How much does it cost?
For a short trip, prices start at around $30, while a three-month policy for World Nomad's Explorer Plan costs roughly $250. Everything from your age to your coverage requirements can increase the cost. It's insurance. Somebody's crunched the numbers.
What should I look for?
Medical emergency: From dog attacks and dengue fever to diarrhea, you never know what can happen. Look for a minimum of $50,000 in coverage.
Medical evacuation: This is GTFO - literally. A plane/helicopter/armor-plated stork swoops in, scoops you up, and brings you home. If you're touring Europe or a "Westernized" country, a $100,000 minimum should suffice. Make that $250,000 for more remote locations.
Preexisting conditions: That chronic heart palpitation when you drink Pabst? Some plans will leave you in whatever godforsaken place still serves the stuff -- make sure to double-check.
Extreme sports: Hang gliding, bungee jumping, and even skiing are considered too risky for some providers, so make sure you're covered. Thinking about running with the bulls in a red onesie? Forget it.
Trip interruption and baggage loss: These are nice additions. While not as important as the medical stuff, they can reimburse you for stolen laptops and lost luggage. Keep in mind that proof of ownership is key.
The fine print: Policy jargon is right up there with watching paint dry and a "Real Housewives" reunion episode. At least look for the loopholes.