While different people may use varying techniques, traveling insurance is something no one can do without. Many people traveling to countries where medical care is cheap think that there is no requirement to get traveling insurance. Though medical costs in most of these countries are quite reasonable, once you spend more than a few nights, you can still expect a hefty bill.
What should travel insurance cover?
The general idea is that medical insurance only covers medical care. However, if you can manage to get a reliable policy, travel insurance also provides coverage on stolen/lost luggage and other personal situations such as funeral expenses, personal liability or even trip cancellation. Though this is a morbid issue, but any case of death in during a vacation can cost a lot. Other expenses such as evacuation back to your country or dental treatment can also come up to quite a lot.
Looking for the right policy
Again, travel insurance can also provide other add-ons that covers camera gear such expensive camera equipment or digital gadgets such as iPods or laptops. However, a good starting point is something every traveller should look for. Most importantly, you should read the complete policy statement carefully. So it is important that you take your time and read the policy a couple of times before you can make any decision.
Factors to look into
When you are reading through loads and loads of fine print, make sure you are weary of the following factors.
- Potentially dangerous activities.
Many insurance companies consider hot-air ballooning, parachuting, diving, motorcycling etc. to be dangerous activities. So if you fall off the bike and are forced to face a couple of days in the hospital, you’re really going to feel the pinch of you find out that your policy does not cover this accident.
Again, your insurance company should offer coverage in the country you are travelling to. If this is not the case, there is no point taking the policy.
- Exclusions for working individuals.
If you are decide to work during your trip, ensure that your insurance policy has no clauses that state it as exclusion.
Keep all these factors in mind and you can be rest assured that your trip is going to be a safe and beneficial one. The need for insurance may not be felt every time but when it does, it really hits you hard. So make sure you have the right policy when the moment does arrive.
Nik Halik THE THRILLIONAIRE® , Author of the International Best Seller: The Thrillionaire®, World’s #1 7 Day Weekend Lifestyle Strategist
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