When traveling, finding and buying insurance to cover yourself is a necessity. Understanding what travel insurance is, what you should be looking for in a good deal and how to find it is essential for getting the proper cover.
What is travel insurance?
Travel insurance can be bought for both domestic and international travel, and covers the loss of personal items, medical care and the cancellation and delay of trips. This type of insurance, like many, is risk based and the cost of it is calculated based on where you are going, how much your insurance covers and what length of time you are going to be away for.
In general, you must purchase your own travel insurance before you leave, however sometimes you may be covered on business trips or by credit card providers. Credit card insurance tends to have non-specific coverage and will not include the benefits and add-ons that you can get by purchasing your own.
What should travel insurance cover?
As mentioned, there are less necessary or more specialist types of cover that you can pay for, such as those which cover extreme sports, going on cruises or renting cars. However, the three types of cover mentioned below are the absolute staples, and you should not take out travel insurance without them.
● Medical insurance
Getting your medical bills covered in your travel insurance is an absolute essential. Depending on what type of activities you tend to do while traveling, the risk of injury or illness is probably higher than simply staying at home, going about your daily routine. For that reason, ensuring you don’t have to pay unexpected and extortionate medical bills is key.
The price of your insurance may change if you have pre-existing conditions, and will definitely be altered if you are seeking coverage for skiing or other dangerous activities.
A lot of the time, repatriation (being brought back to your home country early due to a medical emergency) is included in your medical cover, although it occasionally costs extra. Therefore, always ensure you are specifically covered for repatriation and not just for medical costs. Excellent cover will go into the millions of dollars of cover, ensuring any drugs and transportation you require are paid for.
Having cover for if your trip is cancelled is absolutely necessary for any journey. This will protect you from losing money if an unforeseen circumstance puts a halt to your plans in the form of losing accommodation or not taking a flight.
How to find travel insurance
Always shop around for travel insurance, as you never know where you might get the best deal. Take full advantage of price comparison websites and don’t hesitate to contact providers through live chat software in order to make sure you’re getting exactly the travel insurance that you need.
Make a list of all of the types of cover you feel are absolutely necessary to you and check your itinerary for any types of extreme sports or trips to dangerous locations. Cover can be for a single trip or a longer period of time, so weigh up the pricing options to see what the smartest purchase is.