Travel Insurance? Yes.
Almost categorically, I will advise that you need travel insurance while abroad. Why? Because you just never know when something will happen, and how dramatic (and costly) it will be when it does.
In my first two years on the road, my ex landed in hospital twice. Once because he broke his toe in Hawaii (a 45 minute exercise in x-rays and tylenol, costing $900), and the second time for a week in Thailand while he fought for his life against a rough case of Dengue Fever.
Neither occurrence could have been anticipated, nor particularly afforded. And although making claims wasn’t easy (especially in Thailand, when onward travel tickets were cancelled and re-issued, visas extended, and a myriad of both out-patient and in-patient expenses incurred), we were happy to have the security blanket of insurance protecting us against these unforeseen emergencies.
But not all types of travel insurance are created equal, cost-effective, or particularly necessary. I’m a big fan of medical insurance, not so much a fan of the other stuff (such as cancellation insurance, lost baggage insurance, etc). Also, as tedious as it is, do yourself a favour: devour the fine print before you buy. It could save you a ton of hassle in the middle of an emergency.
If you’re shopping for travel insurance and don’t know where to start, I can tell you that I have my policy with IMG Global. IMG has lots of insurance options for all types of travelers.
I’ve also been insured by World Nomads, which is cost-effective, comprehensive, and easy to apply for and renew even if you’ve started traveling.
Here are a few articles that give you the full scoop on travel insurance – including some tips for insurance you might already have without knowing it.