When preparing to travel overseas, Nigerian travelers should consider purchasing world travel insurance. Such insurance is important in protecting your health and belongings while traveling. In some cases, countries require travel and medical insurance.

Review World Travel Insurance Policies Offered

Once you’ve determined your destination, you should research basic world travel insurance plans that cover your specific destination. Some plans only cover European destinations, such as Schengen visa insurance policies. Read through the terms and conditions before committing to a purchase to make sure your destination is included in the plan.

Benefits of World Travel Insurance

There are many benefits to purchasing world travel insurance. Most policies will include reimbursement for non-refundable trip purchases if a trip is cancelled for illness, death or other unexpected circumstance. The same goes if your trip is interrupted by an unexpected reason. World travel insurance policies will cover expenses, such as additional accommodations, incurred because of weather or hurricane reasons. A big benefit of travel insurance is the medical emergency coverage provided. Coverage may also include non-medical evacuation and travel delays.

Single Trip or Yearly Plan

Depending on your length of stay, you may need to consider multi-trip or annual world travel insurance. Single trip worldwide policies typically cover trips between 30 and 60 days, while yearly plans allow for multiple trips or longer stays covered under one world travel insurance plan. If your policy does not last the entire length of your trip, a claim you make could be deemed invalid. In some cases, a annual policy may be cheaper if you’re planning multiple trips overseas throughout the year.

Understand Restrictions of the World Travel Insurance Policy

Once you’ve settled on an insurance provider, make sure you read all the details about your policy. Some policies will not cover specific activities or expenses related to lost or stolen items. There may be restrictions and exclusions in your policy that you should make note of. Many plans may penalize for pre-existing medical conditions or for those who are more than 65 years old. Make sure you discuss these needs with your insurance provider before purchasing your insurance policy.

Compare Prices from Different Companies

It is important to shop around and compare quotes from a variety of world travel insurance providers. There are many options and various prices online, but be careful not to accept the cheapest price you find. Some of the cheap insurance policies may be missing a key component, thus defeating the entire reason for world travel insurance.

World Travel Insurance and Visas

If you’re traveling to any of the 26 European countries in the Schengen region, then you travel insurance with medical coverage is required to request a visa. Make sure you apply for your visa well ahead of time, as visas can take many weeks to process.

World travel insurance is a necessity when traveling overseas, as it will protect you from potential medical debt and your personal belongings. Spending a little on world travel insurance could potentially save you big during your trip.