Improved Travel Insurance Benefits for Emergency Medical Evacuation

Insurance CIO Outlook | Thursday, March 14, 2019

For the year, travelers are offered a variety of deals on cruises from January through March. Every wave season, many travelers consider travel insurance before taking their vacation to protect their investment in travel and themselves. This has provided opportunities for many travel insurance companies to offer different policies.

Berkshire Hathaway Travel Protection (BHTP) is a travel insurance company based in North America. BHTP is a Berkshire Hathaway division that provides insurance and reinsurance services for property and casualty. The company’s mission is to innovate travel insurance and streamline the industry. The travel insurance plans of the company are designed with a core focus on protecting travelers for all different types of travel.

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BHTP has recently announced the launch of a new product, Wavecare, specifically designed to meet cruise travelers’ requirements. WaveCare provides medical evacuation coverage of up to $750,000, the highest limit of BHTP. The policy also provides medical insurance for emergency travel up to $75,000. A fixed benefit of $500 is available if the traveler is confined to board for more than five hours if the cruise ship is disabled.

Additional coverage includes full cancelation, interruption, delay, missed connection, and protection of baggage. When the insurance is bought within 15 days of the initial trip deposit date, there is a pre-existing condition waiver. WaveCare also provides worldwide travel assistance 24/7.

BHTP has also announced a series of improvements to its AirCare product, a fixed benefit air passenger insurance solution. AirCare now covers late-night delays and flight diversions as well as cancelations of flights, delays in flight departures, tarmac delays, missed connections, lost baggage, and delays in luggage. For domestic and international round-trip flights, it starts at $26.

Travel insurance can pay a large part of the cost of an emergency medical evacuation, including the upfront costs that evacuation companies usually require. It can also help to arrange transportation for a traveling companion alongside the patient.

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