On your next trip don’t forget to pack travel insurance – it might bring you home
Finance May 4, 2023 Wilko van de Kamp
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Traveling the world is something almost everyone has on their bucket list. For some it’s a Mediterranean cruise, other want to go skiing the Swiss Alps or go on an African safari. Maybe you’re looking closer to home and just looking to get to Las Vegas for an extended weekend away from it all. Any trip can be the adventure of a lifetime. Unfortunately, it can also be the disaster of a lifetime if you venture off unprepared.
Along with passports and plane tickets, one of the most important things to remember before travelling literally anywhere is travel insurance. As with many things what you pay is what you get: don’t just go with the “cheapest-you-can-find” travel insurance, but find a policy that will take good care of you in case you need it.
Types of travel insurance vary from company to company and it is worth your while to spend some time shopping around before committing to one policy. As a general rule of thumb I usually don’t get the policy offered through the same site I book my travel. Remember, what is considered an acceptable risk by one insurance compnay, may be excluded by another.
It is crucial that you understand exactly what is and isn’t included with the policy before you sign the virtual dotted line. Ask as many questions as you need to know exactly where you stand. Even if you look for insurance online, make sure you’re get your questions answered – even if that just means doing a bit more research first. Keep in mind that no insurance policy is going to cover you for every single thing that could possibly happen on your holiday – covering each and every risk is usually not necessary, and probably very expensive if it were possible at all. I ensure, however, that those risks I need coverage for are specifically included.
For example, does the policy allow you to participate in “adventure activities”? If you’re going skiing in Europe or white-water rafting in Canada, make sure your insurer knows about it and will cover you for accidents occurring during such “high risk” activities.
Is your luggage covered if left unattended? What does “left unattended” mean? What if you leave it in a taxi? What if you walk two metres from it to buy a chocolate bar from a vending machine?
It’s a good idea to also familiarise yourself with claims procedures before departing so you know what to do should anything happen. That includes phone numbers of who to contact, and when. Some policies have a time limit for reporting claims. In some cases, the incident must also be reported to local authorities within twenty-four hours in order to claim.
Be aware too that some countries may not recognise all insurance companies. This could pose a problem if hospitalisation is required. If the insurer isn’t recognised in that country you may not get hospital treatment. Make sure that the insurer has a global reputation so you don’t have to pay for any expenses in cash. Especially getting injured overseas can quickly become very expensive. Not having the proper insurance in place could result result in a lifetime of debt.
On your next trip, travel insurance is one thing you should definitely not leave home without! Do some research today and click the link below to explore your options.
Click the link below to get a free, no-obligation quote before your next adventure.Free Travel Insurance Quote
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