If you can’t afford travel insurance, you can’t afford to travel!

You may think travel insurance is not that important. Getting the best deal on a flight or finding a hotel with awesome facilities in the right part of town is all that matters to some travelers. However, if something goes wrong, travelers without travel insurance could be in some serious trouble.

There are some pretty scary horror stories out there, where travelers get into trouble and don’t have travel insurance to help them out of it. From stolen wallets and passports to massive medical bills, travelers who don’t have travel insurance have to cop the cost themselves. Happen to have a spare $1 million in your pocket?

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Some Real Life Examples

There are many examples of travel horror stories. One such story involves a couple who were admitted to hospital in the US after their motorbike was hit by a truck while on holiday. Medical bills and repatriation for the couple came in at $350,000.

An elderly woman on a cruise ship fell and fractured her femur. The cost of the air ambulance from Port Vila to Sydney cost $36,100. Another woman traveling in the US was admitted to hospital with a brain aneurism. Her medical costs were more than $1 million.

Medical Treatment Costs

How much you pay for medical treatment will depend on the hospital and the country you are traveling in. The US is one of the most expensive places for travelers to receive medical treatment.

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If you require a one-night stay in an intensive care ward in New York City, you could expect to pay as much as $21,500. The same treatment in Canada would cost around $10,000 per night, and in France or Germany it would cost around $9500 to $12,500.

If you require hospitalization in South East Asia, you would pay upwards of $800 per night, or about $3000 a night for intensive care. If you’re Australian and require a medical evacuation, you would pay between $95,000 and $300,000 to be evacuated from the US, or $60,000 to be evacuated from Bali.

Finding the right travel insurance

Travel insurance can cover the big costs, such as medical bills, but it can also cover a variety of other costs, such as lost, stolen or damaged luggage, lost or stolen cash and travel documents, cancelled and delayed flights, rental car accidents, and so much more.

If you want to find the right policy, it’s important to compare travel insurance options. Think about what kind of cover you need, and how much cover you need. You can choose single trip insurance, or insurance that lasts a few months to a year. You can choose individual cover, or cover for couples or families.

In order to find the right policy for you, be sure to read the fine print and tell the truth. If you plan on doing snow sports, buy travel insurance that covers that – or you may find yourself with a voided policy. And remember, if you can’t afford travel insurance, you can’t afford to travel.

About Rachel

Rachel Akers writes about crafts, recipes, and features the adventures of a family of 4. It is always crazy but I wouldn't change it for the world! Comments or questions? Talk to me on Facebook or Twitter or sign up for our RSS feed to have future articles delivered to your feed reader.