Time For Travel Insurance?
Posted by admin in Traveling Tips, tags: Cancellation, Emergency Helpline, Exclusions, Medical Insurance, Personal LiabilityYou’ve checked the brochures, reviewed on the internet and paid the deposit – the great holiday countdown has begun! Time to look at the other things – like the travel insurance. Take time now and save yourself potential problems later
What cover do you need?
Nobody wants to find themselves in need of insurance in a foreign country. All policies have limits and exclusions. You need to know what is, and more importanly, what is not covered by your policy before you travel.
Basic policy requirements:
? 24 hour emergency helpline and legal expenses cover. Make a note of this number in different places so you can find it easily if you need to.
? Medical cover insurance for a minimum 1 million pounds in Europe and 2 million pounds in the USA and rest of the world. This may seem a huge figure, but it does cover the cost of an air ambulance should it be necessary.
? 1500 pounds minimum cover for your personal possessions and baggage. Most policies have a single item limit. Check this figure on your policy covers for example, the cost of replacing an expensive camera or watch.
? 3,000 pounds minimum “cancellation or curtailment ” cover. This covers you if, for example, you have to cut short your holiday to return home due to a family emergency. You could also claim back the cost of any prepaid trips booked.
? At least 1 million pounds of personal liability cover in case you injure somebody or damage their property.
? Your insurer should be a member of The Financial Ombudsman Service. They are an impartial organisation who can help you to settle claims and get compensation. Their services are free and can be invaluable in case where you may have a dispute with an insurer.
Hints and tips for buying your policy:
? Always, always tell the insurer about any pre-existing medical conditions – failure to do so may result in your policy being invalidated.
? Read the details carefully and ask as many questions as you need to to understand exactly what your policy covers.
? Check cover exclusions and limits. For example, do you need cover for sporting activites? Check the details.
? And remember. Check the excesses on the policy.
? Check your household contents policy (personal possessio Read more
Finding the Top Travel Insurance Deal
Posted by admin in Traveling Tips, tags: Cancellation, Financial Situation, Insurance Policies, Top Travel, Trivial ThingsTravelling abroad needn’t fill you with worry, but it’s important to be covered just in case the worst does come along. Flight cancellation and loss of baggage or passport are some of the more trivial things that could happen while your away, but you could also find yourself in a very sticky financial situation should you or one of your group become ill or suffer an accident. Outside the EU, medical expenses won’t be covered, while even inside the EU you may need to pay for transport home or private treatment. Taking out the correct travel insurance policy can cover you against all of these misdemeanours, and give you peace of mind while you’re away. If you’re looking for the best travel insurance deal for this summer, then take a read of this article for some tips for finding the best policy.
The Type of Policy
There are quite a few fundamentally different insurance policies available. There’s single or multi trip, then specific packages such as backpacker insurance and sports insurance for holidays such as skiing. It shouldn’t be too hard to think of what you need if you’re going on a foreign beach holiday within the EU – probably single trip cover – but if you’re considering more than one trip during a twelve month period, you should probably go for multi trip. The family deals on these packages can make them cheaper in the long term. Outside the EU is likely to drive your quote higher. You should remember that due to their expensive private healthcare system, you will probably need to pay more if you’re travelling to the USA, and substantially more if you’re going on a sporting or skiing trip due to the related risks.
Check on Your Circumstances
While you can tailor your insurance package according to your needs – such as getting ski cover and the like – you will also need to consider special circumstances for your group. For instance, do you or any of your party have a history of serious illness? If the answer is yes, then the quote you’re after can rocket upwards. Likewise, the same can happen for pregnant women and those over sixty five. However, it may still be possible to find a specialist insurer that will give you a quote which is less than traditional insurers. If worst comes to worst and you can’t find a reasonable quote and you’re only travelling withi Read more
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