A Guide To Worldwide Travel Insurance

By Adam Smith
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Handy tips on selecting the right worldwide travel insurance policy for you, including the three main types.

If you’re looking for around the world travel insurance information, you’ve come to the right place. This handy guide will answer all your questions on how to pick the right policy for you.  ?

Regular VS Worldwide travel insurance

Regular travel insurance

Regular travel insurance tends to cover just one country, or at a push, a continent. As well as this, different companies define destinations differently.

Worldwide travel insurance

On the other hand, worldwide travel insurance aims to cover you all around the world, just like the name would suggest. In principle, this means that whether you fall off a moped in Venezuela or Vietnam, you will be covered against hospital costs.

Of course, worldwide travel insurance costs more than regular travel insurance.

Deciding a policy length

There are three distinctive lengths of travel insurance policy cover, which are

- Single trip

- Multi trip

- Extended stays

Single trip

These most commonly last between the 30-day and 60-day mark

You can’t outstay your policy length and expect to be covered, however. Staying through to day 63 on a 60-day policy, for example, could invalidate claims as far back as day one!

Multi trip

This is usually valid for 12 months, and covers multiple different trips. However, there may be a limit on how many days you will be covered for within each individual trip.

 

Extended stays

Also sometimes called ‘gap year’ or ‘backpacker’ insurance policies, these go past the 60 day limit that Single Trip insurance imposes.

How to choose the right policy

- Shop around! Use Worldwide travel insurance comparison sites, and ask friends who they would recommend or warn you off from.

- Make sure your policy covers every destination you are visiting. If you make an unplanned trip to an area of the world not covered, contact your provider and add this on. If that isn’t possible  given your type of policy, get cover with a different provider for this area.

- Be aware that having a medical condition, or being older, can have an impact on how much you pay. ?

How to keep your policy valid

- Keep receipts. If you break or lose an expensive item and want to claim money back on it, the insurance provider will want proof of what it was, where you bought it, when, and how much you paid.

- Keep your belongings safe, and don’t lose them or get them stolen due to neglect.

- Declare any health issues from the off. Keeping them quiet might save you money in the short term but it could cost you thousands in the long run.

- Make your flights. While delays and other flight-company or airport issues may be covered, your own poor time keeping will not be seen as a valid excuse.

- If anything illegal occurs, make a police report within 24 hours. This is a common requirement for insurance policies to cover theft or crime.

Don’t forget the small print

The small print in your travel insurance documents is not something you can skim through. Instead, you need to sit down and read it all properly. It’s here that you’ll find the most crucial information. Factors like terrorist threats or political unrest can invalidate whether or not you will be able to claim on your insurance if something happens, so bear this in mind.

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