bigtravelbuzzTravel insurance is one of the first things to consider when traveling. Financial protection against contingencies such as medical emergencies, flight cancellations, and stolen valuables. Travelers can be as cautious as possible, but there is always the risk of the unexpected, so it’s best to be as prepared as possible. For a few dollars a day, you can travel stress-free and relaxed.
3 Best travel insurance
All travelers have different needs. Some people are traveling with expensive equipment and need more compensation for their belongings, while others are skydivers and need more compensation for their activities. Take a look at the following companies and their pros and cons to choose the right travel insurance!
1. Haymond – perfect for long stayers!
Advantage:
- There is a convenient app that allows you to chat with doctors online 24 hours a day.
- No cost. If you call the emergency number, we will pre-pay the cost. Great if you travel to expensive countries!
- Price/performance ratio:
- Very low annual premiums.
- Long-term protection is perfect for long-term travelers. very responsive customer service
- Covers medical expenses up to $10 million.
- Delay, Cancellation and Interruption Covers under this with up to $7,000 coverage
- COVID-19 (novel coronavirus infectious disease:
- It also covers medical assistance and costs in case of coronavirus.
Disadvantages:
- 2016: Established a new company.
- Few reviews about the quality of service.
SafetyWing – perfect for digital nomads!
Advantage:
- “Insurance by Nomads for Nomads”. High coverage for those who travel for long periods while working.
- You can even log in when your journey has already started.
- If you contact us to confirm your desire to renew, we will automatically renew the policy each month for up to one year.
- We are working to expand health insurance to cover everyday medical care, not just emergencies (October 2020)
- Much cheaper than most other insurance companies.
- Cover a visit to your home country. The number of days allowed depends on your home country.
- COVID-19 (novel coronavirus infectious disease): From August 1, 2020, all new Nomad Insurance policies will cover coronavirus (unless you contracted the virus before coverage began).
Disadvantages:
- Laptops, cameras and other electronic devices are not covered. This will change in the near future.
- Extreme sports such as paragliding and skydiving are not covered in this.
- It is not available for those above 70 years old.
World Nomads
Advantage:
- It is highly encouraged from National Geographic and Lonely Planet.
- One of the leading travel insurance providers
- For backpackers, we offer competitive prices and a wide range of adventurous sports and activities. However, claims related to COVID-19 are not covered.
- You can even purchase additional insurance while you are away, renew your insurance, or even cancel your insurance after you leave your home country!
- Most volunteer experiences are covered, but many insurance companies do not. For example community projects or fruit picking.
Disadvantages:
- 70 years and older are excluded.
- COVID-19 (novel coronavirus infectious disease): World Nomads does not cover any claims related to coronavirus or cancellations due to “travel anxiety”.
Why do you need travel insurance?
Travel insurance is essential to protect you from the unexpected. It’s something you hope you’ll never need, but eventually you will. B. You lost your phone or damaged your camera. However, it also includes more serious situations such as: B. If a close relative passes away, we will cover the airfare to return home.
In addition, travel insurance covers medical expenses if you get sick while traveling. No one can predict food poisoning or broken ankles while climbing, so it’s important to have insurance just in case. Traveling is the most exciting experience in itself. You don’t lose all the money you invested in your trip just because you don’t have travel insurance.
Steps for choosing the right travel insurance
Never judge a good travel insurance by its price. The most expensive insurance may not cover the activities you want to do while traveling. The cheapest policy may have a higher deductible (also known as a deductible). Consider the following when choosing the best travel insurance:
1. Cover your activity
Planning an exciting extreme sport while you’re away? Make sure your specific sports and activities are covered. If you want to go skiing, skydiving or bungee jumping, many policies don’t cover it. You may need to pay additional coverage or choose another insurance company.
2. Determine the value of belongings
Most policies insure your property up to certain limits. For this reason, it is best to think about what to bring. For example, if you’re a lighter person, you rarely need a cover.
However, if you’re traveling with a camera, laptop, or expensive jewelry, you’ll need higher coverage. Make sure there is
Tips: Make sure the value in the lost baggage section of your policy is high enough. If your luggage is lost by the airline, we recommend that you ensure that the cover is tall enough to hold all of your belongings and the actual luggage itself.
3. Is medical insurance part of travel insurance?
Travel insurance medical coverage is intended for “emergency” situations, not for normal day-to-day medical care. For example, if you eat dangerous food in Thailand and get food poisoning, your travel insurance will cover necessary medical care at the hospital. However, if you are taking medication on a regular basis, it will not be classified as “emergency care” and should be arranged prior to travel. (here is the best travel insurance)
Tips: Moving to any other country for a prolonged duration of time? International health insurance covers both emergency and routine medical care.
Medical budget
It is advisable to consider the country you are visiting as medical costs are very high in countries like the United States and Norway. Check the medical budget allocated for your insurance, especially when considering hospital costs. This is because most policies require hospitals to make payments before claiming.
Useful information: Heymondo does not charge any fees. Just call our 24-hour phone number and we’ll prepay for your emergency care.
4. Is cancellation insurance covered by travel insurance?
Canceling your trip is important if you are not traveling as part of a package deal. For backpackers who arrange their own trips, it may be necessary to include flight cancellations. For example, if an airline cancels a flight, or if unforeseen circumstances require us to cancel a trip.
Tips: Check to see if your travel policy allows cancellations due to COVID-19.
5. Excess
A deductible is the amount the insurance company pays for a claim before paying the rest. For example, if the personal item deductible is $75 and the value of the stolen item is $500, you pay the first $75 and the insurance company pays the remaining $425. For this reason, you should avoid cheap insurance with high deductibles, especially if you are traveling with valuables or traveling to expensive countries.
On the other hand, if you have low-value belongings or if your trip is generally of low value, you may also want to set a higher deductible. For example, if your flight cancellation overage is $200 and your flight costs $160, you cannot claim a flight refund.
6. With whom you are going and for what duration?
To find the best insurance for you personally, consider how often you travel and who you travel with. If you travel frequently for up to a year or longer, a yearly warranty may save you money. If you are traveling with your family or partner, you may be able to get a better deal by opting for family or couples insurance.
Tips: Check the countries included in the policy. Global policies often exclude the United States, Canada, Mexico and the Caribbean.
COVID-19 Travel Insurance Warning (October 2020)
Most travel insurance policies will not cover you if you are visiting a country that has travel bans due to COVID-19 or if you are traveling against government recommendations. Most insurance companies won’t cover medical bills or vacation cancellations due to coronavirus. This is because coronavirus is what travelers are currently aware of and is considered a ‘known event’.
Fortunately, most hotels and airlines will issue refunds or credits when travel is legally prohibited or canceled due to coronavirus. Carefully study government advice, check the entry restrictions for your country of residence and destination country, and call your insurance company to verify your coverage.
Tips: Please be careful to renew your insurance if you are already traveling, as circumstances may change and insurance coverage may change due to COVID-19.
Things to consider in travel insurance
There are a few things to keep in mind when purchasing travel cancellation insurance. everytime:
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Remember to read the terms and conditions of your insurance at least twice to make sure the fine print is appropriate for your trip. Every insurer has a different idea of what ‘risk’ or ‘adventure sports’ is. For example, some classify horseback riding as high risk and even demand payment of additional compensation. Make sure your insurance covers your age (e.g. higher rates for those over 65) or you may have a pre-existing medical condition.
Understand the definition
Check the meaning of certain definitions. For example, if you have to fly home due to the sudden death or injury of a “close relative”. Different insurers may define “close family members” differently. For example, a parent or sibling may have insurance, but an aunt or cousin may not.
Don’t be irresponsible
Most policies have general exclusions that do not cover travelers. For example, travelers typically do not submit a claim if:
- Intoxication caused by alcohol or drugs.
- Engaging in criminal or illegal activity.
- Reckless or deliberate self-endangerment. For example, jumping off a cliff into the sea or driving off-road.
- Abandoned item rights. To avoid the risk of loss or theft, make sure you always have your belongings with you.
- Travel with pre-existing medical conditions that have not been disclosed. Be honest and direct with your insurance company so that you get the best coverage for your needs.
Choose an insurance company with a 24-hour hotline
This is important so that you can call your provider at any time of the day or night. You never know when you might get into trouble, especially if you’re traveling in a different time zone than your insurance country. This is also very helpful if you need to call to renew your policy or add coverage for a new activity.
Use comparison sites to find out more
Don’t just go for the first cheap cover you find. Browse, use comparison sites, read reviews. You are guaranteed to find the policy and insurance that best suits your needs.