With so many variables to account for, choosing the right travel insurance is tricky business… here are some tips on how to choose the right one!
To begin with, it is important to note that travel insurance goes way beyond medical protection. It’s a way to protect you from any misfortune that could happen while traveling, from trip cancellations, medical, evacuations, and baggage. The number one rule is: even though no one wants to have to need it, it’s better to be safe than sorry! Here are some things to keep in mind while searching for a good travel insurance package. They should include the following coverage:
- Trip cancellation and interruption
Take into consideration that most insurances that cover trip cancellations and interruptions mean reimbursement only, meaning that once you get back home you’ll need to submit some paperwork in order to get your money back. It’s really annoying when you’re forced to change the course of your trip because of anything that might go wrong. With this type of policy, you’ll be able to alleviate the risk of losing money.
TIP: before purchasing this type of coverage, check with your credit card issuer as they might already cover this for your flights or tours.
One of the most important things to take into consideration during your travel insurance research is that your medical expense coverage should have a high limit. This is important because whether you get a minor injury or need serious attention, hospital bills should be your last concern. Some people say that medical assistance is the most important thing you need to take into consideration, but I also recommend that before you get a special medical policy, check your medical insurer as they may already cover you! Also, make sure that if they do, you’ll be completely covered while abroad; if not, having a medical assistance policy will come in handy.
Another important element of a good travel insurance plan is an emergency evacuation policy. This should be separate from your medical coverage and it should cover the cost of getting you to any medical center where you can receive medical attention as needed in the event of an emergency. Also, make sure that they cover evacuation from the hospital to your home country.
TIP: while researching make sure you read what’s covered before and after you get to the hospital. Keep in mind that medical and evacuation insurance may not apply if you’re doing an activity your insurer considers to be dangerous.
Unfortunately, lost luggage is a situation that could happen to anyone. Baggage insurance works for luggage that’s lost, delayed or damaged, and it’s usually included in every traveller’s insurance. What you have to keep in mind while researching (and these aspects are usually in fine print) is the reimbursement for things like lost jewelry, eye-wear, electronics, and photography equipment, because most policies put a strict cap of them.
Top 10 things a good policy should cover:
1. Most countries in the world.
2. Most of your electronics.
3. Injuries and sudden illnesses.
4. 24h emergency services and help.
5. Lost, damaged or stolen possessions.
6. Cancellation expenses such as hotel bookings, flights, and other transportation bookings.
7. Emergencies (whatever they may be) that cause you to head home early.
8. Personal accident coverage.
9. Any legal expenses that may be incurred.
10. Financial protection if any company you’re using goes bankrupt and you’re in another country.
Additional coverage is also important
Whenever getting a travel’s insurance is important to know what it covers and what it doesn’t cover. So here’s a short list of things you should know about what most insurances don’t cover.
1. If something happened to you while doing a reckless activity, you won’t get reimbursed. Also, note that every company has a different way to define what “reckless” means, so make sure you know what yours mean.
2. If you have a pre-existing medical condition you probably won’t be covered if anything happened to you in that aspect. Medical policies usually take care of emergencies rather than replacement for normal health care.
Making a claim
You will want to be very organized and have all the receipts, forms and documentation necessary. This will help the process to be a lot quicker and easier.
We hope this post will help you navigate the many travel insurance policies out there and also help put your mind at ease so that you may enjoy a relaxing and fun vacation!
Check our recommended Travel Insurance agency, World Nomads. Their basic policy covers all incidences (and way beyond) that may occur while on a Spanish Trails activity.