For many people, there’s not a lot to look for beyond price when buying travel insurance. Fuelled by price comparison websites, the standard model for purchasing a policy has been typing in a few details, click search, and buy whichever comes out cheapest.
The problem with this is travel insurance policies are not all-inclusive things – every policy does not protect you for every possible circumstance you might need to make a financial claim for while abroad. As is the nature of these things, the cheaper the policy is, the more basic the protection will be. This leads to all sorts of horror stories of people discovering they are not actually covered only after it is too late and something untoward has happened.
What the simple search settings on comparison sites don’t make allowances for are specific personal circumstances when you should focus on getting the right cover, not the price. You might think you are getting a great deal, but your insurance probably doesn’t cover your needs. Here are four key examples.
When You Have A Pre-Existing Medical Condition
It is essential that you declare any medical conditions to your insurance provider. It might push up your premiums, but compared to the cost of paying for medical treatment abroad, this pales into insignificance. If you don’t tell them about your condition and then end up in a hospital for whatever reason, you will find your policy null and void.
To keep costs down, your best bet is to find a bespoke provider that specialises in travel policies for medical conditions. For more information, view here.
If You Are Aged 50 Or Above
If you are aged 50 or over and go onto a price comparison site expecting to find cheap travel insurance, you might be in for a nasty surprise. Many providers add considerable premiums once you hit a certain age, and this steeply increases as you get older. Some even operate age caps, refusing to insure travellers over a certain age.
As with medical conditions, if you are aged 50 or over, your priority should be finding quality insurance that meets your needs at a reasonable price, not just focusing on rock-bottom prices.
To Cover You For Sports And Outdoor Pursuits
Buying generic travel insurance for as cheap as you can get it and then heading off skiing or white-water rafting is a big mistake, you won’t be covered. Should you be injured and end needing medical care, you will have to pay for the treatment, which can leave people in serious financial trouble.
Insurers are well aware of the extra risk of injury and hospitalisation winter sports and so-called adrenalin sports carry, so they devise special policies with extra clauses to cover them – with an extra premium on top.
If You Are Going On A Cruise
Finally, one that often catches people out is buying travel insurance for a cruise. Unlike winter sports or pre-existing medical conditions, this is not a matter of insurers thinking there is a heightened risk of you making a claim on a cruise. It is more a case of them knowing that claims can be much more expensive from cruise passengers, especially if they fall ill or get injured and need to be taken ashore for treatment.
Again, those bargain deals you see on comparison sites just won’t cover you for a cruise holiday, so you might as well go straight to the source to find the right kind of policy for your trip.