When it comes to your travelers insurance price – knowledge is power.
Many insurance experts identify a significant price increase for travelers insurance for USA. It seems that the differences between the prices offered by the various companies are greater than ever. There are many factors that influence this trend and if we know in depth all the aspects that affect the price, we can enjoy a more affordable vacation than ever before visiting the land of unlimited possibilities.
Take a look on the range of price for basic travel insurance covering medical expenses
for 2 adults ages 70 traveling to the US for 10 days in may 2022:
Company | Medical coverage | price |
Shirbit | 1,600,000$ | 86$ |
Migdal | 5,000,000$ | 138$ |
Menora | 5,000,000$ | 162$ |
Clal | 5,000,000$ | 170$ |
Smart | Unlimited | 180$ |
Passport | 5,000,000$ | 180$ |
Harel | 5,000,000$ | 194$ |
range | 212% | 125% |
Why is travelers insurance for USA crucial?
The United States is the country with the largest health expenditures in the world. Tourists who come to this country and may require medical treatment, may be charged for each day of hospitalization at a high cost which can be amounted up to 20 thousand dollars per day. Even a standard doctor's appointment can get quite expensive. Your travel insurance during your vacation in you U.S. can make all the difference between a pleasant adventure to an unfortunate and expensive calamity.
How can you control your costs?
When choosing the optimal travelers insurance, you should make sure with your insurance provider that the insurance coverage and responsibilities are broad enough to cover any potential cost. In most cases, the most significant price gaps will be around special coverages. It is cardinal that we pay attention to all the coverages in the policy, examine which ones are really essential to us and compare the costs of each component between the various companies. Such a detailed examination will allow us to make a more informed choice. These are some of the aspects that you should look at closely.
A good example is additional coverages provided additional premiums paid like deterioration of an existing illness like high blood pressure.
Take a look on the range of price for basic travel insurance including cover for deterioration of an existing illness for 2 adults ages 70 traveling to US for 2 weeks in may:
Company | Deterioration existing illness | price |
Shirbit | 250,000$ | 307$ |
Passport | 350,000$ | 392$ |
Clal | 200,000$ | 392$ |
Migdal | 350,000$ | 403$ |
Smart | 500,000$ | 420$ |
Harel | 350,000$ | 453$ |
Menora | 350,000$ | 478$ |
range% | 75% | 55% |
Baggage and personal equipment insurance
A trip to the USA is usually a relatively long trip, on such a trip it is definitely recommended to purchase cover for your luggage and mobile phone for theft and related cancellation or shortening of your vacation.
Search and rescue services
The Us is abundant with national parks and world-renowned tracks. If your trip also includes such activity, you should purchase additional coverage in any case you may require rescue services.
Covid-19 related events coverage
If we were forced to characterize the life experience under the Covid-19 epidemic with just one word, uncertainty was undoubtedly the most appropriate word to use. Every plan we anticipate for our future, ultimately depends on the infection rates and the guidelines of health authorities around the world. The possibility of contracting the virus always exists and may completely disrupt our plans before we board the plane at all, or worse - when we have already reached our vacation destination.
Therefore, it is highly ill-advised to give up the Covid coverages in our policy. Make sure that the price you pay includes hospitalization and medical treatment in the destination country as well as costs of staying and cancellations of flights in case you are positive the corona and have to stay in quarantine and miss the flight home.
For more information: Hikingboaz
This article was written in cooperation with insurance agent and travel insurance specialist Hikingboaz