Travel Insurance
Find here the reasons why you should buy travel insurance and where to get them! This article outlines the reasons why you should get it every time you travel.
If you are planning to travel abroad, or even just within the country, taking out travel insurance is strongly recommended. Travel insurance will provide you protection from medical costs, and it can also cover disruptions to your trip.
We created a chart of the top travel insurance for you to choose from.
Why is it Important to Have Travel Insurance?
By getting travel insurance, you are basically covering yourself against the risks while traveling such as stolen or lost luggage, flight cancellation, and unexpected medical costs in another country.
A small medical emergency abroad could completely deplete your budget for your vacation. This is how getting travel insurance can give you peace of mind. If you are traveling to the United Kingdom, it would cost you £150 just to visit a general practitioner, and hospital bills are still not included which could run into millions. Travel insurance can also provide a level of protection against currency fluctuations.
Travel Insurance Coverage
A comprehensive travel insurance policy covers the following:
1. Losses incurred due to unforeseen cancellation of your trip
2. Emergency medical coverage
3. Death and disability cover
4. Stolen or lost luggage
5. Personal liability cover
But there are also premium policies that can cover damage to rented cars, or even business conflicts. There are too many options that can be included, but you will have to ask your travel insurance provider.
Premium policies are will generally range from 5% to 7% the cost of your trip, but the fees will vary depending on your medical history and your age. A lot of companies offer policies that will include coverage for children with no extra charge.
We strongly advise you not the buy travel insurance from your tour adviser. Here are the reasons why:
1. Travel insurance these travel agencies offer are not as flexible as you want them to be.
2. They will provide a lower amount of coverage.
3. It may only cover a small portion of your trip.
4. The coverage these agencies offer may be secondary and the insurance will only pay for your own private health.
5. May duplicate the coverage that you already have.
A lot of travel agents are not fully aware when it comes to an understanding the intricacies of travel insurance policies – they may overlook something important to you. Buying travel insurance from a travel agent may be easier or less expensive, but for the reasons we’ve listed, you should read into the details and compare multiple policies.
But if you still want to buy your insurance policy from your travel agency, just be sure to use a credit card. This way, you may be provided with protection against possible default of the operator.
