Group travel insurance can be a smart idea if you plan on traveling with a large group. These plans cover up to 10 people and are less expensive than single policies for individuals. A policy that covers multiple countries can be purchased annually.
Benefits
It is important to insure your group when you travel. Group policies are cheaper than individual policies and offer complete coverage. In addition, some group policies include extra benefits that individual policies do not offer. Group policies are available for children traveling with responsible adults. This makes them an attractive option for parents who have multiple children. The cost of a policy depends on how long the trip lasts and the number of participants.
Group policies have less paperwork than single policies. You only need one form to purchase a policy for a group of people. Multi-trip policies require more paperwork, and are not available for everyone.
Eligibility
Group travel insurance is a great way for your group to cover their costs while they're abroad. Group policies can be cheaper than individual plans and easier to manage. The policies typically provide a combined master policy with individual ID cards for each participant. Some policies provide emergency medical coverage to cover those who are injured or become ill while on vacation. If you're a group leader or are looking for group travel insurance for your organization, be sure to read the details carefully before enrolling.
Group travel insurance policies are a great option for groups of 10 or more. It's important that you verify your international health insurance. You should check to make sure your insurance covers you abroad. Some policies require you to authorize medical treatment before you can receive it.
Cost
There are a few factors you should consider when you arrange travel insurance for your group. Consider how many people will be traveling and how long. The higher the trip length, the more expensive the premiums. However, if you only want to insure the group for a short time, you may be eligible for a lower premium and offer more options.
The cost of travel insurance for a group is much lower than that for individual travelers. For example, the Worldwide Trip Protector, a plan for multiple travelers, costs $816 for two weeks. This will provide coverage for medical emergencies as well delayed flights and baggage. RoundTrip Group also offers group insurance that covers all of its members at a flat rate of $2,014 per individual.
Cancellation
Cancellation insurance for groups can be a useful tool to help protect your group's travel expenses. Group trips can be cancelled due to many factors, such as illness or injury of a leader, natural disasters, fires, or political turmoil. A cancellation insurance policy will cover all expenses if a trip is canceled.
Coverage excess
The cost of travel coverage can vary widely depending on the company. Travel insurance can be more expensive if you're traveling with your family. The cost of travel insurance will also be affected by pre-existing conditions.
Many policies offer an excess. Some policies do not. Many people will prefer to pay the excess, especially if it is low-priced. The excess amount is often negligible compared with the insurance company's coverage.