Travel Insurance just might become your best friend when you travel abroad. Why? Because you never know when you might need it. Now you might have heard that before, but believe me on a number of occasions during my travels I was so thankful I purchased travel insurance for my holiday. It helped me when I had my bags. Then again when I fell over on a cobbled street and hurt myself and needed medical treatment. And it came to the party when my father died and I needed to get on a flight home quickly. So I’m now a bit of a pro when it comes to travel insurance. In this post I’m here to help you navigate the tricky waters of travel insurance, but by the end of this article, you should be a travel insurance pro and be able to choose the best travel insurance for travelling abroad.
Disclaimer: I am not a travel insurance expert, insurance broker or insurance salesperson. For specific questions about travel insurance policies, please speak to someone at the company you’re buying the plan from.
Please Note: This blog is updated December 2022.
Why You Need Travel Insurance
Why do you need travel insurance? Because accidents and mishaps happen when you are least expecting them to. And most of them are out of our control. That’s why having travel insurance is very important.
Now I’m not saying that you will lose your luggage. Sustain injuries from a fall off a motorbike. Have your flight cancelled. Loose your camera. Have something stolen. Need to change your plans because of a world pandemic. Or need to return home because a family member died, but you just never know! Ensuring you have all-purpose emergency travel insurance coverage that will cover you for a wide variety of accidents and mishaps is of great benefit. I would definitely suggest you don’t leave home without it. I’ve seen it help many and I’ve also seen many others regret not purchasing it.
I used it a number of times. When I had luggage stolen in Holland. Had a flight cancelled in Mexico. Got sick while travelling Europe and needed a doctor. When my father died and I returned to Australia unexpectedly. Each time I was able to make a claim and be reimbursed (I didn’t always get everything back, but most of the time). I’ve seen it help friends in similar situations. I’ve also seen friends who have not taken out travel insurance and lost or had stolen big ticket items, such as a girlfriend who had her computer stolen and she had to pay out of her own pocket for a new one
What to look for in a Travel Insurance Plan
Travel insurance can be complex and is often very confusing. It is wise to ask your travel agent to explain it to you. If buying from the Internet ensure you read it and understand what you are covered for. I know that is easier said than done. Redding the fine print can be laborious. But you should understand what you are covered for and for how much. Also, you should understand what you aren’t covered for.
Most Important Things your Travel Insurance Should Cover You For
To determine which insurance is best for you, consider factors like the policy’s total cost, your deductible, the coverage you need, your medical benefits, etc. Here are the most important things your travel insurance should cover you for.
- Cancellation fees and lost deposits incurred by unforeseen circumstances which require you to cancel your trip;
- Overseas medical, dental and emergency expenses;
- Emergency flight home if required – this should mean to your home country;
- Missed connections;
- Hijack and kidnap;
- Loss, theft or damage to your luggage;
- Travel delay;
- Accidental death;
- Loss of income;
- Personal liability;
- Legal costs;
- Electronic goods;
- Working holidays;
- Extreme sports – if you intend to participate in them.
Should You Buy Travel Insurance Before you Leave on Your Trip?
Definitely buy travel insurance before you leave on your trip. From the moment you head to the airport, train or bus station to leave on your trip, things can happen. You might have an accident. Your transport is delayed. Lots of things can happen. So have travel insurance to cover you from the start. If you don’t, you can purchase it along the way such as with SafetyWing, but you don’t want to wait until something happens before you get travel insurance cover.
What is the Best Travel Insurance for Travelling Abroad
🏆 I only recommend two companies to purchase travel insurance from:
- World Nomads – for general travellers and adventure seekers
- SafetyWing – for digital nomads and long-term travellers
While there are countless other companies to purchase your travel insurance from, the two I recommend will work for the vast majority of travellers.
Best Travel Insurance for:
General Travel – World Nomads.
Working Holiday Makers – SafetyWing.
Over 70s – World Nomads.
Digital Nomads and Long Term Travellers – SafetyWing.
Adventure Seekers – World Nomads.
Car Rental – Where you rent the vehicle from will offer car insurance to cover the car. I usually go with that. Some credit cards cover car insurance.
Bonus travel insurance suggestions. I call these bonus suggestions which I discovered during my research for my own travels.
- Credit Card – this is a bonus suggestion. Many credit cards provide travel insurance. Check this out before you travel.
- Reciprocal country medical insurance. Some countries have reciprocal emergency medical agreements. For instance, the European Union (EU) has reciprocal arrangements with EU countries. Australia also has a reciprocal emergency medical agreement with the UK and vice versa. See if you country has any reciprocal medical agreements available to cover you.
How to Make a Travel Insurance Claim when Travelling
Before purchasing your travel insurance for your travels check how to make a travel insurance claim when travelling. Is there a hotline number to call or must you register your claim online. Find these details out and keep them handy.
Final Thoughts: Best Travel Insurance for Travelling Abroad
After my years of travelling the world, I always recommend and take out travel insurance. As I said, I’ve needed to make a few claims over the years, and the instances I needed to, I am so glad I had travel insurance to fall back on. I’d love to hear your travel insurance stories in the comments following.