Choosing the right travel insurance can be a real minefield with a huge range of things to consider when investing in cover. The importance of travel insurance is often overlooked but it’s a vital part of holiday planning as there’s simply no way of knowing when something could go wrong. Cover doesn’t just include any unexpected medical costs when abroad, but also covers you in case you need to cancel your holiday or if the airline you were planning to travel with goes bust. Nobody likes to think of these things when planning a holiday but the right insurance can save you tens of thousands of pounds should anything happen to go wrong.
Although it varies from policy to policy, basic cover should include the following:
Medical Cover – If you are unfortunate enough to have an accident or be taken ill while abroad, medical bills can end up costing you a fortune. Because of this, many experts recommend £2m of medical cover when travelling which should also include repatriation in case you need to be flown back home.
Personal Liability – This covers you in case you accidentally injure someone or damage their property. It’s generally a good idea to have personal liability cover up to £1m.
Emergency Assistance – A lot of companies now offer a 24/7 emergency helpline which can be vital if you are in a different time zone.
Cancellation – If, for whatever reason, you need to cancel or cut short your holiday, the recommended limit is £3000 or the total cost of your holiday.
Baggage & Belongings – Basic cover should pay out up to £1500 if your luggage or belongings are lost, stolen or damaged while on holiday. More expensive items such as cameras and laptops can be subject to limited pay-outs so be sure to take out extra cover if you’re planning on taking something particularly valuable away with you.
Delay – Flight delays are not all that uncommon and it’s well worth getting cover for this as you will be compensated if the delay is longer than 12 hours. To make your claim easier, ask your airline to confirm the delay in writing and keep hold of any receipts of things you have had to purchase because of the delay.
Pre-existing medical conditions - If you have any pre-existing medical conditions, even something like asthma, you may need to take out a specialist policy as this is unlikely to be covered under basic policies. However, our team specialise in finding the best travel insurance deals whatever your personal circumstances, so feel free to pop in for a chat to discuss all the available options in more detail.
IMPORTANT INFORMATION regarding pre-existing medical conditions - If you are unable to obtain travel insurance for this reason then please contact The Money Advice Service - Medical Cover Firm Directory