For thousands of years, risks have been shared during times of tragedy. The first formal insurance company, Lloyd’s of London, was formed in 1769 and their principal concept remains today – to gather the premiums of clients as a pool of resources to return to clients who experience unexpected but covered events. So, that is the secret really, plan for the unexpected and make sure you’re covered, especially when you’re travelling. mexican auto insurance Tucson Whether your trip is a quick one or a round the world cruise, there are many good reasons for travel insurance. Here are just 7:
Medical Emergencies: If you fall sick or are injured during your travel, your travel insurance will give you financial coverage.
Flight Cancellations: If your flight is cancelled or delayed then your travel insurance should help. compare travel medical insurance Depending on the cover available, a room for the night and even alternative travel home can be included.
Pre-existing Medical Conditions: Even if you have a pre-existing medical condition and it flares up while you’re on vacation, as long as you’ve advised your travel insurance company prior, you should be covered.
Damage or Loss Of Personal property – What are you going to do when your luggage gets stolen? Yes, it happens, all the time. There are organised gangs that work in airports doing just that. Guess what? You need travel insurance.
Loss of Cash or Traveller’s Cheques – You’re in a foreign country far from home. You either lose, or have stolen, your entire holiday fund. You’re going to need help and quick. Again, travel insurance is a must.
Emergency Evacuations – medical insurance for traveling abroad What with global warming and economic pressure more and more holiday destinations are being built in potentially dangerous territory. Who would have wanted to be in Thailand on that Boxing Day? Travel insurance will help if you have to get out quick.
Car Crash – It can be very difficult driving on the wrong side of the road in a strange country. Accidents happen.
Okay, there you have it. 7 good and solid reasons why you need travel insurance the next trip you make. The other alternative of course is to not take out travel insurance, or to stay at home. Now, there’s an idea. But seriously, as always when taking out insurance, especially travel insurance, read the fine print. Importantly, find out before you go what is excluded, not just included. mexican auto insurance yuma az So, always read the fine print. For example, accidental coverage is not provided in case of drunken driving, driving under the influence of narcotic substances etc. Exclusions are also provided for accidents during risky sports like bungee jumping, car racing, scuba diving, white water rafting, flying (except as passenger in regular airliners), gliding, skiing, bike racing, diving, mountaineering, windsurfing etc. The list goes on (insert for your favourite potentially dangerous sport here). That means in case of accidents in these situations the insurance company is not liable to pay any amount to the insured.
Although perhaps not the most glamorous topic in the world, travel insurance is nonetheless an essential part of the holiday process. And unlike the fairly straightforward process of asking ‘which hotel should I stay in?’ getting the right travel insurance can be as confusing as it is frustrating!
This is, hopefully, where I come in. As the managing director of mexico car insurance online I like to think I know a fair bit about the whole area. I’ve assembled this guide as something of a ‘top 10 things to look out for’ when purchasing travel insurance.
And the common question I get asked all the time is whether I think travel insurance is worth buying. Given my line of work, it’s pretty inevitable that my answer will be ‘yes’ but the reason isn’t just because of the extra money it will ensure I receive! Y’ see it’s true that the majority of people go on holiday, have a memorable time and come back without any ill consequences, but a small percentage of people will have an unexpected hospitalization or find that their flights are canceled. And believe me, in those instances trying to get help without travel insurance is not only expensive, but horribly stressful. Indeed, the best benefit of travel insurance is the peace of mind it gives the policy holder. A holiday should be about relaxation (or possibly getting your skin to become as lobster like as possible judging from recent case studies!) and how can you relax when you’re constantly on the lookout for illnesses or injuries? what does aflac accident policy cover I’m sure that even if you could have relaxed before reading this, you will be worried now! So without further ado:
1) Don’t leave your travel insurance until the last minute
Okay, people don’t like to spend money– especially immediately after dropping a load of cash on an expensive holiday, but not getting your travel insurance sorted out immediately can be a massive mistake as you miss out one of the key aspects of it– cancellation cover. Although you may think that there’s no way you’ll cancel, life is full of the unexpected, and we deal with people canceling their holidays due to family emergencies everyday.
As your holiday gets closer and closer, the chances of you needing to cancel are heavily reduced, so you completely lose the benefit of part of your insurance if you don’t sort it out nice and early.
2) Don’t settle for single trip cover if you’re going on holiday more than once
On the subject of single trip cover, is that really what you need? According to a 2004 study by Alliance & Leicester, 2/3rds of people plan to take two or more holidays a year. If you’re in the majority here, then single trip insurance will not be the best priced option (unless you have a phenomenally good value insurance provider) and it’s worth considering multi-trip or annual.
3) Your E111 health card alone will cost you for medical cover
Don’t think that just because you have your E111 European health card you will be covered for free– that’s a myth. You do need the card to show hospitals in the event of an emergency, but you will be charged by the country’s private healthcare system. Make sure your travel insurance covers illness and injury!
4) Be honest about any medical conditions you have
On a similar note, make sure you tell your insurers of all your medical conditions even if they seem irrelevant– too much information is a good thing in this case, as not providing details could later invalidate any claims you need to make.
5) Get the right policy for your holiday
Just like how there are different holidays for different tastes, there are different policies for different people. If you’re looking to go backpacking, skiing or mountain climbing, you’re going to need to track down a policy specifically for these activities to ensure you’re covered in the event of an accident.
6) Buy for the family and save
As I’ve already mentioned, there are different types of insurance for different cover– generally, companies offer single, multi trip, annual and family travel insurance policies. Predict how much you expect to be abroad and buy accordingly. If you are in a family, then it stands to reasons that family insurance is a good option– and some policies include the insurance of under-18s for free!
7) Know exactly what you’re covered against
Cheap travel insurance may seem like a bargain– and there are plenty of legitimate companies offering cheap travel insurance out there– but make sure you go through the policy with a fine tooth comb to ensure you’re not missing out on key coverage, such as cancellation and theft. As a rule of thumb, if something seems too good to be true, it probably is!
8) Check out the excesses on the policy
Actually, it’s worth going through any travel insurance policy with a fine tooth comb– cheap or otherwise. The excesses on different policies can make a huge difference, and it’s a good idea to find a policy with a lower or no excess on an area you think you are more likely to end up claiming on!
9) If you’re under the influence, then you won’t be covered
Sounds obvious, but we often get claims like this, so I ‘d best cover it: No travel insurance company will pay up on any accidents occurring while the policy holder is under the influence of alcohol or drugs– the policy is not there to allow you to behave more recklessly than you normally would!
10) Look for a company that covers against acts of terrorism for peace of mind
In the current climate, insurance against acts of terrorism is something we’ve found people to be calling out for, and sadly, most companies do not offer it as default with their policies. If I may be allowed a brief plug however, it is something that we at Insuremore include in our travel insurance packages for that extra peace of mind. If it is something that’s worrying you, it is worth ensuring it is part of your policy.