1. FOR MEDICAL REASONS
This is the number one reason why it is essential to take out travel insurance before you leave home. Even if you are a citizen on the EU traveling to another EU country then do not rely on the European Health card which will not work in most cases.
Hospital treatment anywhere in the World can be very expensive and just because you are in a cheap country do not assume that medical cover will come cheap as it’s often the case that cheaper countries often have higher medical costs.
Your life literally might be at stake if you have no medical cover. Enough said!
2. FOR LEGAL EXPENSES
You may need to make a compensation claim after an injury or accident that happened overseas, professional help can be very costly but can be covered by your travel insurance. This is linked into medical cover.
3. FOR THEFT REASONS
If you are travelling for a long period of time the chances are you will have some pretty expensive kit with you e.g. Smart phone, laptop/ibook. ipads, ipods, expensive camera equipment to name but a few. Replacing this kit while you are overseas might be more expensive than in your own country too so it’s always worth taking out travel insurance to cover loss by theft.
4. FOR PERSONAL LIABILITY REASONS
Just imagine you cause an accident that damages property or affects another person, you could be liable and this could be a very costly mistake. Travel insurance can protect you in a legal claim but always make sure that a liability clause is included.
5. FOR LOSS OF DOCUMENTS REASONS
Losing your passport can mean more than losing all those hard-earned stamps. The cost of replacing documents while abroad can really eat into your savings.