We know, the last thing you want to think about while preparing your worldwide-trip is insurance.. However, it is very important to have one for unforeseen costs one might encounter during your travels and stays. There is only one thing worse than bad travel insurance, not having one at all. In the world we live in and the climate showing it’s extreme, you most definitely need travel insurance. In this blog we will discuss why you need it, the types of insurances and tips to make your life easier for choosing one.

Reasons why you need travel insurance:

  • If your luggage gets lost or stolen
  • Flight delays
  • Last-minute cancellation of a trip
  • If you need medical treatment

These are things that happen during travel, not to everyone, but still, you should not have to worry about the costs during your travel, because worldwide travel insurance covers them.

When searching for travel insurance it is important to keep in mind the length you are travelling. Are you away for a couple of months, or are you going to take many short trips in a year? Most standard travel insurances will have 30-day coverage. If, for example, you are travelling 3 times a year, you are in most cases better off with separate travel insurances per trip because it will cost you less than an annual plan. However, if you are travelling longer than 30 days per trip or let’s say doing a world trip, an annual travel insurance plan will be your saviour. Make sure you check with the annual travel plan if the coverage costs are per year or per trip. 

Outside the European Union, most people have private health insurance. These are insurances run by the private health insurance industry as opposed to government-run insurance programs. In The Netherlands, for example, all residents are required to insure themselves with a ‘basic insurance’ at a minimum, which in the coverage and premium are determined by the government. A worldwide travel insurance policy includes a higher cost of medical treatment into account. Always make sure that the destinations you are going to are included in your worldwide travel cover because worldwide, unfortunately, does not mean the whole world at some insurance companies. 

If you are bringing your expensive equipment with you during your travels or even the basics: phone, laptop and camera. These costs can add up if your properties are stolen, keep that in mind and always check how much you can claim. 

Travelling with your family? Most insurances cover your kid(s), but they are bound by age. Some cover them until 10 years old. Others cover them up to 18 years old. Choose wisely depending on the age of your kid(s).

Travel insurance does not cover everything, many travellers combine it with good health insurance that will evacuate you during medical emergencies. Some travel insurance covers your medical bills for example, but not medical transportation. So it is vital that you are fully covered. 

You take care of your travel insurance and let Short Stay Citizens take care of your accommodations!

 

By Leticia Gisela

Sources: 

Forbes, 2018

World Nomads

Compare the Market, 2019

MoneyCheck, 2019