Choosing the right travel insurance that matches your plans is definitely something you should research before stepping on the plane! If you are going to backpack, the chance of an accident is simply a bit bigger and you just
don’t want to come home with a gigantic hospital bill!
Moreover, you are also insured if your luggage is lost or stolen. Which travel insurance you can best take out is mainly due to the length of your trip. We have put together a number of tips for you and selected the best travel insurance for backpackers.
Below are the best options Travel insurance options
Short-term travel insurance
You take out a short-term travel insurance policy specifically for the period during which you travel. If you are only travelling for a few weeks and the rest of the year you are home, this is the best choice for you. You can specifically take out a travel insurance for this trip. If you are confident in leaving and returning on specific dates, the short-term travel insurance might be the best but also the cheapest option for you!
Continuous travel insurance
If you leave for longer, its best to take out an ongoing travel insurance. This is, in principle, independent of your holiday and costs a certain amount annually. This option is sufficient for most travellers, but for backpackers there is a major disadvantage. With a continuous travel insurance plan, you can only travel for a limited number of days in a row. If you want to make a long journey, you do not have enough to do this. For many insurers the maximum number of days connected is about 90 so be careful to check this with your insurance company!
World trip travel insurance
With most continuous travel insurance plans, you may not travel longer than 90 consecutive days. If you are going to make a longer trip, an ongoing travel insurance is therefore no longer of use. A world trip or long-term travel insurance is the best option.
There are a number of factors that you should look out for:
1. How long is the insurance valid? Some insurances you have to take at least 12 months and often there is also a maximum term.
2. Are you insured worldwide or only for specific countries?
3. What is your insurance deductible? If items are broken / lost, there is often a deductible, but that is not always the case. Maybe another insurance does not have a deductible and you have to pay the same.
4. What is the insurance’s policy about cancellation? When having to change or cancel flights or other transportation, what does the insurance company state as valid reasons?
Looking at the journey of an average backpacker, the costs and conditions in the Allianz Globetrotter Travel insurance in our opinion the best option.