Travel Insurance in Nigeria, The Cost & What You Need To Know

Travel Insurance in Nigeria, The Cost & What You Need To Know

Travel Insurance in Nigeria

Are you contemplating the price of travel insurance in Nigeria? The average cost of travel insurance ranges from 3.2% to 15.8% of the entire trip cost.

However, purchasing travel insurance can be challenging since you need to understand how to do it, what it covers, and how much it will cost. Review a policy that covers you against as many dangers as feasible at the same time.

Here is all you need to know about travel insurance, including the price, to make the process easier.

What is Travel Insurance? – Meaning

The financial risks or other losses connected with travel are covered by a travel insurance policy. It offers protection from both minor risks like lost luggage and aircraft delays as well as significant risks like trip cancellation and medical problems.

How Much is Travel Insurance?

You must take into account a variety of elements when calculating the cost of travel insurance in Nigeria, including the duration of the trip, the age of the traveler, the desired length of coverage, and the location.

It can cost anything from 3.2% to 15.8% of the overall trip cost, on average.

How to Get Travel Insurance in Nigeria

  • Use the google search engine to compare plans. There are several insurance companies selling travel insurance in Nigeria
  • Compare plans side-by-side including the cost to find the best insurance plan for your trip.
  • Select an insurance plan.
  • Pick up an application form to enter traveller details and trip information. Please note that you will need the ages of all travellers
  • Study the terms and conditions of the insurance plan carefully before making a commitment.
  • You can make payments either through cash or credit card payment details.
  • A confirmation will be sent with the policy certificate for your attention and safekeeping.

Cost of Travel Insurance in Nigeria?

How to Know if You Need Travel Insurance

Simply put, it is strongly advised and required for various visa applications. A travel insurance coverage is a must for all travelers, in addition to the obvious fact that everyone requires insurance for travel. Visas have occasionally been refused at the border because visitors didn’t present proof of insurance coverage.

If you frequently travel, enjoy sightseeing, or take vacations, you probably require travel insurance. Travelers are strongly advised to purchase travel insurance.

Is Travel Insurance Mandatory For Visa Application?

Travel Insurance is not mandatory for visa application but many visa applications to Europe or Schengen countries require travel insurance as a way to protect their visitors from unforeseen risks. Alongside travel insurance for visa application, you will also need:

  • Proof of funds
  • Travel itinerary and so many other documents.

What Does Travel Insurance Cover?

1. Cancelled trip

Cancelled trips are one of the most important reasons to purchase a travel insurance plan alongside your ticket.

However, the reasons for cancellation must be legitimate, and they include health reasons, weather conditions, the bankruptcy of the travel agency and sickness or death in the family.

2. Lost, stolen, or delayed baggage

The possibility of personal effects and luggage being lost is a travel problem that occurs often. However, if you have a good travel insurance plan, the transport system is liable to cover the cost as long as the error is from their side.

Also, the personal travel insurance covers baggage delay by providing money to buy essential things before your delayed bags arrive and delay which covers additional expenses incurred such as hotel rooms or meals as a result of delay.

3. Medical Coverage

Under medical coverage, there are two types of policies. The first is short term and covers trips ranging from five days to a year, depending on the type of insurance plan purchased.

The second is for long trips ranging from six months to a year. From helping you locate health facilities to covering medical expenses, this particular benefit of the insurance plan is beneficial for medical emergencies.

4. Flight Accident or Accidental Death Coverage

Flight accidents and Accidental death insurance cover accidents that occur during flights made by a licensed commercial airline. If these accidents result in serious injury, disability, or death to the traveler, the policy pays the benefit to the beneficiaries.

However, deaths occurring as a result of sickness or overdose of drugs are exempted.

Other additional benefits of purchasing a plan include having access to a 24-hour hotline service to assist you and also a collision damage waiver (in case you get into an accident with a rented car).

What Travel Insurance Does Not Cover

Not all circumstances can be handled. Travel insurance does not provide coverage for risks or events that are reasonably foreseeable but result from traveling against medical advice.

So, it won’t cover:

  • Known storms
  • Epidemics
  • Acts of war
  • Issues from travel restrictions imposed by government authorities.
  • Security scams
  • Ticket delays
  • Lost lodging reservations
  • Last minute changes on travel Itinerary
  • Pre-existing illnesses
  • Routine dental treatment
  • Damage due to mental disorder or suicide
  • Complications due to pregnancy
  • Adventurous sports activities

Insurance Policies in Nigeria


I believe this article has exposed you to all you need to know about travel insurance. Starting from the cost, why you need it, what it covers, how to get it, and if it is mandatory for visa application.

So while you’re planning your next voyage, ensure you do so with a travel insurance policy and enjoy that trip rest assured that you have a contingency plan in place should things go south. Bon Voyage!

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