Group travel insurance is a cheaper way of getting travelers insured. This is the most advisable for a group of ten or more people traveling together. In fact, the larger the number of people in a group, the higher the discount the group is eligible for.
The most common group insurance policies cover:
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Tourist groups: Many travelers join organizations or clubs that share the same interests. By virtue of the number of members, such organizations become eligible for group insurance policies at attractive rates.
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School activity participants: School kids need to travel from state to state to participate in curricular and extra curricular activities. Schools taking students for trips or for participant in contests opt for group travel insurance.
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Athletes, sportspeople and spectators: Sporting teams traveling together can opt for group travel insurance. Amateurs or semi-professionals can also seek coverage under group insurance to cut the cost of individual insurance. Even people traveling to watch a particular game or series can save money through group insurance.
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Special interest groups: People traveling for special reasons, like pilgrimage and summer vacations, or a specific activity, like skiing trips and nature travel, may travel in groups and get a group insurance.
Types of Group Travel Insurance
There are two types of group travel insurance:
· Basic group travel protection insurance: This insurance covers your trip against cancellation, interruptions and delays. It includes a medical clause for individuals and a protection clause for the baggage. This form of group insurance covers emergency medical evaluations and transfers to hospitals as well.
- Comprehensive Group Travel Insurance: This type of insurance covers everything mentioned above along with protection against terrorism and bankruptcy while on the move. As this group insurance provides more coverage, it costs more as well.
One should keep in mind that if all the members of the group have their individual health insurance and annual travel insurances, then the need for group insurance reduces to a basic one. In such cases, it is important to read the insurance policy details carefully and identify the areas that are not covered.