Travel Insurance Frequently Asked Questions
In this day and age, when everyone's trying to cut down their budgets and save until the last dime when traveling, travel insurance might seem like a luxury that can easily be cut down from the costs list. Well, to anyone that ever visited a country with poor medical care facilities and fell ill, you'll know it's as necessary to have travel insurance as it is to have a comfortable roof over your head.
Even if you do find decent medical care in these places, it's most likely going to be in private hospitals and healthcare centers and the costs involved with these are usually so high that they make buying a travel insurance package seem a worthwhile investment.
Last but not least, buying travel insurance also means buying a little bit of stress relief and peace of mind, knowing that you're covered no matter what goes wrong with the trip.So what does a travel insurance package cover?
The misconception here is that travel insurance only covers medical issues, but in fact a full package will cover anything related to the trip, be it stolen or lost luggage, missed flights, trip cancellation, personal liability, funeral expenses in case well...something bad happens *knocks on wood*.
Like all insurance packages, you'll have various levels and different options to choose from. The basic travel insurance package will suit most needs, but some travelers will want to take a bit of extra precaution, for example insuring expensive personal effects or gadgets and the likes.Any quirks I need to watch out for?
Most definitely, as is the case with any type of insurance. Basically, when signing an insurance policy, you should really take your time to read through it several times. The thing is, insurance companies have their own conditions for travelers and you'd best understand them and respect them. For example, if the insurance policy states that it's not going to cover your expenses if you partake in any dangerous activities, then stay away from scuba diving with the sharks, eh? :) It will only feel worse when tending to your wounds to find out that you'll have to pay up to the last dime from your own pocket.
Some other things to look out for are specific exclusions that an insurance policy might have. For example, if your travel insurance doesn't cover a particular country, perhaps because it's deemed too risky to be travelling there, then either find one that does, or find a more peaceful destination. Another common type of exclusion is the work exclusion, where you don't get paid if you're on a trip that will have you working.
Last but not least, check out the maximum payouts for items. If your insurance only covers per item, getting your ,000 Macbook Air stole will leave you with a hole in the budget.Ok, sign me up, where do I get one of those travel insurance packages?
Obviously, there's a wide range of options when picking a travel insurance company and we've tried quite a few, with mixed results. One of the few companies that never failed to impress us with their service is World Nomads. Now these guys know their stuff when it comes to travel insurance and they tailor their offers with you in mind, a trait that you don't stumble upon very often in the shark-filled insurance business. Another strong point that World Nomads have is the ease with which you can buy an insurance package online - it's a no brainer and it makes travelling safe so much easier, knowing you're always a wireless connection away from extending your trip, making a claim or buying an insurance package from them in a matter of minutes.
We'll finish this off with a couple of travel tips from the guys at World Nomads:
Here are a few things to consider when choosing your insurance to make sure that you will be covered on your adventure:
Cancellation: It's no fun if you fall ill before you leave and cannot go on your trip. To claim though, you have to buy your insurance policy when you buy your trip. Not all insurance policies cover cancellation, so please read the policy wording relevant to you carefully
Lost or Stolen Gear: most travel insurance policies have a per-item value limit, make sure its high enough to cover your gear or choose a policy that allows you to increase the limit.
Medical expenses over and above evacuation: check that your cover includes emergency treatment while away and transport to bring you home, remembering that insurance providers will usually insist on getting you home as soon as you are fit enough to travel.
Adventurous Activities: look carefully at what your policy covers - you may find that you are not covered to do all of the adventurous activities that you are planning while you're away.
Personal Liability: Accidents happen. If it's found to be your fault and someone decides to sue you, you want to be covered.
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