Travel planning isn’t all about booking flights and hotels, it includes a few boring aspects….one of them being travel insurance.
What is travel insurance you might ask?
Travel insurance is one of those things that you have to have, but hope you’ll never use.
If you’re a traveler that loves to count every penny then travel insurance is probably not high on your list, as you won’t reap any immediate benefit from your purchase…but trust us, travel insurance will save you A LOT of pennies when you have to make use of it.
There are different travel insurance options available, some travelers may be happy with a general policy, while others prefer a tailored package provided by companies such as World Nomads.
Various cover options include trip cancelation, luggage protection, emergency medical expenses, and emergency medical transportation.
What is travel insurance?
Travel insurance includes various types of cover for your travels. Here are the main things that travel insurance includes.
This is the most basic coverage and covers most events that would result in you not being able to take your trip.
Examples include but are not limited to: Sickness, Injury, Job Change, and Financial Distress (bankruptcy) to either yourself or any of your travel companions. A good policy may also cover Delays, Terrorism, Political Change, Supplier Cancellations and Natural Disasters.
Single Occupancy Coverage
If you have arranged for double occupancy accommodation and your partner cancels or has to change their plans, you can get the required “upgrade” covered by insurance.
Trip Delay / Missed Connection
Any delay that is out of your control can entitle you to compensation.
This coverage can provide access to local legal experts in the event you get caught in any legal misunderstandings.
Accident / Medical Expense
Any procedures or treatment performed during your trip or potentially as a direct result of an event that occurs on your trip. This segment of coverage can sometimes include a minor amount of Dental care as well.
Note that SafetyWing’s Nomad Insurance now includes cover for Covid-19. As with any other illness on the cover, all medical expenses will be covered – as long as you didn’t contract the virus before taking out the insurance. Testing for COVID-19 will only be covered if deemed medically necessary by a physician. The antibody test is not covered, as it is not medically necessary.
Some Medical plans will continue your coverage while you are traveling abroad so the Accident/Medical Coverage, Emergency Evacuation, and/or AD&D coverage may even be redundant for some travelers.
However, the medical coverage you get from a travel insurer can be of much better quality, and can put you as a traveler at a lower risk of having to pay up-front for exorbitant medical fees before being reimbursed.
If you are bringing your pet (this is generally restricted to a cat or dog) they can be covered for emergency medical expenses.
This coverage is necessary for trips where you may not be near medical facilities and you may need transport like a helicopter or express train to get to a proper medical facility.
Accidental Death & Dismemberment (AD&D)
If an event causes the loss of any body part (dismemberment), you can be compensated according to standard fee schedules. The other portion of coverage is self-explanatory.
If your baggage is lost or delayed, you can get reimbursed for necessities as well as clothing and other personal effects. Some plans will cover items that include laptops and electronic devices.
Questions to ask oneself before deciding on coverage include:
- Is my time away flexible or do I have a strict schedule?
- Does my plane ticket guarantee I make it to my destination? (i.e. Budget carries like Ryanair do not)
- What is the airline policy on lost/delayed baggage?
- Will I be in an urban setting or will I be far away from civilization? (Evacuation potential)
- Does my home country and the country I’m visiting have a strong relationship? (Legal Assistance)
- Who will I be traveling with? Is my traveling partner a potential flake that may end up costing me money?
- Do I need specific insurance, like volunteer abroad travel insurance?
10 reasons that travelers can benefit from travel insurance
Note that the below information is generalized, always consult your selected travel insurance provider for up-to-date information.
1. Emergency medical care
You never know when you could get sick or injured while on a trip. This is especially relevant if you are taking part in adventurous activities like hiking, snowboarding, surfing, or scuba diving.
With travel medical coverage, you won’t be paying a huge medical bill. You’ll also have assistance services – in your own language – to locate a suitable medical facility and arrange transportation.
2. Luggage protection
You never know when you’re luggage will get lost on the plane, get stolen while traveling on local buses/trains etc., or get damaged while in transit. This includes not only your clothes in your suitcase but your precious equipment such as camera, laptop, cell phone etc.
If your luggage is delayed, travel insurance will reimburse you for each day you are without it, and if it’s stolen you’ll be covered to be able to replace your items.
3. Cover if your trip gets canceled
There could be a number of reasons why you have to suddenly cancel a trip — illness, family emergencies, work responsibilities, or another emergency comes up and you can no longer go. You never know what life is going to throw at you.
With trip cancelation coverage, you’ll be able to recover your expenses for these covered reasons and more.
4. You miss your connection or your flight is canceled
If you are traveling a route that requires more than one flight and you happen to miss your connection for whatever reasons, many travel insurance policies will cover you for those missed connections. The same goes for if your flight is canceled.
5. Adventure and sports coverage
If you are planning on doing any adventurous activities or participate in any sports, you can get specific coverage. Specific cover can include a number of different activities including those in the snow, water, air, on land, and a variety of sports.
Whether your scuba gear gets stolen or you get injured while windsurfing, you’ll be covered.
6. Working or volunteering abroad
You can get tailored travel insurance if you’re going to be working or volunteering aboard, you’ll then be covered for anything that happens to you while on the job. Specific covers include for child care, general farm work, hospitality, restaurant, teaching, admin work, ski instructor, and even for office work.
7. Assistance with emergency prescriptions
If your prescription medication gets lost, stolen, or runs out, there are travel insurance covers that will assist you with filling in an emergency prescription.
8. Your travel company goes bancrupt
What happens if you book the most amazing trip with a tour company months before you’re due to leave on the trip, then just before something happens to the company and they close down? Some travel insurance companies will help you recoup your expenses already paid and help you book another trip.
9. Losing your documents abroad
This is possibly every travelers worst nightmare. A good travel insurance policy will help you replace your documents and assist in getting you home.
10. A natural disaster or terrorism act
Should a natural disaster such as a hurricane, earthquake, or flood occur or an act of terrorism happens wherever you are, you’ll want to get home. A travel insurance policy will assist in getting you home safely.
Also, if these should happen in your destination before you leave and have to cancel your trip, you’ll also be reimbursed for your expenses.
Where to get travel insurance
We are an affiliate of World Nomads, travel insurance provider.
Knowing what you are paying for and what your plan includes is important, and we hope the breakdown of each aspect of coverage helps you next time you are researching and purchasing travel insurance.