Travel insurance is probably the most boring topic to discuss when it comes to planning a trip. Dreaming up the perfect itinerary, finding cheap flights, buying gear — all of these things all much more glamorous!

For that reason, many budget travelers actually skip buying travel insurance. Unlike a flight, a travel backpack, or applying for a visa, travel insurance just doesn’t seem necessary.

And since it’s not always cheap, travel insurance is often tempting to jettison.

I mean, how often does something terrible happen when you travel?

Not often, right?

But that doesn’t mean it won’t happen.

Sure, over the years, I’ve rarely had to rely on travel insurance.

But I have still had to use it from time to time — including recently when I was stabbed in Colombia. Remember: you’re fine until you aren’t, which is why you get travel insurance!

Yes, for most trips you won’t need your travel insurance. You’ll buy it, save the details in your inbox, and never look at it again.

But a time might come when you need it.

And if you don’t have it, things can get expensive fast.

I was thankful for having travel insurance when I needed to see a doctor in Argentina, when my camera broke in Italy, when my eardrum popped in Thailand, and when my luggage was stolen in South Africa.

It’s much better to be safe than sorry.

In this post, I’ll show you everything you need to know to help you make an informed decision about your travel insurance plan and whether or not travel insurance is a worthwhile purchase for your next trip.

What Does Travel Insurance Cover?
To illustrate why travel insurance is worth purchasing, here’s a quick list of what the best travel insurance plans will cover (for most countries):

  • Medical emergencies, sudden illnesses, and injuries
  • Emergencies, strife in your destination, etc., that cause you to head home early
  • Emergency evacuation
  • Resultant cancellations, such as hotel bookings, flights, and other transportation bookings, if you have a sudden illness, death in the family, or some other emergency
  • Lost, damaged, or stolen possessions, like jewelry, baggage, documents, cameras, etc. (Also, there is some coverage for your electronics, and often an option for a higher coverage limit.)
  • Twenty-four-hour emergency services and assistance (you don’t want to call to be told to call back later)
  • Financial protection if any company you are using goes bankrupt and you are stuck in another country.

Yes, robberies and natural disasters are rare. But things like canceled flights, minor illnesses, and petty theft do happen often.

With a comprehensive travel insurance plan, you’ll be covered.

Source: Nomadic Matt