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Most people in UK pay no attention to travel insurance. The official estimates show that British nationals on average take around 60 million trips abroad every year. The chances of getting injured or having a medical problem while travelling are always there. In some countries like America the medical costs can be crippling especially if you end up in a hospital. Loss of luggage, valuable items and personal possession can also be quite expensive. Similarly if you miss an important connection or you are delayed, you may end up paying for a complete new ticket even though it was no fault of yours. A good travel insurance policy is an easy way to minimise the stress and disruption caused by such events.
What is covered by Travel Insurance?
- It covers theft and loss of personal possessions
- Provides 24 hour emergency assistance, you can call whenever you are in trouble
- Personal accident cover if you are injured
- Medical emergencies, this covers medical treatment and transport
- Legal costs associated with accidents or injuries
- It covers personal liability if you injure somebody else
- Also covers delays and cancellation to your trip
What is not covered by Travel Insurance?
- Travel insurance policies will not cover war
- Mental or Nervous Disorders or breakdown
- Self-inflicted injuries
- Interruption to your trip because of business or contractual commitments
Following are some of the most popular travel insurance policies
Single trip or Annual Travel Insurance
- The annual travel insurance covers you for a number of holidays over a period of one year
- The single trip insurance on the other hand only covers for one specific holiday
- Annual insurance offers massive savings in comparison to single trip insurance
- Its normally no more than 3 times the price of a single cover
- Getting annual travel insurance is often more convenient then buying insurance every time you travel
Travel Insurance for the Family
- Instead of covering for an individual this insurance policy covers for the entire family including all the children
- Some policies will vary their premium depending on the number of children whereas others will not take this factor into account
- The premium may also vary depending on whether it’s a single parent family or not
- The family insurance policies offer big savings, they can be very cheap, effectively giving your children a free cover
Business Travel Insurance
- This insurance policy covers the business traveller for laptops, PDAs and other office related stuff
- You can also get colleague replacement cover with this kind of insurance, the colleague replacement cover will allow somebody else to travel in your place
- This insurance is available on an annual basis as it is assumed that you will be making multiple trips as part of your business
Winter Sports Travel Insurance
- Winter sports such as snowboarding and skiing are some of the most popular holidays among Britons
- These sports can be extremely dangerous and require adequate insurance cover
- Winter sport cover can be taken out separately or as an extra option with the general travel insurance policy
- The insurance cover will vary depending on the kind of activity you pursue such as cross country skiing, mono skiing, ice hockey, bobsleigh etc
- The insurance will also need to cover the equipment such as skies, sledges and other hired stuff
- You may also find policies that cover the cost of search and rescue if you go missing
Backpackers Travel Insurance
- This insurance policy is taken out when you go away for a long period of time i.e. anything between 3 to 18 months
- This insurance has a few names such as ‘gap year travel insurance’ or ‘long stay travel insurance’
- Make sure the countries you visit are covered by your policy
- The medical cover with this policy is only valid if you are within EU, you will not be covered if you are in Africa or a third world country
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