Monday, August 22, 2011

Travel Insurance, or, have I done anything wrong yet?

I got some insurance. I really only need medical insurance, so that in the case of a terrible catastrophe I don't, in the words of my dad, "come back with a mortgage." (he sure knows how to strike fear into my heart.)

I don't need much in terms of cancellation insurance or stuff insurance. If my stuff gets stolen or a flight gets canceled, I'll buy new stuff, for less than the cost of an insurance policy. Or maybe I'll just stay where I am! Peculiar travel suggestions are dancing lessons from God.

Anyway, medical. I'm looking for a high max coverage (mortgage mortgage), I'm not too picky about the deductible (nothing bad ever happens ever), and I don't want to get hosed. Approximate prices for a year of coverage:
World Nomads: $600, $100k max
International SOS, including medical: $1000
Some other site I don't remember: also $1500
IMGlobal: $350, $500k max (customizable)

I feel like I must have missed something. How can different companies be off by a factor of 4? But I read through the plan a couple times and it looks pretty foolproof. And IMGlobal is a legit company. Chalk it up to truly just buying what I want, I guess.

5 comments:

  1. I went through STA travel when I needed long term travel insurance (I was living in rural China for three months), but it's a travel agency for students but I don't know if they actually require you to be a student... however just for comparison's sake I had coverage for evacuation up to $250,000, medical expenses up to $100,000, Accidental death up to $20,000. Some other coverage, too, but those were my key points of concern. It cost me $265 for three months, would have been around $750 for a full year.

    So I think the prices you've been quoted are reasonable, I would take a higher amount of coverage (not the $100,000 one, medical evacuation by airplane can cost that much all by itself).

    I actually used the insurance when I was mugged. I was without money in a farming town in the middle of nowhere in China and my phone was stolen; they covered the replacement cost of the things that were stolen and did an emergency cash transfer for me.

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  2. Oh right, to clarify: World Nomads offers $500k for evacuation on top of the $100k. Surprising that it's so much more expensive than the medical care!

    When and where and why did you go to rural China?

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  3. Haha, not surprising at all! It's sort of like paying the $1000 airfare for all 100 people on a small commercial jet to get your own personal ride home.

    And
    1) I went to China in 2007
    2) I was in Anqiu, an agricultural city in Northern China
    3) I was teaching English

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  4. Neat! A comment stream is not a great place to carry on a conversation, so I'll postpone it. But I'd love to hear more about it sometime.

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  5. haha, I spend half my life on gchat, happy to talk about it there if you like :)

    Otherwise, you should come to Pittburgh and we can chat about our travels in person!

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