travels

Annual or single trip policy?

If your holiday (and business) pattern is for several short trips a year then an annual policy may be the best option for you, as you will be covered for a full 12 months and only need to remember your renewal date. However, if you only go once a year, for that hard earned and saved for fortnight in the sun, a single trip policy would be better value. Do some research on the internet before deciding on your insurer. As a rule of thumb, you will get a much better deal by going direct than by buying through a travel agent. An hour’s research could save you a lot of money!

There are excellent deals to be had on both types of policy. Multiple trip policies cost more initially, but would work out cheaper than buying just 3 single trip policies to Europe over a year. Consider how many times you are likely to travel abroad and select the right type of policy for you. Our guide will help to make you aware of things like “standard exclusions” so in the event of you needing to make a claim there won’t be any surprises.

Important policy features: -

Medical Cover – Always, always tell your prospective insurer about any pre-existing medical condition. For example if you have diabetes and take medication, tell the insurer. Some may not accept you for cover, but if you fail to divulge the information, any claim will quite probably be refused. Shop around and get a policy that covers you properly. It may cost a little more, but will be worth it.

If you are travelling to Europe, a European Health Insurance Card will allow you to get treatment in Europe if needed. This card is not intended to replace a travel insurance policy, but some insurers will waive excess fees if you have them.

Baggage and belongings – Normal policy limits set the figure for this at 1,500 pounds, providing cover against loss, theft and damage.

New for old – If an insured item is stolen or destroyed your insurer will replace it, or pay for repairs if something is damaged.

Valuables – Most policies place limits on individual items of between 200 to 500 pounds within your policy cover.

Prescription glasses – check policy details carefully. Some insurers exclude spectacles completely, so you won’t be able to claim if they are lost or stolen.

Currency cover – Limits are usually set at between 200 to 500 pounds in the event of theft or loss of currency, which also generally include traveller’s cheques. Check your policy wording for specific details.

Cancellation of your trip – your policy should compensate you in the unfortunate event of you having to cancel, or cut short your trip, due to the serious illness or death of a close relative or partner.

Many travelers operate under the assumption that nothing bad will ever happen, and as a result they are simply not prepared when the inevitable occurs. Although some types of travel insurance may not be appropriate for everyone, there are absolutely policies of some type for virtually any consumer. Before planning the next trip, it is imperative that an individual learn about different options available to help properly protect them.

One of the types of travel insurance that can help alleviate some of the stress involved with trip planning is cancellation coverage. Many travel policies offer a complete refund of all costs associated with the trip in the event that it must be canceled due to illness or other documented emergency. Air fares, hotel expenses, and other costs can be very expensive, but travel insurance will protect a consumer from spending money on a trip that they are unable to take.

A second type of holiday insurance protects the personal belongings and baggage of the policyholder. Airlines do the best that they can to responsibly care for luggage, but the fact of the matter is that items become lost and damaged quite frequently. There is nothing worse than arriving at an exotic vacation destination to discover that the only clothes a traveler has are the ones being worn. Travel insurance can provide immediate funds to replace the items lost and may even provide protection against lost valuables and money.

Perhaps the most important aspect of holiday insurance is the health care considerations and coverage. Few people stop to think about what would occur should they become ill while on a trip. Many health insurers will not provide medical coverage outside of the United States, and virtually none of them offer air ambulance services that would be capable of rushing a patient home for better care or treatment. Travel insurance will help ensure that appropriate medical care will be received no matter how far from a home an individual is.There are many other types of travel insurance available for practically any situation, and many policies actually bundle multiple features and benefits together.

Nobody wants to consider the possibility of something bad happening to them or their loved ones, especially on vacation. Many incidents simply are unavoidable, but a traveler can absolutely protect themselves and prepare for the worst case scenario with insurance. The great news is that most travel insurance policies are not very expensive, and they are a bargain when considering the potential costs from situations that arise.

Many travelers operate under the assumption that nothing bad will ever happen, and as a result they are simply not prepared when the inevitable occurs. Although some types of travel insurance may not be appropriate for everyone, there are absolutely policies of some type for virtually any consumer. Before planning the next trip, it is imperative that an individual learn about different options available to help properly protect them.

One of the types of travel insurance that can help alleviate some of the stress involved with trip planning is cancellation coverage. Many travel policies offer a complete refund of all costs associated with the trip in the event that it must be canceled due to illness or other documented emergency. Air fares, hotel expenses, and other costs can be very expensive, but travel insurance will protect a consumer from spending money on a trip that they are unable to take.

A second type of holiday insurance protects the personal belongings and baggage of the policyholder. Airlines do the best that they can to responsibly care for luggage, but the fact of the matter is that items become lost and damaged quite frequently. There is nothing worse than arriving at an exotic vacation destination to discover that the only clothes a traveler has are the ones being worn. Travel insurance can provide immediate funds to replace the items lost and may even provide protection against lost valuables and money.

Perhaps the most important aspect of holiday insurance is the health care considerations and coverage. Few people stop to think about what would occur should they become ill while on a trip. Many health insurers will not provide medical coverage outside of the United States, and virtually none of them offer air ambulance services that would be capable of rushing a patient home for better care or treatment. Travel insurance will help ensure that appropriate medical care will be received no matter how far from a home an individual is.There are many other types of travel insurance available for practically any situation, and many policies actually bundle multiple features and benefits together.

Nobody wants to consider the possibility of something bad happening to them or their loved ones, especially on vacation. Many incidents simply are unavoidable, but a traveler can absolutely protect themselves and prepare for the worst case scenario with insurance. The great news is that most travel insurance policies are not very expensive, and they are a bargain when considering the potential costs from situations that arise.

Annual or single trip policy?

If your holiday (and business) pattern is for several short trips a year then an annual policy may be the best option for you, as you will be covered for a full 12 months and only need to remember your renewal date. However, if you only go once a year, for that hard earned and saved for fortnight in the sun, a single trip policy would be better value. Do some research on the internet before deciding on your insurer. As a rule of thumb, you will get a much better deal by going direct than by buying through a travel agent. An hour’s research could save you a lot of money!

There are excellent deals to be had on both types of policy. Multiple trip policies cost more initially, but would work out cheaper than buying just 3 single trip policies to Europe over a year. Consider how many times you are likely to travel abroad and select the right type of policy for you. Our guide will help to make you aware of things like “standard exclusions” so in the event of you needing to make a claim there won’t be any surprises.

Important policy features: -

Medical Cover – Always, always tell your prospective insurer about any pre-existing medical condition. For example if you have diabetes and take medication, tell the insurer. Some may not accept you for cover, but if you fail to divulge the information, any claim will quite probably be refused. Shop around and get a policy that covers you properly. It may cost a little more, but will be worth it.

If you are travelling to Europe, a European Health Insurance Card will allow you to get treatment in Europe if needed. This card is not intended to replace a travel insurance policy, but some insurers will waive excess fees if you have them.

Baggage and belongings – Normal policy limits set the figure for this at 1,500 pounds, providing cover against loss, theft and damage.

New for old – If an insured item is stolen or destroyed your insurer will replace it, or pay for repairs if something is damaged.

Valuables – Most policies place limits on individual items of between 200 to 500 pounds within your policy cover.

Prescription glasses – check policy details carefully. Some insurers exclude spectacles completely, so you won’t be able to claim if they are lost or stolen.

Currency cover – Limits are usually set at between 200 to 500 pounds in the event of theft or loss of currency, which also generally include traveller’s cheques. Check your policy wording for specific details.

Cancellation of your trip – your policy should compensate you in the unfortunate event of you having to cancel, or cut short your trip, due to the serious illness or death of a close relative or partner.