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Essential Travel Tips For Europe: Insurance


Photo credit: Bigstock

In this article we will focus on some of the most crucial travel tips for Europe in summer (and other seasons as well) so your Europe travel experience goes as smoothly as possible

One of the most important things you need to take care of before traveling to Europe (or anywhere else for that matter) is insurance.

Travel insurance can minimize the considerable financial risks of traveling by covering all (or some) of the following scenarios:

  • accidents,
  • illness,
  • missed flights,
  • canceled tours,
  • lost baggage,
  • theft,
  • terrorism,
  • travel-company bankruptcies,
  • emergency evacuation,
  • and getting your body home if you die.

Of course, potential loss varies from person to person and depends on various factors like: how much of your trip is prepaid, is it refundable, your overall health, luggage value, your destination, the financial health of your tour company and airline, what coverage you already have, etc.

Do I Really Need Insurance?

If you are considering travel without insurance, you need to ask the right questions regarding your trip first:

  • What are the chances you will be needing it?
  • Are you willing to take risks?
  • How much is peace of mind worth to you?

Now that you’ve made your decision, let’s see what type of insurance is best for you.

Insurance Basics

Different travelers require different insurance deals. Here are some of the main fields:

  • trip cancellation and interruption,
  • medical,
  • evacuation,
  • baggage,
  • and flight insurance.

There are also supplemental policies that can be added to cover specific concerns like identity theft, travel scams or political evacuation. Now, various types are generally sold in packages, so you can decide which ones you need and then buy that combination.

Some companies, such as Travelex and Travel Guard, now offer to cover your primary needs and take care of your expenses regardless of what other insurance you might have, which is pretty handy and useful if you want to avoid out-of-pocket expenses.