Monday, August 13, 2012

The Insurance with the Mostest (Part I)

I'm going to go out on a rather sturdy limb and say, in addition to your passport and some cold hard cash, travel medical insurance is crucial for a successful trip abroad. In Canada, it's not uncommon to obtain insurance before driving across the boarder for a weekend in the United States.

We've heard great things about World Nomads Travel Insurance so we decided to look into it; the policy is actually quite comprehensive, in addition to the common elements (five million emergency medical, additional medical transportation, additional medical expenses), World Nomads also includes additional coverage that doesn't often come standard (trip cancellation, trip interruption, luggage/personal effects, and sporting equipment). As a backpacker, it's quite common to have electronics or sporting equipment in your pack and this coverage, without additional costs, is fantastic.

In addition to the policy itself, we found a few more things to love about World Nomads:
  • Choose the duration of your coverage from one week to twelve months
  • Coverage for individuals or families (hint: price compare if you're traveling with someone)
  • Purchase or extend coverage while abroad, even after you've left your home country
  • Coverage for a range of exhilarating adventures/activities (think snowboarding or whitewater rafting)
However, like all things travel related, price is a major factor in the decision making process and after working up a quote online we realized travel insurance through World Nomads will cost $614.90 CAD for both of us (or $300+ each).

In addition to this $300, we also need to sign-up and start paying premiums for our Provincial medical program (previously covered by our employers and not optional as a resident), a $230 expense per person for four months.

All together we are quickly breaching the $500 range - per person! Honestly, this number has us a bit freaked out, and isn't really in our budget which means... we need a second opinion.

By Calli D with No comments

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Hey there!

Calli and Travis returned from a four month trip through Europe more excited than ever to hit the open road. Who knows where they'll end up next...

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