HomeIt is estimated that 25% of people who go on holiday each year do not take out travel insurance. This is surprising as these statistics suggest that one in four of us would be prepared to pay steep medical bills if we were to become ill or injured while abroad. Its not only medicinal purposes why travel insurance is important, but for issues such as lost baggage, cancelled flights, property and money which may get lost or stolen. To avoid extra costs like those mentioned, make sure you take out travel insurance to keep your mind at rest.
Some of those who don't take out travel insurance when they go on holiday may not know the extent of what it can cover you for. Travel insurance can offer you cover if you need to cancel your trip altogether, or if you need to come home early. In these instances, an insurer could pay out up to £5000, which could cover the cost of the trip or a sooner flight home. Your insurance can also offer personal liability cover and legal expenses cover, in case a third party wants to claim from you. Your insurance can also offer up to £5 million in medical expenses, meaning that you will not have to pay a hefty sum of money to get medical treatment abroad and then get home safely.
One mistake many people make when buying travel insurance is not telling the insurer about any pre-existing medical problems. If you do not mention any conditions which may affect you on your trip, and then medical care is needed while you are away for this specific condition, the company can refuse to pay out. Make sure you tell your insurer upon application, otherwise your policy could be a waste of money. Another thing which is imperative to mention to your insurer is if you are going to indulge in any dangerous sports or activities. For example, if you are going on a skiing trip, you must apply for winter sports cover, otherwise an accident whilst skiing (or other dangerous activities such as bungee jumping or water sports) may not be covered. When applying for your insurance, also make sure that you will be covered in case of a terrorist attack. Many insurers do not offer cover for this, so make sure you find one that does.
When applying for travel insurance, make sure you use a travel insurance comparison tool to get a better scope of the market. You will be able to find cheap travel insurance and see what offers different companies are making. Remember, arranging holiday insurance is as important as arranging the flights and the hotel- never forget!
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