How to Choose Travel Insurance in 2020 | Know what’s covered (and what to look out for!)

Hi, and welcome back to the channel. If you’re new here, my name is Megan, and I create videos
with actionable tips and hacks to help you make the most
of your next trip. When it comes to travel insurance,
yes, it’s all a little bit different, but there are typically four main types
that you should be looking for. I’ll briefly break down each category
into simple human terms so you can get an idea of what’s covered
and what you should be looking for, so you can get as much
coverage as you need without paying any more than you need to. (Music) All companies are different in what they
will cover and how much they will cover. This video is a generalization
of what may be included in each category and potential exclusions
you should be on the lookout for. I’m hoping my stories will be a way
to convince you to get travel insurance without having to lecture you on the fact
that you should get travel insurance, which you really should.
At least medical, please get medical. Which is the first one we will cover. Emergency medical coverage
can reimburse you for the costs associated with medical
treatment for an illness or injury while you are outside
of your home country. This can include coverage
for the medication you need, treatment you have to get,
the hospital stay, and even the ambulance
that’s going to get you to that hospital. I was hiking in the Rocky Mountains
with a friend from Australia… He had travel insurance, thank god. But we were up there
10 hours into the hike. He ended up in a rock slide, broke his leg and had to be airlifted
by a helicopter off the mountain. That helicopter ride alone
would have been thousands of dollars that he thankfully
did not have to pay for. You’ll want to read
your policy very carefully ’cause there are a lot of exceptions
as to what’s going to be covered and circumstances
where things won’t be covered. It’s often not covered
if something happens and you’ve been taking
recreational drugs or alcohol. So, if you drank too much
and you have alcohol poisoning, you might not be covered. Another exclusion
is any preexisting condition that is not stable or under control. A preexisting condition
is an injury, illness, disease, or other medical condition,
that occurs prior to travel for which you’ve had symptoms and sought a diagnosis, medical treatment, and are on a new prescription or
there’s been a change in your prescription. Key here is that it’s something known. So, if you book a physical
one week before your trip, and then your doctor diagnoses you
with high bloop pressure and you have a complication with this high
blood pressure while you’re on your trip, you may not be covered. However, if you went on that trip, didn’t have the physical before,
didn’t know you had high blood pressure and had a complication with it, you probably would be covered. If you are not having any health concerns,
you may not want to go for your checkup right before your trip. So that’s a risk you have
to weigh the pros and cons on and make the decision for yourself. Obviously, any nonemergency
medical events, if you go to the doctor
for a checkup while you’re abroad, not going to be covered. Also, every policy
is a little bit different as to what activities are
and aren’t covered. Definitely check this out,
because you may be surprised what’s considered an adventure activity, like snorkeling. And then you’re not
covered for any injuries associated with that activity. Another one that’s often not covered is if you’re doing something
that’s considered reckless or if you’re putting yourself
in some sort of unnecessary risk. I swear, when traveling across Asia, every other person I meet
has been in some sort of motorbike accident or complication. So, even if the law says
you don’t need to wear a helmet or you don’t need a license, and you don’t wear a helmet
and don’t have a license and drive, that could be considered –
and should be – reckless behavior
by your insurance company, and you probably won’t be covered for it. Not being covered for unexpected
medical expenses abroad, especially depending
on what country you’re traveling in, can literally bankrupt you. So, definitely read the policy and consider getting emergency medical if you’re going to get
any type of travel insurance. Also know that it doesn’t
have to be expensive. I use SafetyWing, and it costs me
less than $1.50 a day… which has saved me
hundreds of dollars in 2019. I’m thrilled to be partnering
with them on this video to be able to share
their service with you. While I’ve personally
never had to make a claim, they have great reviews
for their claims process, and the policy is administered
by Tokio Marine, which is one of the largest
insurance companies in the world. SafetyWing is the most flexible
travel insurance I’ve come across for long term travelers, because they have all of these benefits
that most insurance companies don’t offer. You can buy SafetyWing once
you’ve already started your trip, and then you can stop it
whenever you decide to finish your trip. This means you don’t have to pay
for months’ worth of insurance up front. There’s no cap on the duration of travel, and they cover almost every country
you could possibly be traveling to. SafetyWing is completely
in line with my mantra of getting as much coverage as you need
without paying any more than you need to. They exclude things that
the average traveler doesn’t need, like cancer treatment or high risk sports, to keep the price low without sacrificing
their service or quality. You still get 24/7 emergency support
and, if you have any questions, they have this awesome
chat system on their website. Yeah, they know me. I literally use this
every time before a trip to just clarify a few things. Even if I’m just taking a short trip,
SafetyWing is still my go-to. I spent nine days in Mexico
and my total cost was under $12. That is so worth it for the peace of mind, with just one little incident
it’s paying for itself. It’s also great if you’re going away
on vacation with your family because you get one kid under 10 free with every covered
adult up to two kids. SafetyWing is who I trust
and will continue to use in 2020, but a great tool to help you compare
the best plan for your travels would be InsureMyTrip. SafetyWing isn’t on this directory, but it was the tool that I used
to compare SafetyWing to the dozens of other plans out there
before I made my decision. Next, we have category number two, which is emergency evacuation
and repatriation. I will keep this one short and breeze
through the rest of these categories ’cause they’re not quite as complicated
as the emergency medical insurance is. Well, they kind of are, but I also know you don’t have
all day, so I will… make it happen. Emergency evacuation and repatriation usually covers emergency
medical evacuations, international security evacuations… So, if there was a terrorist attack
or a natural disaster… And then repatriation of your remains
back to your home country. What that means is that the insurance
company will cover the expenses and the arrangements necessary to get the covered body of the insured person
back home to their family. Not something you want
to think about, but also important. And when it comes to emergency evacuation, check your policy to see
where you are evacuated to. Some policies will evacuate you
back to your home country, so that’s paying for a pretty big flight, while other are going to evacuate you
to the nearest place of safety. That’s a big difference. You also may not be covered
for emergency evacuation if there’s an ongoing or known event
in the country that you are traveling to. An example of this would be
this ongoing volcano that is erupting, not erupting – I don’t even know
what’s going on with it now – in Bali. Yeah, people are still traveling there. It may be considered a known event
that there is a volcano and it is not safe to go there. And therefore, your coverage, if you needed a flight out of the country
in emergency situation, would not be covered. What I recommend you do is
to think about where you’re going, if you have any questions at all, send in a very detailed email,
your exact travel situation, the policy you’re getting,
and ask point-blank if you will be covered or not. This way you’ll have it in writing and you will have the peace
of mind and you will know. They should get back to you quickly and, if they don’t, then pick
a different travel insurance, because this is something
that you need to know. Category number three is
trip cancellation and trip interruption. These two are usually packaged together
and give you financial protection on the prepaid and nonrefundable
expenses of your trip. Trip cancellation is going to refund you for the nonrefundable expenses
if you don’t go on your trip at all, while trip interruption
is going to pay you for any unused portions of your trip that you’ve prepaid for
and don’t complete. Trip cancellation can refund
your trip expenses if you cancel the trip before leaving
for a reason covered by your policy. Some policies are limited to reasons
that you are allowed to cancel, like if there’s a terrorist attack
in the destination, severe weather or death
of a family member, or even if you’re too sick to travel. But there’s also another type
of upgrade you can usually get, which is ‘cancel for any reason’ insurance. Which is exactly as it sounds,
you can literally cancel for any reason. So, if you’re fighting
with your travel partner and you no longer want to go on the trip, you can cancel. If you ended up not getting the raise
you expected for your Christmas bonus and you can’t afford the trip,
you can cancel. This is an upgrade
and it’s going to cost you more but may be worth it
based on your specific situation. Trip interruption begins
the day you leave for your trip and reimburses you
for any unused trip expenses. They also will cover the cost
of any additional transportation incurred if you need to return home early. Both trip cancellation
and trip interruption become more important if you have prepaid for a lot of the different
expenses on your trip. However, if you are flying to Asia
and just backpacking around and winging it without all these
prepaid accommodations, it may not be worth it. Moving on to category number four, which is theft or loss
of your personal belongings. This refers to coverage
if your possessions are lost, stolen, or damaged during your trip. This category can include
baggage insurance, electronics and gear coverage, travel documents like your passport
or your driver’s license, and sometimes even money. Baggage insurance covers travelers
in two instances: It will either reimburse you
for any clothes, medication, or other essential items, if your baggage
is delayed in arriving to the destination. So, if you arrive at an airport
and your bags don’t, anything that you need
while you are waiting for your bags can be reimbursed by the company. Baggage insurance is also going
to cover you up to a specific amount to reimburse you for any items
if your baggage is lost. So, if it’s not just delayed
but you literally never get it back, you’ll receive a certain amount of money to replace those items
that were lost in the bag. In addition to delayed or loss of baggage, you can often find policies
that are going to reimburse you for any damage, loss, theft
of your personal items, gear, electronics… sometimes even money –
not usually. This is one of the toughest
travel insurance categories that you can claim for
because there are a lot of exclusions, like leaving your gear behind,
not keeping an eye on your things and then they get stolen,
leaving your gear in an unlocked car, or if you don’t get a report
from an authority. Every travel policy I’ve seen requires
a report from an authority of some sort. So this could be a police report, or it could be a report
from the bus authority if you were riding on that bus
while your camera was stolen. You also need to prove
that the item was yours and what it was actually valued at, which is going to deteriorate
from what you bought it at based on the wear and age. Whether you incur a loss
to your gear or to your baggage, you also have to keep in mind that there are often
going to be limits per item. So, if the per-item limit is $500, and then the maximum
full-baggage limit is $2000, and you had a $2000 laptop
inside of you luggage and your luggage was lost, you’re not going to receive $2000 back. The most you’ll receive,
due to the per-item limit, is going to be $500. Based on the limits put on by policies, and to the difficulty of actually claiming
and proving the value of the item, it may not be worth insuring your gear. I had a friend that was traveling
with a Kindle E-reader, he left it in this hostel, it was stolen, he went through this entire process,
got the report from the police officer, only to be reimbursed $15
for that Kindle E-reader. So, think about the gear which you have,
think about what it’s worth, and see if it’s going
to be worth insuring it for you. By this point in the video, you should have a good idea of generally
what you should be looking for in a policy that you’re considering. I’m hoping it will help you decide
so you can get all the coverage you need without paying any more than you need to. You may want to check out
some of the videos right here because they will definitely also
help you prepare for your trip and then hit my face
to subscribe down here because I would love to see you back
on the channel again next week. Until then, all the best
and happy travels.


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