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Insurance 101

You’ve spent all this time researching and planning your trip that you just know it’s going to be a trip of a lifetime filled with great memories.

However, if you forgot to add travel insurance to your pack list, then those memories may not be so great…

What is travel insurance?

Travel insurance is an all encompassing insurance you buy specifically for traveling.  It’s not connected to whatever medical or home insurance you have back home.

It covers everything from medical costs, flight cancellations, theft, lost baggage and everything in between.

Do I really need it?

As a budget traveler, it’s hard to fork out money for something that seems unnecessary.  I mean, what are the odds you’re going to need the insurance, right?

Well, there are too many stories out there from travelers who had to pay thousands of dollars out of pocket because something bad happened on their trip and they didn’t have travel insurance.

Think of it as paying for piece of mind.  If something bad does happen like a robbery or illness your trip won’t be financially devastated.

What about my credit card?

Credit cards offer limited protection when you’re traveling.  Their coverage limits are usually pretty low so you’ll still be out of pocket for the rest of the costs you incur.

Also, while they offer some coverage on lost and stolen items, medical expenses and trip cancellation, they won’t cover you for anything else like an airlift evacuation or a bereavement return flight home.

Euro Trip Kit

Feeling safe is great – it makes you feel all nice and cozy.  Getting a Euro Trip Kit gives you that same feeling!  It’s a fantastic way to begin planning and dreaming about your euro trip.

Inside you’ll find travel tips, a trip journal, adventure passport, language flashcards, inspiration and a whole lot more.

It’s perfect for everyone from first time travelers to those who are already out there living the backpack dream.

Get the right coverage

When you buy travel insurance you want to make sure you get the right coverage.  You don’t want to have something happen only to find out that you’re not covered for it.

Some plans will cover you for everything while others only offer basic coverage and options to upgrade for other things.

Medical insurance
If you become sick while traveling or have a medical emergency you’ll be covered for the costs you may incur like ambulance costs and hospital services.

Trip cancellation
Covers you if you have to cancel your trip for unforeseen reasons like sickness, weather or legal obligations.

Lost or stolen bags
If your bag is temporarily lost, you’ll be reimbursed for essential things you need to buy like clothes or medicine.  In the case that your bag is stolen you’ll also be covered for any losses.

Flight insurance
This covers you in the event your flight is delayed or cancelled due to weather, mechanical breakdowns, labor strikes or something else.  Extra fees you incur because of the delay or cancellation will be covered.

Read the fine print

Just because you have travel insurance doesn’t mean everything is covered.

Before you purchase your policy, it’s important to read the fine print and see what isn’t covered and what your deductibles are.

For example, if you were drunk and careless with your stuff chances are they won’t cover you when it gets stolen.  If you injure yourself while high out of your mind you also won’t be covered.  You may also not be covered for third party liability things like if you injure someone while driving.

So, make sure you read the fine print and know what is and isn’t covered in your travel insurance policy.

Making a claim

Always keep in mind rule number one about insurance companies – they’re there to make money.  So, with that in mind, just know that they’ll try to avoid paying you as much as they can.

Make sure you have all the receipts and documentation that you require to submit your claim.  Also, make sure any necessary forms you need have been filled out.

Once you file your claim be prepared to wait for reimbursement.  Companies will drag their feet when they’re doling out their money to you.

Be patient and let the process work.

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If you've been hanging out on this website, then you've probably got that itch to travel.  Well, if Europe is calling you, check out the Euro Trip Kit.
Part inspiration, part information, and part fun - the Euro Trip Kit is the perfect tool for planning your next euro trip.
Whether you want to learn common travel phrases, play some backpack bingo, or get inspired through the adventure passport - the Euro Trip Kit has what you need!