Traveling the world is probably a dream most of us have. In fact some of us have already prepared a list of places to visit. However, with this kind of plan, have you considered getting a protection against accidents or illnesses that you can acquire during the trip? We’re pretty sure getting sick or being bankrupt is not part of your dream but envisioning these things ahead is better to gear yourself up in case anything happens.

Travel insurance is indeed vital. This scheme is specially designed to meet the needs of backpackers. Travel insurance for holiday periods ranges from one week to two years. If you plan to have multiple trips a year, go for the annual-multiple plan. This allows you to backpack two, three, sometimes even more times a year and the insurance will cover it, as long as you travel within the period of cover. Buying one insurance policy a year to cover several trips will cost at least ten percent less.

Below we have provided you a list of coverages you might want to consider:

* Rescue and Repatriation plan will cover any cost you may incur should you need an air ambulance or helicopter rescue.

* Emergency Medical Cover will deal with the cost of any incident that needs urgent medical attention.

* Holiday Cancellation plan will cover any costs that you may incur if your holiday has to be cancelled because of bad weather, airline strikes or any other incident that is not your fault.

* Baggage and Possessions Cover will reimburse you, in case your travel documents, baggage and valuables are lost or stolen. Of course the event will be evaluated or investigated first.