What is a student travel insurance policy?
A student travel insurance plan is something that covers the student going abroad for the entire duration of their studies. It is not only essential but always required by many higher education institutions. If you’re preparing to study abroad then it can take a few to several months to plan everything as there are some very important things you need to take care of, from getting brochures to filling up application forms, applying for various scholarships and writing exams like GRE, GMAT, IELTS, TOEFL to calculating living expenses and booking accommodations and air tickets.
In all these things the matter of getting a good student travel insurance may end up getting shoved to the end of the to-do list. But this should not be the case as it is quite important to have student travel insurance. But to choose the best student travel insurance you should know few things like what all it covers, etc.
So, let’s take a deeper dive into it.
How is it different from normal travel insurance?
Travel insurance is usually for a shorter specified amount of time you’ll be going to stay in a country whereas student travel insurance will vary from months to years together. The travel insurance only covers travel-related risks whereas student travel insurance takes into account travel as well as academic-related risks like payment of tuition fees in case of the discontinuation of education due to inevitable events, paying for the stay of one of the family members when the insurance holder is not well and requires hospitalisation for over a week, payments for medical expenses and dental procedures, etc. The student travel insurance also makes you eligible for compensation in case of any adverse scenario. So, it is always recommended to take the best student travel insurance that covers almost everything because
studying abroad is expensive and you don’t want to spend your hard-earned money on medical treatment and other unavoidable things. The insurance will help you cover most of the costs and acts as a good backup option.
How to select travel insurance for students?
Most higher educational institutes overseas have their own set of rules and regulations regarding the travel insurance you must have. So ensure that whichever insurance cover you pick is in coherence with those suggested guidelines otherwise it will be rejected and you have to spend again to buy a new plan. Also, look for more established companies that offer you plans that are designed to suit all your needs and not just the ones which are beneficial only for them.
So while selecting any good insurance plan you should ideally look for the things mentioned below:
- Medical expenses
- Personal accident and other emergencies
- Tuition fees payment
- Loss of your checked baggage, bail bond insurance, etc.
There are some other optional coverages as well which include pre-existing illness, mental illness. These choices provide you with the flexibility to make your own plan by opting for the relevant covers and thus making it a university required plan.
Are student accommodation rent covered under travel insurance?
No, accommodation rents are not covered under travel insurance although some accommodation providers offer third-party content insurance plans included in the rent. This is great for students who don’t have any student travel insurance cover. The content insurance is usually provided by private student housing providers so if you’re choosing to live in a Purpose-Built Student Accommodation (PBSA) then it is highly possible that they will offer content insurance.
If you’re not yet aware of such student homes then these are modern-age student housing options. They are excellent off-campus alternatives because they come at various price points and offer a comfortable living space in a good location. You can choose from a wide range of room types on offer including studios, en-suites, shared rooms, private rooms, and penthouses. These accommodations are present in several countries such as UK, USA, Canada, Australia, Germany, and more. You can find these accommodations listed on the University Living website and talk to their team to choose the best that suits your needs. They also have one of the best travel insurance for students so you can be worry-free because you can pick both accommodation and travel insurance from one place.