living alone, there might be possibilities for things to go wrong, and you would need support to tackle the situation.

However, international student travel insurance comes with specific features that differentiate it from other types of travel insurance. Here are some of the most common features of international student travel insurance:

  • Worldwide Coverage:Β The insurance plan covers you regardless of the part of the world you choose to study in.
  • Travel Assistance:Β If any travel-related loss occurs while you are studying abroad, your insurer will assist you during various difficulties per the insurance policy’s scope.
  • Medical Coverage:Β It also provides coverage for accidents and illness. In case you get sick or injured while studying abroad. The insurance policy will protect you from substantial medical costs.
  • Refund on Policy Cancellation:Β However, many universities have standard student travel insurance plans that students may just enroll into. However, if the university abroad does not accept the student travel insurance policy that you purchased in your home country. Then, you can quickly get it canceled. Moreover, all insurance companies have a student travel insurance policy cancellation option.
  • Luggage Loss:Β In case of luggage theft or loss, your international student insurance plan will reimburse all or part of the stolen items.
  • Auto-Renewal: Most insurance providers or companies come with an auto-renewal option that can be used to renew the student travel insurance policy once it expires.
  • Study Interruption Coverage:Β This might be the most essential feature of student travel insurance plans. If you get hospitalized for a consecutive month or more due to injury or illness. Then, the insurance policy will reimburse the tuition fee that you have already paid for that period.

What Does it Cover?

However, a typical travel insurance plan for students includes the following coverages:

  • Medical coverage:Β Covers medical treatment in case of an illness or injury.
    • Reimbursement of medical, surgical, pharmaceutical, and hospital expenses in case you need medical assistance while studying abroad.
  • Companion Coverage:Β Your insurance policy will provide the cost of travel and the stay of your immediate family member to be with you in case you are hospitalized.
  • Coverage for luggage and personal belongings:Β Provides reimbursement for all or up to a certain amount for the loss, damage, or destruction of emotional baggage, including valuables, electronic gadgets, sports equipment, etc.
  • Trip Cancellation/ Interruption Coverage: This type of coverage reimburses the student for fees, non-refundable travel expenses, or lost deposits relating to the cancellation or delay of the insured person’s trip due to certain unexpected circumstances. However, your insurance plan will also pay for food and accommodation during your waiting time if necessary.
  • Personal Liability Coverage:Β Liability refers to the state of being legally responsible for something. Therefore, if you cause personal injury or property damage to someone else, the insurance policy reimburses the consequential losses up to a certain amount.

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How Much Does it Cover?

However, like other policyholders, students have varying needs when transferring to a foreign place for studying purposes. That is to say, you can specifically design a plan for yourself as per your needs as well.

Moreover, you can choose how much coverage you want. There are different policy maximums. Which is the maximum amount the insurance company will pay for a claim. Other coverages are usually different amounts, such as medical bills and loss of belongings. However, the exact amount the insurer or insurance company pays for any occasion will be specified clearly in the policy details.

Eligibility for Student Travel Insurance

However, there are very few requirements for signing up for or purchasing a student travel insurance plan. Here are some of the requirements one must meet to be able to buy a student travel insurance plan:

  • You are a student who will take a course at a university abroad
  • Be in an internship with a company abroad (paid or unpaid)
  • You must be part of a vocational training program abroad
  • You are part of a working holiday program
  • Be a volunteer abroad

Moreover, students can get a student insurance plan only if they are 16 years of age and above. Also, there’s a cut-off age after which you will no longer qualify for student travel insurance. This is usually above 35 years of age. A particular person above 35 years is not eligible to purchase the insurance plan.

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How to Get Student Travel Insurance

However, since you have made up your mind to purchase a student travel insurance plan. Then, the next step is to find which policy is best for you But before we move to that, let’s look at how one can get insurance. They are as follows:

  • Directly from an insurance company
  • Online – You can also get insurance plans through international companies offering student travel insurance. You will have to visit their website and complete other necessary information for purchasing the insurance plan. You can check out AXA travel insurance.
  • Through online travel insurance agents or brokers. Purchasing an insurance plan this way will allow you to compare several programs from different companies before making your final choice.

Tips for Choosing the Best Insurance Plan

Moreover, here are a few tips that will help you in deciding the insurance plan that is best for you:

  • Firstly, do not buy the cheapest plan you find. Everyone wants an affordable insurance plan, but going for the cheapest isn’t a good idea. A reasonable student travel insurance plan will probably not provide you with all the coverage you need in times of emergency.
  • Secondly, read the insurance policy carefully. Make sure you know what you have coverage for in the policy.
  • Check if it meets the requirements of your school and the student visa requirements. Many foreign places like the United States have special insuruniqueeds you are asked to fulfill to enter the country. Likewise, many schools are abroad. For instance, in the US, students with an F1 visa have to follow guidelines given to them by their school.
  • Moreover, read the policy exclusions as well. Learn what you are not covered for in the policy.
  • Find out how you can make an insurance claim
  • Also, find out if the insurance company has a helpline you can contact for emergency assistance.
  • Finally, take your time researching the company, and read reviews from previous clients or customers.

Additional Notes

In addition, the insurance coverage is valid within the time frame you selected before purchasing the plan. The range starts when you depart your home country for your studies abroad. Moreover, when purchasing the insurance policy, the longer the time frame for your coverage, the more costly the procedure will be.

Furthermore, you should get your travel insurance within 15 days from the time you will schedule or pay for your trip abroad. Otherwise, you may not be able to get full coverage for specific unforeseen events such as trip cancellation or delay if you purchase the insurance plan at the last minute.

In conclusion, travel insurance is only mandatory as part of the visa process. That is to say, if you apply for a student visa, most embassies will request proof that you have obtained adequate travel insurance for at least the beginning period of your stay in the foreign country.

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