Travel Insurance: Choosing the Right Policy

imagestravel insurSo you’ve booked your holiday, stocked up on sun cream and changed your money into the local currency, but planning for your holiday doesn’t end there. Some people never need to claim on their travel insurance; however what would happen if something catastrophic occurred and you didn’t have any insurance? Travel insurance policies nowadays are so competitive in both price and the benefits they offer, that it really is crucial for your peace of mind to take one out before you travel.

 

Where to Buy?

But how do you go about getting the right policy for you? There are many companies and insurance policies out there, and a price comparison website is often the best place to start. However, going for the cheapest option isn’t always the best thing, as different policies offer different benefits and have different limitations, so it’s vital to read the small print thoroughly. It’s not just traditional insurance companies that offer it; Banks, Building Societies and The Post Office all offer travel insurance to their customers, so it may be worth checking out what your own bank has to offer.

 

What Length of Policy is Best for You?

If you usually have more than one holiday per year, it’s worth investigating whether an annual multi-trip policy will work out more cost-effective than buying single-trip policies each time you travel. Even if you’re not planning a number of trips, think about whether you might decide on a whim to go on that long weekend you’ve been talking about, or even if friends or family may be planning a wedding abroad.

 

Do You Have Medical Issues That May Affect Cover?

Don’t forget that you must disclose all pre-existing medical conditions when applying for travel insurance, as travelling if you have not done so is likely to invalidate your cover. Some medical conditions will mean you pay more for your insurance, but it’ll be worth it in the long run if you do need to claim. If you suffer any illness or issue whilst on holiday caused by an undisclosed condition, you’ll soon find out that you’re not covered. Some insurers won’t cover certain medical conditions at all, but they should be able to refer you to a more specialised group.

 

What Additional Benefits Should You look For?

Travel insurance is essential when it comes to medical issues whilst abroad, but there are many other benefits that can come with policies, for example holiday cancellation (by both the holidaymaker and the holiday provider), lost or stolen baggage and delayed flights. The type of holiday you’re going on is also a consideration; if you’re going on an active skiing and snowboarding holiday then winter sports cover is a must!

 

Whichever travel insurance policy you choose, be sure to read your policy documents thoroughly before you leave to make sure that you don’t do anything to invalidate the policy. But most of all have a great holiday knowing that you are covered in all eventualities!

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