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So you’re all set for your next big adventure – maybe it’s to hike the Great Wall of China, or to see the ancient Inca ruins of Machu Picchu, or a cheeky one week getaway to the Caribbean.

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Oksana & Max hiking on the Great Wall of China
Oksana & Max hiking on the Great Wall of China

You go through your mental checklist of all the things you need to make this an unforgettable trip: passport, currency, photography equipment, extra clothes and toiletries. But while you prepare for your trip, you come across something that you never really thought twice about packing: travel insurance.

One of the most important things you should have on your travels (and, really, for life in general) is coverage for your yourself and your belongings. You never know when and if you’ll need it.

Before you head out on your trip of a lifetime, here are some questions to consider before buying travel insurance.

Do I need it?

Are you already covered by government insurance, work insurance, or even your credit card? Don’t rush to purchase travel insurance until you understand what coverage you already have. Learn more about insurances at this site. Your government or work insurance will often cover you for emergency medical insurance for out of country travel for 14-30 days.  Many premium credit cards also offer travel insurance as a cardholder benefit.

buying travel insurance

Where are you going?

Not all trips are the same and unfortunately, not all countries are equal in the eyes of insurers. So consider your destination and the risks that come with it before buying travel insurance.

buying travel insurance
Cruising in Havana

If you are from the US, very few insurance companies will cover you for travel in Cuba. Same goes for travel to any country with any travel warnings or alerts.  

Make sure to read the fine print to find out what type of coverage is available for the countries you are visiting.

What kind of coverage do you need?

Most travel insurance providers offer a variety of coverage options, ranging from trip cancellation and interruption, medical, evacuation, baggage, flight insurance and rental car insurance. Online insurance consultants like those from the Money Expert are there to help with the complexity of it all. It’s easy to get overwhelmed with the options and by default opt for all types of coverage. But the question is, do you really need it all?

buying travel insurance
Oksana’s broken leg in a cast. Nicoya hospital. Costa Rica.

For us, emergency medical is always a must, because accidents happen when you least expect them, but the other coverage may not be essential. Consider how much you have already paid for your trip (in flights, hotel reservations, etc.) and whether the extra costs for trip cancellation or interruption is worth it. If you don’t have many rebooked activities, tours, and hotels, you might not need trip interruption insurance.

buying travel insurance
Camera equipment. You’ll want to get this insured!

Consider the valuables you carry in your luggage and the cost of replacing them should your bags get lost along the way. Consider whether it’s worth insuring your camera gear or any other electronics from theft or damage (we always do this). If you are traveling light and don’t carry expensive electronics with you, paying a premium for baggage and possession loss may not be worth it.

buying travel insurance
Cruise America RV parked in Kaibab National Forest in Arizona

And last, but not least, consider whether the benefit of extra car insurance is something you need on each particular trip.

What will you be doing while abroad?

Many travel insurance companies do not cover adventurous and high-risk activities such as skydiving, bungee jumping, scuba diving, and even high altitude trekking.

buying travel insurance
Loving our dive in Cozumel!

Make sure you read the fine print or speak to the company’s representative to ensure that no matter what you choose to get up to on your trip, your adventures will be covered by your travel insurance.

When are you departing? Are you already overseas?

It’s worth noting that most travel insurance providers require you to purchase coverage before you depart your home country.

buying travel insurance
Peaking out of Cog Railway en route to the top of Pikes Peak in the Rocky Mountains, Colorado

But if you have forgotten to purchase travel insurance before departing on your trip, don’t stress, there are still a number of companies, including World Nomads, our preferred travel insurance supplier that can cover you even if you are already abroad.

Keep in mind that in this scenario, you will likely have a 24-48 hour window of non-coverage, which you should account for in your planning.

Do you have any pre-existing medical conditions?

Beware, as many travel insurance policies do not cover any medical expenses associated with pre-existing conditions. If you have one, it’s worth asking the question before making a purchase, as you might need to pay a premium or go with a higher premium provider to ensure that you are covered.

Planning a long-term trip?

If you’re planning a long-term trip, there are a few things you need to keep in mind. Make sure that your insurance provider allows you to top up your plan. You know, just in case your long-term travel plan turns into an even longer-term travel plan.

buying travel insurance
On our long-term travel

The other annoying thing to know is that your insurance will be void as soon as you return home. If you are on a 12-month plan and 6 months into the trip you decided to come back home for an event or just because you miss your family and then continue your travels, you’ll lose the other 6 months of coverage.

If you are not sure what your travel plans are, we suggest that you buy shorter coverage and top up on the road.

Are you traveling with family or as a couple?

Make sure that all members of your family are insured under the same policy. This will make filing any claims much easier.

buying travel insurance
If you’re a couple, only fill out one travel insurance policy. Photo taken north of Prambanan in Central Java

We’ve made a mistake of getting two policies once and the sheer amount of paperwork associated with one of our claims almost drove us insane.

Have you read the fine print?

No matter which travel insurance provider you are considering for your trip, make sure you fully read the policy terms and conditions. If it sounds tedious, it is. No one likes to read the small print, but this is one time you really need to do it.

buying travel insurance
Reading the fine print allows us to have more moments like this. Photo taken in the Sahara Desert, Erg Chebbi. Morocco

Sadly, over the last few years we have been burned a few too many times by travel insurance providers, so now we take the time to read the document in full.

Our Recommended Travel Insurance Provider

Over the last 2 years, we’ve been buying our travel insurance from World Nomads, an insurance underwriter for adventurous travelers that offers cover for overseas medical, evacuation, baggage and a range of adventure sports and activities.

World Nomads is backed by a suite of specialist travel insurers who provide cover to people from 140 countries, offer 24-hour emergency assistance, and fast claim processing (we’ve personally tested this!).

buying travel insurance

World Nomads offers cover that’s flexible (perfect for those that need to top up on the road), competitively priced (actually the cheapest insurance we’ve found for us), and covers a range of adventure activities, giving us peace of mind on our travels.

Traveling soon? Use the widget below to get a quote on your next trip and see how it compared to your preferred travel insurance provider.

 

 

What other questions do you have when buying travel insurance? Let us know in the comment section below!

 

2 thoughts on “Questions to Ask Before Buying Travel Insurance”

  1. Hello guys and thanks a lot for your tips. I am about to purchase an insurance for my next trip and I heard good things about Heymondo. Have you ever heard/tried this company?Any tips would be very appreciated 🙂

    1. Hi Sarah, no we have not used Heymondo or ever come across it in our research. We would recommend that especially now when the travel industry is in distress that you purchase insurance with reputable providers that you know are not going to go out of business and leave you hanging with unpaid claims.

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