Travel insurance advice

Posted on Nov 28 2008

Travel Insurance

Many people deeply regret not taking out travel insurance. They think their credit card accident cover, home insurance, or private health cover is sufficient.

Accidents do happen and here is a simple travel insurance guide to avoid extremely expensive and unpleasant situations that can turn the holiday of your dreams to a real nightmare.

Remember: No Embassy or High Commission of any country will help you financially, so you need to be fully covered.

What should my travel insurance policy cover?
- medical and health cover for an injury or sudden illness abroad
- 24 hour emergency service and assistance
- personal liability cover in case you're sued for causing injury or damaging property
- lost and stolen possessions
- cancellation and curtailment (cutting short your trip)
- Extra cover for activities that are commonly excluded from standard policies, such as jet skiing.

Remember: The policy should cover the whole time that you're away.

Optional cover but highly recommended that your policy covers for:
- personal accident cover
- legal expenses cover

Tip: many insurers will extend cover if you ask them. If not, shop around for a specialist policy.

Common travel insurance policy exclusions

Always check the conditions and exclusions of your policy:
- most policies will not cover drink or drug-related incidents
- You must take reasonable care of your possessions or your policy will not cover you.

Travel insurance buying tips
- shop around to find a good price and the right product rather than opting to travel without cover
- Cheaper policies will usually have less cover - for some the price seems most important, but is it worth the initial saving?
- Consider annual multi-trip insurance if you make several trips a year - you'll save time and money.

Important: common sense is important otherwise although you are insured you may not get reimbursed. For example, all insurance policies say that you must take care of your belongings at all times. If you don't, the insurer may not pay out.

Tip: take as much care of your property as if it were uninsured.