You need to know about travel insurance. Boring, but important. No..Yeah Boring. Dude, you’re just going to have everyone shut the video off. Hey! We’re talking about something boring! But important. Okay, anyways. We’re going to talk about what it is, when you need it, and how to get it. Ready? Good.
Let’s go! Travel insurance is protection against anything bad that can happen while on the road, from losing your luggage to losing your life. Insurance is one of those things that you never need, until you do. So let’s start with what travel insurance covers. The basic categories are: Medical Insurance Emergency Evacuation; Accidental Death and Dismemberment;
Travel Protection; and Baggage Protection. Plans typically combine coverage from all these categories So the way to save money is by knowing what you do and don’t need. Got that? Good Let’s dive into each category. First up: medical insurance. Now this is going to cover any bills you might have from going to a hospital abroad.
But first, you need to think about where you’re going. In Europe or Canada, you might not need it because health care is mostly free, even for foreigners. But not so in the United States, where even a quick visit to a hospital or doctor could run you thousand of dollars out of pocket. Remember that travel insurance is not a substitute for the health care that you have back at home. It’s just protection against accidents overseas.
You can’t use it to get your teeth cleaned, but it will cover you if you get hospitalized for malaria. That being said, if you are American ,or if you are already paying for health care back home, there are global health care plans. So, if you travel regularly, find a plan with global coverage. Next up, we have emergency evacuation and accidental death and dismemberment. Nobody likes to think about dying or serious injury, but when “shit hits the fan,” you want this sort of coverage.
Emergency evacuation insurance pays for you to be airlifted to a local hospital, or flown all the way back home. Imagine that you’re back packing somewhere remote, like the Canadian Rockies. You fall off a cliff. Oh no. And you need a helicopter ride to go back to the hospital and save your life. Helicopter rides to the hospital are not cheap. Or you could get in a serious accident in a developing country where there’s not a great health care system. Emergency evacuation insurance will pay for you to fly home so you can get proper treatment in your own country.