When you’re out traveling the world, it is very important to have a travel insurance in case of illness, accidents, theft, and robbery. These are just some of the many reasons why you should travel with a travel insurance. It’s not always easy to know which insurance you need, what’s included and if the price is good or not.
As I have been traveling for quite some time now, I’ve become pretty familiar with the travel insurance industry and compared several different companies. I’ve looked through what’s actually included in the price and got a great overview of different travel insurances that are suited for different kinds of adventures.
Down Below I have written why one should never travel without a travel insurance, my best travel insurance tips, and what you should consider when choosing an insurance for your next trip.
Why is Travel Insurance Essential?
Why are travel insurances essential? That may seem pretty obvious to you, but there’s still those who choose to travel the world without insurance. Most of these people often say: “Oh, it will not happen to me” or “I never get sick.” Yes, it might be true most of the time, but you still never know when the accident is around the corner.
During my time on the move around the world, I have encountered cleaners that have stolen my money and just some lighter illnesses, but despite that, I would never consider travel without a travel insurance. The reason why is very simple; it is simply not worth traveling without one.
Would I become ill and need surgery, the costs can accumulate so much that I can’t afford to pay for it. With a travel insurance, I only need to pay the deductible (usually around 150 euros), instead of hundreds and thousands of euros. The same things apply to your expensive travel gear, such as cameras, computers, and smartphones in case they get stolen or broken.
Theft, pickpockets, and robberies happen everywhere in the world, and it’s not just in developing countries that you have to have a travel insurance to stay on the safe side. A good travel insurance can be found for around 1-3 euros a day. It is super stupid to be cheap when it comes to your safety and health!
There are far too many examples of travelers who get into accidents abroad, who either had to burn a hole in their wallet or being denied health care. It’s those kinds of things that you don’t have to worry about if you have a good travel insurance to cover the unexpected.
What should be included in a good travel insurance?
- The travel insurance should be valid in most countries around the world
- Coverage of belongings or valuables that are stolen or broken
- Urgent and common diseases
- 24/7 customer service (if there’s an emergency you don’t want to hear a voicemail that says that you will have to call them another day)
- A good cancellation insurance
- Coverage of costs if a trip needs to be canceled earlier than it should be
- Legal fees and expenses
- Coverage if the company that you booked your travel with goes bankrupt
- Personal accidents
- Damage compensation for traumatic experiences, such as robbery or assault
- You should not have to pay out large sums yourself (very important)
Do I need an additional travel insurance on top of my home insurance policy?
It’s something that individual and depends on what your home insurance cover and what you’re planning to do during your travels. In Sweden, we usually have 45 days basic travel insurance included in our home insurance policies. How it is in other countries I, unfortunately, don’t have an experience of, but if you call your local insurance company I’m sure that they’ll explain everything to you.
My experience from home insurances is that you get basic coverage, so if you’re traveling with lots of valuables or do several adventurous activities, then you’ll probably not be fully covered. It all depends on what kind of trip you’re doing and how much your home insurance covers. So it’s individual if you need an additional insurance while traveling.
Make sure to check this before traveling, because you don’t want to end up in some kind of accident or theft and find out that your home insurance does not cover. Then it can cost you a lot of money.
Travel insurance through your debit/credit card
Most debit cards today has an included travel insurance when you book and pay half or 75% of the trip with your card. The majority of these travel insurances that are included via your debit/credit card are basically the same. If you’re a beneficiary member or a plus card member it usually offers better conditions and compensation.
As a regular customer, the travel insurance usually via debit/credit cards, provide compensation in case of delayed flights, lost/delayed luggage, cancellation and a protection in case of accidents. You can say that the home insurance and travel insurance through debit cards complement each other quite well.
Travel Insurance: World Nomads
My personal favorite is the travel insurance from World Nomads. A great insurance that covers residents from around 150 countries worldwide. You can buy their travel insurance 24/7 from anywhere in the world, even if you’re already traveling – something that’s pretty rare.
They are specialized on backpackers, adventurers, digital nomads and other frequent travelers, which have made them into being the number 1 travel insurance company in the world. This is the insurer the most travelers use worldwide and is trusted by big brands such as Lonely Planet, National Geographic, and Intrepid Travel.
- A travel insurance for travelers by travelers
- Buy, extend and claim online, even though you’re already traveling
- Great coverage (tech gear and 150+ activities and adventures)
- Emergency Medical Transportation
- Emergency Medical Evacuation & Repatriation
- 24/7 (fast) service
- Engaged travel community on social media
- They support local communities
- It doesn’t cover people over 70 years old
World Nomads is, according to me, one of the best insurance companies you can find – especially if you’re going on a backpacking trip or travel long-term. It’s affordable, gives you great coverage and is generally much better and cheaper than other travel insurances out there. I highly recommend them since I’ve always had a good experience of World Nomads.
You can use the widget below to search the right travel insurance just for you:
Except traveling without insurance, there are actually quite many common mistakes among travelers when it comes to travel insurance. Down below you can see some of the common mistakes:
- Clicking yes on unnecessary travel insurance and cancellation insurance when booking trips (Most will already be covered if you pay the trip by card)
- Don’t double check the maximum amount of compensation
- “Forget” to mention a disease/allergy when they sign up for insurances
- They do activities that are not covered by travel insurance
- They don’t read the fine print
- Forget to check how high the deductible is
- Getting drunk or using drugs (most insurance policies give no compensation if something happens when you have been noticeably drunk or drug-induced)
- That you have no order for your papers and receipts
- You don’t know how to apply for compensation if something happens
- That one does not check if you need to make a claim for each individual event
- To believe that it’s easy to extend your travel insurance if you’re abroad (For long-term travelers who have gone away for several months without returning to Sweden)
Making a claim
It’s no wonder that the most travel insurance companies have bad online reviews. It’s usually because the travelers haven’t read the wording of the policy and assumed something was covered when it wasn’t. It’s very IMPORTANT that you read the requirements for making a claim.
I know it’s boring reading the whole policy of an insurance company, but it’s the only way to really find out what is covered or not.
Make sure to document all your stuff. If you don’t have any proof, you won’t get reimbursement. Keep all receipts of your stuff and make sure to take a photo of your bag and all your gear/valuables – then you’ve got even more proof.
It’s also important that you document if you’ve been sick. Keep all the paperwork and receipts from the hospital. The more information and documentation you have, the easier it will be to get reimbursed.
Remember to always choose a reputable insurance company with a good record and happy customers. It’s your life and health we’re talking about, so don’t be cheap. World Nomads is an insurance company that I can recommend wholeheartedly since it’s one of the best companies out there.