Is travel insurance really essential? This is a question that many travelers ask themselves. It’s often one of the most overlooked expenses on a trip abroad, but beware: here’s a list of common misconceptions, with answers to help you make the right choice.
No need for travel insurance, my credit card will cover the costs
TRUE AND FALSE – The insurance policies that come with your credit card (Visa, Mastercard, American Express) are more like assistance contracts that help you in the event of an incident, for a short period of time without offering you very extensive health cover, and under no circumstances if you stay more than 3 consecutive months in any country.
The main difference between private travel insurance and bank card assistance is the reimbursement limits. You will be restricted in terms of health expenses by your bank card in many countries where costs are very high. It is therefore important to take out health insurance abroad to complement your credit card assistance. Please note that credit card insurance does not cover epidemics.
To find out more, read ” What does my credit card cover? “
I don’t need travel insurance, I’m just going to relax in the sun, so I don’t risk anything.
FALSE – You’ve probably already traveled many times without anything happening to you, but it’s impossible to foresee the unexpected. Lost or stolen luggage, accidents, illness and cancellations can all happen very quickly. With Mondassur, you’ll be helped, advised and taken care of in case of need with your health insurance abroad.
I’m going to a country where the cost of living is low, so I’ll pay my own expenses…
Misconceptions :
- Food poisoning in Thailand can cost you over €2,000
- Treatment of gastroenteritis in Vietnam will cost around 3,000
Developing countries will transfer you to private clinics, and you’ll soon realize that medical costs can also be very high. So don’t neglect your health and your wallet. In the event of a major incident, your subscription will pay for itself very quickly.
Insurance policies are all the same, so you might as well take the cheapest.
FALSE – In fact, many insurers offer the same type ofinternational insurancecover: cancellation insurance, repatriation insurance, medical expenses, civil liability… However, as with credit cards, you need to pay close attention to the limits, exclusions and deductibles.
It’s up to you to read the terms and conditions of health insurance cover abroad, because just because it’s not the most expensive doesn’t mean it’s the best, and just because it’s not the cheapest doesn’t mean it’s the worst. It all depends on your needs and expectations. That’s why Mondassur advises you to find the insurance best suited to your situation.
