One thing we all have to buy before leaving on our long-term travels is travel insurance – traveling the world without an insurance is really not worth it in case something serious happens.
But the travel insurance industry is like a jungle, it’s really difficult to know which one to choose and what they normally should cover.
When comparing different travel insurance companies you will see that they often look very similar on the outside but actually differ quite a lot when it comes down to the details.
If you’re not sure exactly how long you will be away, make sure that the travel insurance company allows you to update and extend your travel insurance, it’s also a great bonus if they can pay you back the difference in case you go home early.
When comparing travel insurance companies, make sure that they cover:
Lost, Stolen and Damaged Items
Lost passport and travel documents, as well as your belongings like jewelry, clothes and electronics should be covered.
However, there are many circumstances when the travel insurance won’t cover you.
To sum it up, they will cover your belongings if it was stolen from you despite being locked up in safety box or concealed storage compartment, or if it’s stolen from you while you’re carrying it.
What it doesn’t cover…
It won’t cover you if you left your baggage unsupervised in public areas, for example not caring for the safety of your belongings.
Overseas Medical/Dental Expenses
If you get ill or injured during your trip that can cause serious harm if it’s not treated, the insurance should provide cover for urgent and necessary medical treatment and emergency dental treatment or hospitalization.
What it doesn’t cover…
I won’t have to say that it won’t cover plastic surgery and similar things, but also know that it doesn’t cover medical check-ups, vaccinations, STD’s, treatment where injury was caused by alcohol and drugs (remember that one!), chronic and reoccurring illness and pre-existing medical conditions that were there before you started traveling.
Compare this carefully between different travel insurances, especially if you have planned to do a bit of adventure sports.
Many insurance companies, such as the Carole Nash Insurance company have different types of insurance deals depending on what you need and how you will travel, whether you will be going on a two week ski holiday in Europe or backpack through South America.
Canceled Flights and Accommodation
If your trip is interrupted or if you get ill before your trip and have to cancel flights and pre-booked accommodation due to illness or a close relative’s illness or death, you should be covered.
The insurance should also cover the flight home if there is a case of emergency and you have to interrupt your trip.
If your transport has been canceled due to bad weather, illness or failure in service from the transportation provider, your travel insurance should cover the cost.
Good to know…
If your flight is canceled, overbooked or delayed for more than 6 hours many insurance companies will cover reasonable expenses for hotel, meals and local transportation.
Other Things Travel Insurance Should Cover: 24 hour emergency phone assistance, Personal liability coverage in the case of damaged 3rd party property or injury and all countries you will be visiting and the entire duration of your trip (including the day you return home).
Now that you have a check-list on what should be included in your travel insurance, compare different companies with each other and see if they all cover the things above and if some even have extra benefits.