When you’re out traveling the world, it’s very important to have a travel insurance in case of illness, accidents, theft, or robbery. These are just a few of the reasons why you should get a travel insurance before your next trip.
It’s not easy to know what insurance to get, to know what’s included in the price, or if it’s good or not.
I’ve been traveling full-time for years, and I’ve become quite familiar with the different insurance companies. Down below you can read more about why you never should travel without a travel insurance, what you should consider when choosing an insurance, and other good tips regarding travel insurances.
Why you need a travel insurance
This might seem pretty obvious to you, but there’s actually people who choose o travel the world without an insurance. Most of these people often say; “it will not happen to me” or “I never get sick”.
Yes, it might be true most of the time, but you never know when an accident is around the corner.
During my travels I’ve had things gotten stolen and I’ve also been so sick that I’ve needed medical care. I would never consider traveling without a travel insurance. The reason why is very simple; it’s simply not worth traveling without one.
If you become ill and need surgery the cost can become so high that you maybe cannot afford to pay for it. With an insurance, you only need to pay the deductible (usually around 150 euros) instead of hundreds or thousands of euros.
The same thing applies 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, 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 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?
- It should be valid in most countries around the world
- Coverage of belongings or valuables that are stolen or broken
- Cover 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
- 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?
It’s something that’s 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. How it is in other countries I do not know, 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 adventurous activities, then you will probably not be fully covered.
It all depends on what kind of trip you’re going on and how much your home insurance covers. So it’s individual if you need an additional insurance or not.
Make sure to check this before traveling, because you don’t want to end up in an accident or theft and find out that your home insurance does not cover it – it can cost you a lot of money.
Travel insurance through your credit/debit card
Most debit/credit cards today has an included travel insurance when you book and pay half or 75% of your trip with the 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 via debit/credit cards usually 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 are quite similar.
Common mistakes by travelers
Except traveling without insurance, there are actually many more common mistakes among travelers when it comes to travel insurance. Down below you can see some of the most 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)
- “Forget” to mention a disease/allergy when signing up for insurances
- Doing activities that are not covered
- 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)
- You don’t know how to apply for compensation if something happens
- You do 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
Making a claim
It’s no wonder that most travel insurance companies have bad online reviews. It’s usually because the travelers haven’t read the fine print 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 find out what’s covered and what’s 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 documentation and information you have, the easier it will be to get reimbursed.
Recommended travel insurance: World Nomads
My personal favorite is the travel insurance from World Nomads. It’s 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 one travel insurance company in the world.
This is the insurer most travelers use worldwide and is trusted by big brands such as Lonely Planet and National Geographic.
- 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 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 with World Nomads. You can use the widget below to search the right travel insurance for you:
Remember to always choose a reputable insurance company with 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.
Do you have any other questions about travel insurance? Leave a comment below!