While you clearly don’t want to think that you might experience an emergency while you are traveling or on vacation, preparation is a virtue that the regular traveler must practice; there are no guarantees in life, and less so when you travel outside of your comfort zone. Should you run into an unfortunate situation while abroad you will be glad to have travel insurance!
What travel insurance can do for you
The beauty of travel insurance is that it can cover you in quite a diverse range of situations. If you fall ill or are injured whilst abroad travel insurance can cover your medical fees and even the cost of special arrangements for transport home, if you lose your luggage or have something stolen travel insurance can cover the cost of a replacement. Travel insurance can even cover the cost of evacuation should something happen within the country you’re in!
It might seem like a lot of hassle and cost for something you hope to never need, but what you’re really paying for is peace of mind, and the knowledge that you and your travelling companions are taken care of.
What Should Be Covered in your Travel Insurance Policy
Different people need different levels of cover, certainly, and if you’re new to all this it can be hard to know what you really need, but there are some basics that we would deem essential to any plan.
Firstly, it is pretty key that you are covered in the country that you’re in (a more common oversight that you’d like to imagine), and that you’re covered for personal accident, injury and illness so you want coverage for medical expenses, and we’d recommend that $100,000 USD worth of coverage be the minimum amount. Emergency care, 24 hour emergency assistance, and emergency evacuation in the event of disaster is also important. We recommend you consider $300,000 USD worth of cover for emergency evacuation and transportation.
Secondly, cancellation cover is pretty much a necessity, and two kinds can be found; cover for when you cancel by choice, and cover for when the cancellations occur due to things out-with your control. We’d recommend you get cover for both so you’re covered whether you have to cancel due to family emergency, sickness, or injury, or your bookings, flights, or accommodations are cancelled due to extreme weather, or political upheaval in the country you’re vacationing.
What generally Isn’t Covered
When it comes to valuables and electronics most policies offer very limited coverage, so you need to be making a preliminary list of what you’ll be taking with you and think about whether or not you need to take out extra coverage for jewellery, cameras, documentation, and other personal goods. Likewise, it’s always good to keep in mind that any activities considered reckless by the insurer (such as skydiving or bungee jumping) will negate coverage in some circumstances.
In the long run, however, it’s better to have travel insurance when you go abroad; it can save you a lot of stress and heartache should something go wrong.