Travel Insurance – Why do i need Travel insurance this summer?
A lot of people think they don't need travel insurance. Often, this is because they
assume that they fully understand what the insurance covers and that, as a result,
it is of little benefit to them. Yet travel insurance can be extremely useful if
you're aware of what it can do. If you're travelling this summer, then you may want
to consider travel insurance. Whether you're taking a small holiday, or backpacking
across various countries, travel insurance may still be of real benefit. With lots
of options and flexibility, it is easy to cater any holiday if there is something
you would like to financially protect.
Delays and Interruptions -By far the easiest reason to take out an insurance policy
is the option to protect yourself against delays or interruptions to your journey.
It’s a well known fact that airport delays can happen. This means that there is
always the ever present chance of being delayed for a flight. If this is an inter-connecting
flight, then the financial knock-on effects could be even worse. Luckily, insuring
yourself against this will stop you from having to pay more money out. This might
not be covered on a standard policy, but is an easily acquired upgrade. Besides
a small excess, these policies will cover the costs of replacement flights, cancellations
or over-night accommodation. For someone travelling solo, this might not be a big
burden. Yet if you're travelling with your family, the thought of paying extra travel
and accommodation costs for each person can appear daunting, with the costs quickly
Medical- Depending on where you're travelling to this summer, there may be a high
medical risk. From local infections or any illness induced from the local climate,
accidents can unfortunately happen. Medical cover will help to protect you financially,
especially if you're outside of Europe where the likes of a European Health Insurance
Card (EHIC) can't help you. Expenses abroad can cost anywhere around £2,000 on average,
with more privatised countries, such as America, often costing even more. However,
if you already have an existing medical insurance policy, you should check this
first. It may cover you abroad or in certain countries for a limited time. If not,
you may still be able to take this as an option, rather than extending a new travel
insurance policy. You should also consider the quality of medical facilities in
your chosen destination. Some countries have much lower standards than others, where
you may prefer to avoid state hospitals. This, unfortunately, is more expensive,
a classic scenario where insurance would come in handy.
Possessions- This may seem simple, but the nature of your holiday may warrant a
higher type of possession cover. If you're packing clothes and cheap items, then
this might not be the best cover; the excess and low item cost generally means you
end up paying for the majority of any stolen or lost goods anyway. However, if you
bring a camera or laptop, then you may want to protect these; it’s a common fact
that the most popular tourist destinations are often rife with pick pockets. Likewise,
if the type of holiday in question involves expensive equipment, such as a sporting
holiday, then this should be protected. Extra cover may need to be taken to increase
the limits, so that the price of the equipment is actually covered.
Backpacker Insurance- This is a type of travel insurance aimed at, as the name suggests,
backpackers. If you're travelling through various countries this summer, then this
is a cheap option that may interest you. Backpacker insurance covers you against
various problems, from possessions and medical to various risks from travelling
between countries. Combining all of them, as well as catering for the specific needs
of a back packer; who will often utilise hostels instead of private accommodation,
makes for a tempting offer. This can also be extended fairly easily, so its flexible
enough that you can choose more if you decide to continue travelling. Since hostels
and other cheaper alternatives are becoming more and more popular, this might be
something you wish to consider this summer. Finally, you should consider the knock-on
effects that can happen with all these various policies. For example, if you become
ill and are hospitalised, you may miss your flights home. Not only will you have
to pay for medical expenses, but you also have to pay for a new flight. In this
end, the costs quickly add up; having both medical and proper delay insurance would
prevent the majority of this.
In conclusion, it is for these reasons that you should consider taking out travel
insurance during the summer, as well as any optional extras that will benefit your
holidays in particular. By focusing on what's important and removing what is only
a waste of money, you can find an optimum policy that doesn't cost a fortune.
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