Insurance is not among the first things we think about when we think about traveling. The first things we think about is where we’re going, how we’re gonna get there, and what we’re going to do when we arrive…oh and what to pack! But insurance is definitely something we should definitely add to our travel to do list. So we’re breaking down what types of insurance you should have as a traveling mom (this applies to dads as well…and honestly, anyone).
Travel insurance is the most commonly known, but based on an informal poll in The Wandering Moms Facebook Group, not the very commonly used. After investing our hard earned money into amazing trips for ourselves and our families, it’s a good idea to protect that investment by purchasing travel insurance. There are actually multiple types of travel insurance you can purchase:
Single Trip Insurance
If you’re taking one or two trips per year, this is the option that makes the most sense. For the most part, you can tailor single trip insurance around your destination and travel dates. Most policies allow for a maximum of eight people to be on one policy, so you and your family can be insured together.
Single trip insurance can cover a range of things such as
- Personal Accident
- Medical & Repatriation Expenses
- Mobility Aids
- Baggage Loss
Make sure you read through your policy to be clear about what is actually covered and to be sure it meets your needs.
Here are a few good places to search for sing-trip insurance policies:
Annual Multi-Trip Travel Insurance
If you’re a momma who travels often throughout the year or your are traveling long-term, you can purchase an annual travel insurance policy. You can choose an individual, couple or family policy type. Adults insured on a couple or family policy will be permitted to travel separately, but children under 18 must be accompanied by an adult insured on the same policy, unless agreed otherwise with the insurer. Annual policies are sold based on area of travel and priced accordingly.
Annual Multi-Trip Travel Insurance is definitely more expensive than single-trip insurance but if you’re traveling regularly, it is more cost effective than buying multiple single-trip policies.
Multi-Trip Travel Insurance typically covers the same things as single-trip insurance.
Here are a few good places to search for sing-trip insurance policies (note, they are the same places listed above)
This one is much more important if you’re traveling long-term. You can look into global health insurance policies. Where travel insurance policies cover things like flight delays and cancellations, baggage loss, and SOME healthcare items, a global health insurance policy works more similarly to the healthcare you had through work. Note that global health insurance policies can be as pricey as (if not more pricey than) the health insurance you have through work or the ACA.
A few companies that offer global health insurance:
You can also look into local health insurance in the country you are visiting. Czech Republic, for instance, has an expat insurance policy that’s very affordable. Lastly, you can consider how much healthcare costs are locally. For example, healthcare costs in Thailand are very inexpensive. I went to the emergency room in Thailand for an ear infection. I saw an ENT specialist and got my prescription filled at the emergency room and it all cost me $35!
Now traveling doesn’t at all make you think about life insurance, we know. But as a moms, we think it’s important to have life insurance whether you’re traveling or not.
Life insurance helps ensure that your bills, debts, and the cost of your final arrangements are covered in the event of your untimely departure from this earth. You can also get enough life insurance coverage to ensure your children are financially taken care of, including covering education and living costs.
There are so many different types of life insurance that cover different things. We won’t get into those details but we will share a few resources for where you can get more information:
Ok, mama hopefully we’ve convinced you to add insurance to your travel planning checklist.
Libryia is the Co-Founder of Wandering Moms but also known on as Wander Woman Inc. Libryia is the mother of a teenage daughter who she took around the world for an entire year! On her own personal blog she writes about travel, parenting, finance, self-improvement, and working remotely.