In the know: Top five things to know about travel insurance
When you’re planning a trip, you’re probably thinking about nothing more than relaxing, having fun and spending time with your family and friends. Insurance might be the last thing on your mind. But ignore this one detail, and it could turn your dream holiday into a nightmare you’d rather forget.
Here are our top five things you need to know about getting travel insurance.
1. Why it’s important
It can seem like one more cost you could do without, and a hassle to organise. But if you opt out of insurance, you risk footing a very large bill should you need healthcare or have baggage lost or stolen. For example, if you fall ill in California with a stomach bug, have to be treated and then get later flights home, it could cost you as much as £100,000. A broken hip in Spain could lead to a bill of £15,000. Find out more here.
2. What to get covered
If you’re planning a week lying on a beach, then you may not have any special requirements from your insurer. However, if you are planning any sports or other activities, mention it. Skiing and extreme sports are obvious examples, but scuba diving and other activities you may not think of as “extreme” may need extra cover.
Have a good think about your baggage as well. You need to have told your insurer what you’re taking and account for the cost of all your possessions - don’t forget about jewellery you’ll be wearing, such as wedding rings.
3. Where you are going - and why it matters
Your destination influences how much your insurance will be. If you are travelling within the EU, then it may be less expensive. A European Health Insurance Card - or EHIC - may be a good idea, as it entitles you to lower cost, or sometimes free, medical care in the country you are visiting. This isn’t a replacement for insurance however, and doesn’t cover certain things, for example, if you need to fly home straight away. Medical costs differ from country to country.
4. Pre-existing conditions
Certain ailments can affect the price you will pay for insurance. This is because it is more likely that you will need medical attention. If you have a condition then it might be worth looking at insurers such as benenden that specialise in providing insurance for all.
5. Every last detail
Providing as much information as you can is the best way of making sure you are properly covered - even if by doing so it feels like you are simply hiking up the cost of your insurance policy. If you don’t get every detail in there, it could invalidate your insurance should you need to make a claim. When you get your policy, make sure you read the full terms and conditions and the medical declaration carefully so you understand exactly what you’re covered for.
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