Peru is a beautiful destination for travelers from all over the world. A question that many visitors to Peru usually ask is whether travel insurance is mandatory there or not.
We will answer this and many other Peru travel questions in this article.
Do I need travel insurance for Peru?
Although not required by Peruvian laws, travelers to Peru are strongly advised to purchase travel insurance policies with full coverage to protect themselves during their trip.
Comprehensive insurance policies will cover the traveler’s medical treatment costs and reimburse them in the event that they lose their luggage or encounter an emergency that necessitates the cancellation of the trip.
How much does travel insurance cost in Peru?
There is no single answer to this question. This is because different individual factors affect the cost of travel insurance policies and these factors vary from person to person.
There is no standard cost for all travel insurance packages, as policies are priced based on a percentage of the total cost of your trip. The percentage is usually between 4% and 12%.
Other factors that affect the cost of your travel insurance include the length of your trip and the amount of coverage you want your policy to have.
What is the best travel insurance to go with?
Comprehensive medical coverage, baggage loss coverage, and reimbursement for canceled, interrupted, or delayed trips are hallmarks of excellent travel insurance. All this must also be provided to travelers at competitive prices.
So far, the best company known to provide travelers with this type of policy is Travelex Travel Insurance. Travelex is an international organization that has been repeatedly ranked as the best of all travel insurance companies.
Allianz Travel Insurance is also a close competitor to Travelex.
Is it really worth buying travel insurance?
Travel insurance covers the high costs of medical treatment for foreigners in countries like Peru. It also saves you as a traveler the frustrating challenges that losing your luggage might pose and grants you a refund on canceled or delayed trips.
Purchasing travel insurance gives you all of this value for just 5% or 6% of the total cost of your trip. A very good deal if you ask me.
Is travel insurance more expensive closer to the trip?
Travel insurance does not cost more at the last minute than 30 days before the departure date of your trip. Whether you buy your insurance a full month before the trip or only 24 hours before the planned date of the trip, the price of your insurance policy will not be affected in any way.
That’s not to say that buying travel insurance early doesn’t have its own benefits. Travelers who buy their insurance immediately after making a financial commitment for their trip benefit from incredible bonuses and discounts that are not available to those who buy theirs later.
What is generally covered by travel insurance?
There are three main things that standard travel insurance generally covers. They are the following:
Medical care : Travel insurance covers all health issues of a traveler. These include the cost of emergencies, medical checkups and prescription medications while travelling. The insurance generally only covers health complications that the traveler did not have before the trip, unless otherwise agreed with the insurer.
Loss of baggage: Lost baggage is one of the most common inconveniences of air travel. There are a plethora of missing baggage reports every year. In case you are faced with this unfortunate event, your travel insurance will quickly step in to cover the costs once you file a claim.
Trip Cancellation or Delay: The last thing typically covered by a comprehensive travel insurance policy is canceled or delayed trips. If a serious unforeseen event prevents you from making your trip, your travel insurance will reimburse you for the canceled trip.
Common acceptable reasons for trip cancellations are serious medical conditions that render a traveler unfit to travel or the death of the traveler, travel companion or close relative.
Conclusion
Traveling to Peru itself is a wonderful experience. But there is nothing that ruins a perfect trip than the financial challenges brought about by unpleasant and unforeseen circumstances.
The best way to protect yourself for the duration of your trip is to purchase travel insurance.