If you are traveling with expensive electronic equipment, jewelry or sporting gear, it might be more cost-effective to purchase a floater or endorsement to your homeowners or renters policy. This would provide full coverage for the item, anywhere in the world, usually for one year. This provides insurance and medical assistance for travelers. It would cover you if you had to be airlifted off a mountain due to a skiing or hiking accident or had to stay for a prolonged period of time in a foreign hospital. It would also provide coverage if you got seriously sick or injured and needed to be flown home.
Some commercial airlines require very sick passengers to travel on a stretcher with a doctor.
Before purchasing this type of coverage, check with your own health insurance carrier. Find out what type of coverage you have when traveling abroad and if there are any limits. Also, ask if they will pay to fly you home or to a country with first-rate medical care. This would provide a variety of coverages if you or a family member dies on the trip. Generally, if you have a good life insurance plan or made other financial provisions for your loved ones, this may be duplicate insurance.