Many students are visiting other countries though both their own means and through school or university sponsored exchange programs. Traveling allows students to experience and learn about different cultures around the world, as well as gain a world perspective. Students are usually more adventurous than ordinary travelers, and they may travel to less developed countries or take part in risky adventures. As such, it is more likely that they will meet with misfortune and become sick or injured while they are traveling. To ensure that they receive financial protection during their vacations, it is a good idea for students to get a travel insurance policy.
Most students are budget-conscious travelers, and they are always on the lookout for cheap travel insurance. There are many insurance companies that offer discount travel insurance plans for students, and they come in the forms of single trip travel insurance, multi trip travel insurance, group travel insurance, specialist travel insurance, and backpacker travel insurance. These insurance plans offer maximum benefits for students to ensure that they will get adequate compensation in the event that unforeseen incidents occur during their travels. Also, they are more affordable than regular policies that provide the same coverage options.
Single trip and multi trip travel insurance policies offer coverage options for medical expenses, search and rescue, repatriation, trip cancellation, accidental death, personal liability, loss of luggage and belongings, and others. Some policies even cover dental expenses and terrorism. Those who purchase a single trip policy will only be insured for one trip, while a multi trip policy covers any number of travels that are made within a year. Students who wish to travel as a group should purchase a group travel insurance policy, which will cover everybody in a group at a discounted rate. More discounts will be given for a larger group of travelers.
Specialist travel insurance policies include coverage options that are essential for students who are studying abroad or taking part in hazardous activities. A study-abroad travel insurance policy will provide adequate coverage for students for a period of one year or longer, and it will be valid for a specified number of trips home. Those who are planning to do hazardous sports and recreational activities, such as skiing, white water rafting, scuba diving, kayaking, mountaineering, ice climbing, and bungee jumping, can purchase winter sports or extreme sports specialist policies. These policies cover medical costs, emergency evacuation, and loss or damage of sports equipment. Backpackers will benefit greatly from a backpacker insurance policy, because this policy has coverage options that suit their specific traveling needs.
Most insurance providers also offer 24-hour emergency services to help policy-holders during times of emergency. It is important that student travelers select a reputable insurance company that is capable of providing excellent insurance advice and services.