Imagine for a moment that you are scaling the rugged peaks of the Andes and just as you’re about to summit, you lose your footing and fall, leaving you with serious injuries. In this moment of crisis, private client insurance could mean the difference between stressing about a hefty medical bill and having peace of mind as you recover comfortably.
Whether it’s a broken leg, stolen gear, or an accident in which you’re liable for damages, the right coverage can safeguard your adventures worldwide.
Risks of International Adventure Travel
International travelers face a variety of risks as they explore far-off destinations, such as:
Health Risks
While traveling abroad, you may encounter unfamiliar illnesses and diseases. You’re also at risk of injury from adventurous activities that may require immediate or specialized medical care.
Travel Disruptions
Adventure travel often involves multiple flights and possible transfers, which are prone to delays and cancellations. Lost or delayed luggage can also disrupt your plans once you reach your destination, especially if you’re missing essential gear or medications.
Personal Liability
Accidents can happen no matter where you travel, leading to potential legal disputes. Incidents that involve property damage or personal injury to others could leave you facing legal action and substantial costs. Having adequate liability coverage can keep you protected from financial consequences.
Property Risks
Traveling globally often involves carrying important possessions, such as valuable equipment, high-tech gear, and costly cameras. The risk of theft is significant, especially when visiting highly populated areas. Insurance can compensate you for lost or stolen items to help you recover the value of your belongings.
Defining Private Client Insurance
Private client insurance is a specialized type of coverage targeted toward high-net-worth individuals who require more customized, complete coverage than standard policies offer. These flexible policies are built to meet the specific needs and preferences of clients and offer enhanced coverage limits and personalized services.
How to Prepare Before Travel: Insurance Considerations
Aside from packing important gear, clothes, and other travel items, you’ll want to take time to review your insurance needs. Consider the following steps to stay prepared:
Assess Risks and Coverage Needs
Evaluate destination-specific risks, such as political instability, health advisories, and environmental hazards. Some destinations are prone to natural disasters which may require an evacuation plan.
Other regions have high altitudes, making coverage for altitude sickness is a must. Also, determine the level of coverage you need based on your adventure plan and personal assets.
For example, if white water rafting is in your itinerary, consider having coverage for any high-value items you may bring along.
Consult with an Insurance Professional
An experienced insurance agent will have in-depth knowledge of the risks associated with international travel and high-net-worth clients. They can provide valuable insights and recommend policies that offer the most relevant coverage.
Review and Update Existing Policies
If you already have travel-related insurance coverage, carefully reevaluate your policies to determine if they need to be updated to cover new destinations or activities. Making necessary policy adjustments, such as updating coverage limits or adding endorsements that are specific to your travel plans, can help keep you protected while abroad.
Have an Emergency Plan in Place
No matter how well you prepare for an adventure, there is always a chance that something could go wrong. Having an emergency plan in place can leave you feeling better prepared to make the most of your trip.
Make sure that you know how to contact your insurance provider’s emergency assistance services and carry copies of important documents, such as your insurance policy details.
Benefits of Private Client Insurance for Global Adventures
Building private client policy to support your global adventures can have countless benefits, including:
Personalized Medical Coverage
Personalized medical insurance provides coverage for medical emergencies you may experience while traveling, including access to high-quality healthcare and specialized medical facilities.
Enhanced Travel Protection
When you encounter disruptions during your travels, having enhanced travel protection helps you overcome issues such as trip cancellations, delays, and lost or stolen luggage.
Personal Liability Coverage
While you never expect to be involved in a legal dispute with another person while traveling, it can happen unexpectedly. Private client insurance can include personal liability coverage that provides you with personalized protection against legal claims and liabilities while traveling anywhere in the world.
Around-the-Clock Client Support
Disaster can strike at any time. To stay protected, you need access to a dedicated support team that will support you through any emergency or travel issue you encounter. When choosing a policy, ask about client support and additional services available to you.
See How Atlas Insurance Can Protect Your Global Adventures
Based in Hawaiʻi, Atlas Insurance Agency has a long history of providing clients with the personalized insurance coverage they need to help them stay protected while traveling.
Contact Atlas Insurance at (808) 400-6680 to find out how private client insurance can support your global adventures.