Each person who plans and books a trip has his or her personal reasons for needing travel insurance. But for the most part, there are three major reasons that make this type of policy a wise move, for anyone.
The primary motivation for having a policy in place is trip cancellation. Assume a holiday is planned, funds are deposited with a travel company or cruise line, hotel reservations are in place, and so on. What events occur if the trip is cancelled? With no policy in place, the money that has been paid may not be refunded, especially if the arrangements were made with the understanding that there would be no refunds after a certain date.
Insurance is also available to protect you if a medical emergency occurs while you are on holiday. If you plan to travel internationally you may find that health insurance you already have does not cover expenses from another country. Some policies will also cover transportation of the person to their hometown medical facility.
It would not be unusual for a medical situation such as this to cost thousands of dollars, far beyond the financial capability of most people. Ask any veteran of international travel, and they will urge you to obtain a quality insurance policy that covers most medical situations while you are away from home.
A third reason for getting travel insurance has to do with affordability. These policies are generally not very expensive, yet they provide excellent protection. A comparison of offers from several companies will usually result in significant savings. Think of it as a cost vs. risk scenario. You can have peace of mind without spending a great deal of money.
This brief discussion of three major reasons for buying travel insurance is truly just the beginning of a very important and wide-ranging subject. It is important to look, in detail, at what type of insurance is available. Perhaps the first question to ask would be: What insurance company should I work with to get this insurance?
Of course, there are several options. But you would be wise to take some time to look at several companies, and, in addition, take a close look at the types of policies they offer. A few key elements you should look for when searching for the appropriate travel insurance policy are:
- Range of medical cover
- Financial stability
- Family plans
- Special situation cover
Look at each of these points individually so that you fully understand what is offered and what you can afford to purchase. Flexibility can mean a lot of things, but in this case you would like to have a company that will talk with you about any specific situations involved in your travels. While most companies offer insurance packages that are relatively fixed as far as covered situations, some will do their best to tailor a policy to your needs.
UK residents have reported excellent results with sources such as Now Travel Insurance, for a number of reasons. Leading companies such as this will consider pre-existing medical conditions when putting together a plan for you. Cover is available not only for the UK, but for Europe and most world destinations. Plans can cover up to 365 days for a single-trip policy.
Other Key Points
Benefits include cover for airline failure, high limits for baggage loss, trip cancellation and medical expenses. Pre-existing conditions such as asthma, heart attack, hernia, COPD and many more are taken into account. Many of these conditions are covered without additional charge. Talking with an experienced representative about specific medical issues is extremely important. If you determine that your conditions are included in a policy, you may be able to eliminate all the worry that might otherwise keep you from enjoying your travels.
Once you are able to put medical issues aside to your satisfaction (and that of the insurance company) you should also ask about some of the special situations that can often be included and should be. If you trip revolves around golf, you might consider cover for equipment loss or damage, paying for rental/hire of equipment and so on. It pays to ask.
Should you be on a trip that is primarily focused on business, you should ask about including business equipment loss or damage, delay in delivering needed items, and other key points. The same details may apply if your travels focus on winter sports and the special equipment needed for those pastimes.
Top insurers will also provide specific cover for family travel, which would include an adult couple and up to four dependent children who have not reached age 18. Medical expense limits should reflect the number of people included – a primary concern. These policies also provide protection for travel delay and missed departures, all with the family situation in mind.
As you talk with your insurance representative, you may want to ask about an annual policy, as opposed to a single-trip plan. You could save significantly if you are planning multiple trips in a 12-month period, so it would be wise to ask about this policy category. With the correct cover in place, you could take an unlimited number of trips in that period without additional cost.
Before leaving this issue for the time being, it may also be good to take a look at some other special covers that may be offered. Standard travel insurance will take care of most situations when you relax on the beach or visit various tourist sites. But, what if you are the more adventurous type?
Companies may also offer adventure-holiday policies for those who engage in rafting, cycling, kayaking, scuba diving, and similar activities. In fact, leading providers have accounted for this with specific categories that cover particular activities. The bottom line with travel insurance is this: make sure you discuss all the possible scenarios in detail, so you do not get an unpleasant surprise during what should be an enjoyable and relaxing trip.