When organizing a trip, several points on the check-list must be taken into account , such as booking accommodation, activities, getting boarding passes … and yet many times we forget the importance of traveling with travel insurance. trip that covers us in case of a mishap.
The health and tranquility of the traveler are essential, and although there is this perception of being ‘one more expense’, the reality is that the cost of the policy is a very low percentage if you compare it with the total budget of the trip. Finding out how much travel insurance costs may seem like a complicated and cumbersome task but it doesn’t have to be that way, since at Mondo we make it very easy for you.
WHAT DOES TRAVEL INSURANCE COVER?
When we travel, incidents or unforeseen events that are difficult to solve can occur if we do not have the protection of good travel insurance.
Travel insurance offers you the essential medical coverage so that you can be treated abroad 24 hours a day , without advancing money. In addition, it also includes coverage for theft and damage of luggage , delays or last minute cancellation of the means of transport, repatriation and early return , displacement of a family member or companion in case of hospitalization or death, civil liability and legal assistance.
Depending on the needs of each traveler and the type of trip, you can find different travel insurance options, from policies with very complete coverage that allow you to customize it to your needs, to cheap travel insurance to cover the most basic.
HOW MUCH DOES INTERNATIONAL TRAVEL INSURANCE COST?
There are many variables that affect the price of travel insurance. For example, it is not the same to take a three-day getaway to Rome or Paris, to go on vacation to New York for two weeks, or to go backpacking to Thailand for six months. How you see, the profile of the traveler, the destination, the duration of the trip, the possible risks, etc., are very different.
We clarify below each of the factors that influence the price of travel insurance.
Factors influencing the price
To know how much travel insurance costs we must take into account a series of elements or factors that directly influence the calculation. Next, we explain them one by one:
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Travel time
As with the days of accommodation or rental of a car, the more days of coverage there are in the policy, the higher the price of this. However, depending on the duration of your trip, it will be more profitable to choose one type of travel insurance or another.
For a short trip you do in a timely manner (either leisure or business) it is convenient to select the option of travel insurance, which can choose among several alternatives as much coverage you need: Travel Tranquility , Travel Top , Travel Premium and Assistance Only .
If you are a frequent traveler and you make more than 3 trips a year, the best option is the Annual Travel Insurance since it offers you coverage for all the trips you make in the next 12 months at a very competitive price. By insuring yourself for a very long period of time, you lower the price per day and insured, making this option more profitable.
For long-term trips (+90 days) we recommend the Mondo Long Stay , which is initially contracted for 90 days with the possibility of renewing it at your own pace for as long as you want and from anywhere in the world.
For this reason, in order to calculate how much travel insurance costs and take out cheap travel insurance , you must first take into account what type of trip (or trips) you are going to make and its duration. The time factor can save you several euros.
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Number of insured
Depending on the number of travelers who are insured in the same policy, the price will be higher or lower. For example, it is not the same to price travel insurance for a couple (two travelers) than for a group of four people, since each one corresponds to a percentage of the premium.
In addition, we remind you that in Mondo we offer you different advantages to find cheap travel insurance , for this reason we offer the traveler special discounts for traveling families or groups of friends , so that you can save up to 15% on the price of your travel insurance.
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Travel destination
Another important criterion to take into account when calculating how much travel insurance costs is the destination or geographical area to which we are going to travel.
To make it easier to see we give you some examples. Next, we show a table where different rates are shown:
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Coverages
As we have already seen, travel insurance protects you against different unforeseen events that may arise (illness, accident, loss or delay in the delivery of luggage, transport delays and cancellations …) and helps you to solve them in an agile way thanks to its different coverages .
When looking for the travel insurance that best suits your preferences and needs, you should assess the coverages and limits that best suit you , because the more complete the travel insurance (more coverage and higher limits) it will probably be. reflected in the price.
Therefore, depending on the type of trip you are going to make, you will be interested in choosing a specific product or coverage. For example, in destinations where healthcare is extremely expensive (the United States, Japan, Canada …) it is highly recommended to select good medical coverage that includes high medical expenses, such as that offered by Premium travel insurance .
But if what you prioritize more is the budget and you want to get cheap travel insurance then you should know that in Mondo we offer a basic travel insurance called Assistance Only , designed especially for those travelers who only seek to have medical coverage abroad at a price very economical.
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Extensions (optional)
At Mondo we give you the ability to customize the insurance to suit you with optional coverage that you can add to the policy.
With which, in addition to having all the essential coverage that travel insurance already offers you, you can complement it with other specific ones such as travel cancellation coverage, adventure sports or electronic equipment.
TRAVEL PEACEFULLY WITH TRAVEL INSURANCE
Right now, one of the biggest fears for any traveler is getting sick while away from home. The insurance travel Mondo have just what you need to travel without unduly worrying about COVID-19, since all cover medical care in case of infection by coronavirus , the health transfer, repatriation in case of giving positive test PCR for medical prescription and prolongation of hotel stay due to medical quarantine.
In addition, with the Mondo Assistance App you will have a 24-hour medical chat and free emergency calls in case you need medical assistance, which allows you to manage any incident easily and quickly.
Now that you know how much travel insurance costs and the factors that affect its price, it will be easier for you to choose the travel insurance that best suits your needs as a traveler.
