How to Choose Travel Insurance for Your International Adventure
Congratulations – you've planned your next dream vacation or volunteer trip abroad! If you're like most people, you're probably focusing on booking accommodation and plane tickets and deciding which sites you want to visit.
But before you pack your bags, it's important to consider purchasing travel insurance to protect yourself and your trip. Travel insurance can cover you and your fellow travelers if there are any unexpected accidents, injuries, or trip cancellations.
However, you might be confused about how it works, so let us guide you. Along the way, we'll share expert travel insurance tips to help you make informed decisions about protecting your next adventure.
Congratulations – you've planned your next dream vacation or volunteer trip abroad! If you're like most people, you're probably focusing on booking accommodation and plane tickets and deciding which sites you want to visit.
But before you pack your bags, it's important to consider purchasing travel insurance to protect yourself and your trip. Travel insurance can cover you and your fellow travelers if there are any unexpected accidents, injuries, or trip cancellations.
However, you might be confused about how it works, so let us guide you. Along the way, we'll share expert travel insurance tips to help you make informed decisions about protecting your next adventure.
What Kind of Travel Insurance Do You Need?
Before securing a policy, it's essential to understand what type of coverage you need most. We recommend researching and educating yourself about the various policies available.
Travel insurance can cover trip cancellation, lost luggage, emergency medical care, evacuation to your home country, and more.
To familiarize yourself with the different types of coverage, read our helpful guides:
- Trip Cancellation Insurance: This covers the cost of your trip with some additional benefits, such as emergency medical coverage, lost luggage reimbursement, and trip delay compensation.
- Travel Health Insurance: This type of insurance covers medical expenses and other risks for travelers going overseas for less than a year.
- Emergency Evacuation: Provides assistance and transportation to the most appropriate hospital in an emergency situation.
- Extreme Sports Coverage: This insurance covers travelers participating in adventurous or extreme sports, such as mountain biking and scuba diving.
Should You Buy Travel Insurance?
You may be wondering: is travel insurance worth it? For some, especially those taking short solo trips, it might seem like an unnecessary expense.
However, keep in mind that life is unpredictable, and a small investment in travel insurance can protect you from significant financial burdens if the unexpected happens.
The Value of Travel Insurance
When planning an international trip, having the right travel insurance is crucial for your safety and peace of mind. Whether it covers medical emergencies, accidents, or unexpected trip cancellations, insurance can protect you and your travel companions when things don’t go as planned.
When Travel Insurance Might Not Be Necessary
Not every trip requires travel insurance. If you’re embarking on a short, low-risk journey – especially domestically – you might feel comfortable forgoing coverage. Here are a few reasons why travel insurance might not be essential for your trip:
You Already Have Coverage
Some credit cards, such as American Express, offer limited travel insurance, so it's wise to check your card's benefits before you go.
Typically, you have to use that credit card to purchase your travel arrangements in order to activate the insurance. You may also have adequate travel insurance if you have other policies that cover you, such as homeowners, car, life, or health insurance, which can sometimes protect you during short-term travel.
You're Traveling Domestically
Travel insurance is likely unnecessary if you plan a last-minute weekend getaway. Once you book, cancellation is unlikely, and you'll generally be covered for healthcare while in the country. Moreover, the coverage for lost luggage (if you're checking a bag) and trip interruption may not be worth the cost of a policy.
Your Trip Cost is Minimal
If you haven't spent much on your trip – for instance, you got a cheap plane ticket and are staying with friends – you might consider taking the risk rather than paying for an insurance policy. Insurance is most beneficial when you're not willing to lose the amount you've prepaid for your travel.
Also Read: Credit Cards and Travel Insurance
Buy Travel Insurance Early
If you decide to purchase travel insurance, it's best to research and buy your policy while planning and booking your trip.
Many travel insurance plans require you to purchase coverage within a certain number of days after you start paying for your trip to take full advantage of all available options. Therefore, travel insurance should be a key part of your trip-planning process, not an afterthought.
If you've already booked your trip, there is still time to get protection. Even if your travel has already begun, you can buy travel coverage, but be aware that there may be limits on what is covered.
Don't Settle for the Cheapest Travel Insurance Plan
When buying travel insurance, many people mistakenly assume that any plan they choose covers all situations. But this is not the case.
Often, travelers choose the cheapest plan, thinking it will cover all their needs. However, it's important to shop for a plan that truly meets all of your needs. For instance, it's essential to make sure that the coverage limit for medical expenses is high enough to handle significant injuries, so you're not left with costs that exceed what the plan will cover.
You should also know how much of your travel expenses will be reimbursed if you need to cancel your trip, and which reasons for cancellation are covered by your plan.
Make sure to check the details of the plans you’re considering carefully. Sometimes, the one that costs a little more can save you a lot in the long run!
Related: The Best Travel Insurance Companies
Compare Plan Benefits and Exclusions
One of the most important travel insurance tips is also one of the most overlooked: read the policies in detail! In travel insurance plans, benefits refer to what is covered, while exclusions refer to what is not. Understanding both areas is crucial for making an informed choice.
Travel insurance companies should provide this information, so take the time to compare the benefits and exclusions of the plans you are considering. One provider might exclude coverage for certain benefits that others include, while some may offer unique benefits, such as coverage for extreme sports, that most plans don't provide. It's important to thoroughly read the plan details before making your choice.
As you conduct your research, consider your destination, risk tolerance, and what you plan to do if something goes wrong. Also, keep the following travel insurance tips in mind.
Know the Dangers of Where You're Traveling
Before purchasing travel insurance, it's essential to consider the travel warnings and restrictions for your destination.
You should also know what type of environment you will be in, such as areas with high crime rates, war zones, or other complications that travel insurance may not cover. Are you traveling to a region that is prone to natural disasters like earthquakes or hurricanes? Make sure your travel insurance plan specifically covers these scenarios.
By gathering information about your destination and its potential risks, you'll have a better understanding of what situations your travel plan will and won't cover.
Plan for the Worst Case Scenario
Of course, it’s uncomfortable to think about the bad things that could happen to us or our loved ones while on vacation. However, the alternative – facing an accident or tragedy unprepared – is far worse.
Make sure to choose a travel insurance plan that prepares you for the worst-case scenarios, including major accidents, severe sudden illnesses, or even the repatriation of remains in the event of death.
Unfortunately, while this is a crucial topic that everyone should consider, not many people take the time to think about it.
Prepare to Make Claims
The best travel insurance plan is one you never have to use. However, if something does go wrong, you'll need to submit a claim.
As you compare plans, be sure to review the claims procedures for each option. If you need to use your insurance, it's essential to know where to start in order to access your coverage, so keep this information handy while you travel.
Additionally, remember to keep all your records, bills, and payment receipts while you are abroad.
Weigh Your Options Carefully
When choosing between different insurance plans, it's important to consider your individual needs and the coverage each plan provides.
For instance, trip cancellation insurance protects your investment if unforeseen events disrupt your travel plans. Travel health insurance covers unexpected medical expenses during short-term trips, providing peace of mind in case of illness or injury abroad. For those who travel frequently or live abroad, global medical insurance offers more comprehensive, long-term health coverage, ensuring access to medical care wherever you are.
Evaluating your travel habits and health requirements will help you select the plan that provides the best protection for your journey.
Travel Health Insurance
Find the Best International Travel Insurance
- Get multiple quotes and coverage options
- Travel Medical, Trip Cancellation & more options available
- Find the best plan for your needs and budget
Global Medical Insurance
Find the Best International Medical Insurance
- Compare multiple quotes and coverage options
- Work with an insurance expert at no additional cost
- Find the best plan for your needs and budget
Make Your Choice and Pack Your Bags
If you still need help choosing a plan, you can contact one of our licensed brokers, who can help you find the right coverage for your situation and budget.
If your travel agent offers a travel insurance policy, make sure to research it thoroughly before buying. Travel agents typically work on commission and often have a relationship with a single provider. An online, travel-specific insurance broker that offers multiple options is usually your best bet.
Once you have your plan in place and paid for, you'll be ready to embark on your next trip abroad with the peace of mind that travel insurance provides.
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Author: Kamela Hutzley is a Senior Editor at International Citizens Insurance. She is a native New Jerseyite who recently emigrated to Halifax, Nova Scotia. In late 2022, she spent a month each in Ottawa, Montreal, and Quebec City, before deciding on Atlantic Canada for the long haul. She’s traveled to Hawai’i, Jamaica, France, Spain, the UK, Ireland, Greece, Switzerland, Germany and the Netherlands. Kamela writes about International Life Insurance, Travel insurance, and Health topics as well as advice for expats and travelers.