What do you need to know about Gap Year Travel Insurance?
When planning a gap year, you need to plan for the unexpected. While travel insurance should be a part of your travel budget, you need to know what it covers and how much it costs before making your decision.
We will help explain what you need to know about gap year travel insurance and how you can find the best deal possible. Here are some important questions we answered in this guide:
Frequently Asked Questions (FAQs)
What does gap year travel insurance cover?
What does it cost?
How do I get the best deal?
What are the different types of gap year travel insurance?
What does Gap Year Travel Insurance cover?
Depending on which policy you buy, gap year travel insurance will cover costs associated with hospital and medical care incurred while overseas.
It will also cover your expenses if you have to cancel your trip due to personal reasons, as well as any gear or luggage that gets stolen or damaged while travelling.
World Nomads offers two levels of coverage: Classic and Explorer.
The classic package has a $1 million per-trip max for medical and evacuation services, plus a $500 deductible.
The Explorer policy has no deductible but carries a maximum benefit of $5 million per trip for emergency medical evacuations and similar assistance.
Also note that for people under age 71, it’s important to get the insurance that covers repatriation in case of an accident.
What does Gap Year Travel Insurance cost?
World Nomads Travel Insurance is more flexible and costs more, but it can also save you money if you do find yourself in an expensive bind.
It has no excess so costs nothing if there’s a claim; all of your coverage amounts are pre-set, which means we don’t place limits on what we cover like most other companies; and we offer benefit payouts on diagnosis rather than treatment.
What do World Nomads Cover?: Out-of-pocket medical expenses, emergency evacuation, cancellation and curtailment fees for travellers on a package holiday (limited to 10% of your trip cost up to a maximum of $5,000).
How do I get The Best Deal?
The best way to get a great deal on travel insurance is to start by comparing quotes from World Nomads, Gopili and RACV. Visit compare sites now for free online quotes and don’t forget your passport.
We also have full in-depth reviews of all three companies on our website that can help make sure you’re getting what you want from your policy. It pays to shop around!
What are the different types of gap year Travel Insurance?
The types of gap year travel insurance vary depending on what it is that you are planning on doing. Commonly, though, there are three basic types of gap year travel insurance: Worldwide Medical Insurance, Cancellation Coverage and Trip Interruption.
Combinations can be purchased or additional coverage can be added once your policy has been accepted by World Nomads. Most often these policies are used to cover activities such as volunteering and teaching overseas, but they can also protect your while you’re backpacking and trekking through a new country or taking a ‘gap-year-long’ round-the-world trip.
Gap Year Travel Insurance Cover
Gap-year travel insurance can help cover any expenses related to gap-year travel, including overseas medical expenses.
Remember: World Nomads is one of only two major gap-year insurance providers approved by STA (Student Travel Association) and ABTA (Association of British Travel Agents).
That means it meets its highest standards for reliable travel insurance that covers adventure sports, outdoor activities and gap year travellers.
Gap Year Medical Expenses
There’s always a risk that something will go wrong on your travels. Just how serious it depends a lot on where you are and what happens. It also depends on whether or not you have Gap Year travel insurance. Most types of Gap Year travel insurance include medical expense coverage, which means they can help out with costs if you end up in the hospital, in an emergency room, or even just at a clinic.
While medical expenses can vary wildly by country and situation, some countries have higher average costs than others; for example, medical expenses in Nepal are usually pretty cheap whereas they can be more expensive in India.
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