We have a serious post for you today, but something you definitely should think about. Next month we have to buy travel insurance. If you travel even once a year abroad or even in your own country, then you should get travel insurance, especially when circumstances could mean you would be seriously out of pocket if something goes wrong.
Money Saving Expert state that 1 in 5 brits jet off with no travel insurance, risking thousands in medical bills. That’s insane.
Travel insurance is a Godsend when something unexpected happens. Things happen and you may need to cancel your holiday. This is why it is important to have insurance from the moment you book your holiday.
There are a number of areas of travel insurance that you need to consider, and the important ones are below.
To be covered for personal accident costs is so important. Did you know that the average cost of medical treatment abroad is over £2000? However, if you need medical treatment is the USA this could be much much higher and run into the tens of thousands of pounds or even more. Therefore travel insurance that covers getting you home and medical expenses too are essential. Can you imagine what would happen if you fell while hiking, for example?
Sports cover needs to be examined as well, and sports such as skiing, scuba diving and extreme sports will need extra cover.
As you get older too, travel insurance for the over 65s can get more expensive, but it’s always worth it. The Money Advice Service state that 1 in 3 claims on travel insurance is for medical treatment. With that in mind, it’s just not worth scrimping on travel insurance, is it?
Can you imagine having your purse, laptop, phone or luggage stolen? Doesn’t bear thinking about, does it? Almost all travel insurance will cover you for this but double check the amount and the excess. If you have a large excess to pay it may not be worth claiming if a theft happens. If you have a smaller excess then the price of the insurance is generally higher. You have to weigh this up. Also check that money is also covered and the excess on this.
Should you cause an accident that affects either a person or property you may well be liable. A personal liability clause will protect you in the event of a legal claim. This is something you should always check you have. Legal costs can be extortionate and if you are not covered be prepared to spend thousands.
This covers legal help if you make a claim for compensation due to injury accident or death. This is often an add-on but should be considered unless you want a huge bill if something does happen. Is it worth scrimping on your insurance and not getting legal expenses cover?
Of course one of the major reasons that you take out travel insurance is for the peace of mind this gives you, so we recommend you do take it out. You can then relax and enjoy your holiday in peace.
Do you have any experience of claiming on travel insurance?