A breakdown of factors like destination, activities, and health that impact the right policy for you.
Choosing the right travel insurance ensures peace of mind, whether you’re going on a weekend getaway or an international adventure. Here’s how to make sure you’re fully covered:
If you’re heading to countries with high medical costs (like the US or Canada), make sure your insurance has ample medical coverage. Medical expenses in these countries can skyrocket, so having robust coverage is crucial. Similarly, if you’re traveling to a country with limited healthcare access, ensure the policy includes emergency medical evacuation, which can help get you to a better-equipped facility quickly.
If your trip includes high-risk activities like skiing, scuba diving, or trekking, make sure your policy covers these. Many standard policies don’t automatically include extreme sports, so you may need to add adventure sports coverage. Without it, injuries sustained during these activities may not be covered, leaving you liable for potentially high medical costs.
Ensure your policy has sufficient medical coverage, especially if you have pre-existing conditions. Some insurers will cover these conditions if they’re disclosed upfront, while others may not. Also, check if your policy provides coverage for emergency repatriation, which is important if you need to be flown home for treatment.
Unexpected events, such as illness, a family emergency, or natural disasters, can lead to trip cancellations. Look for a policy that covers cancellations and curtailments so you can recoup the costs of flights, accommodation, and activities if your trip is unexpectedly cut short or canceled.
Travel insurance often includes coverage for lost, stolen, or damaged belongings, but limits can vary. If you’re carrying expensive items like electronics, cameras, or jewelry, ensure your policy covers these high-value items. Some policies have item-specific caps, so you may need to declare certain valuables separately to ensure they’re fully insured.
Many insurers now offer policies with COVID-19 coverage, which includes protection if you need to cancel your trip due to illness or quarantine. Some policies also cover medical treatment if you catch COVID-19 while abroad, which can be especially important in countries where healthcare costs are high.
If you’re a frequent traveler, consider multi-trip insurance, which can cover multiple trips throughout the year and is often more cost-effective than purchasing single-trip policies each time you travel.
The right travel insurance policy depends on your destination, planned activities, and personal needs. Always read the fine print and ensure you’re covered for any potential risks. By tailoring your policy to your trip, you can travel with peace of mind, knowing you’re protected against unexpected costs.
