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If the cost of traveling simply was the cost of getting from point A to point B, a lot more people would do it a lot more often. The reality is travel includes a lot of other costs beyond getting to your destination such as accommodation, car rental, meals, activities and the rest. When you start adding the cost of all this all up, it’s usually expensive enough without having to worry about paying for travel insurance as well. This is one of the reasons that many people opt not to get it. However, not having travel insurance when you really need it could mean you pay out a lot more if something unexpectedly goes wrong.
Say your flight gets delayed, cancelled or rescheduled, what happens then? If you have travel insurance, your insurer may pay for accommodation, meals and transfers while you wait for your flight. You could be also be reimbursed for prepaid accommodation, tours and activities you miss out on at your destination because of the delay.
Losing your Phone
It’s not unusual to take your phone, your tablet, your laptop, your mp3 player or your camera on holiday. What happens if you lose them or they are stolen? Travel insurance can cover loss, damage and theft to items of value while you are travelling. Bear in mind that you may need a police report if the item is stolen, and certain insurers will only cover an item’s value up to a certain amount.
Losing your Luggage
There’s nothing worse than waiting at the baggage carousel at the airport and your luggage not turning up. Travel insurance can cover your luggage if it is lost by the airline, and it can also cover it if it damaged, lost or stolen during your trip. If you have any valuable items, it’s usually a good idea to cover them with the insurer individually.
No one plans to get sick or injured while they are travelling, however, it does happen. If this were to happen to you, could you afford the medical bills? Say you were travelling in the US uninsured and you broke your leg. You could expect to pay almost $70,000 in medical bills. Imagine how much you would pay for a more serious injury that required hospitalisation or repatriation. With the right travel insurance, those costs could all be covered.
Thinking of hiring a car while you are away? What happens if you have an accident? Car rental excess can often be in the thousands – can you afford to cover that? Travel insurance can cover car rental excess if you need to make a claim.
Why you need travel insurance!
Medical: This can cover sickness or injury that requires medical treatment, repatriation and medical evacuation. You may also find dental cover is included, as well as accidental death and permanent disability cover.
Lost, Damaged and Stolen Items: Travel insurance can cover luggage as a whole, or individual items against theft, damage and accidental loss. Travel documents and cash can also be covered.
Snow sports: Snow sports can be dangerous – and costly if you need medical treatment. If you plan to take part in snow sports, you may need to take out additional cover.
Cover for the whole family: You can buy travel insurance as an individual, as a couple or as a family, depending on your needs.
Long and short-term cover: You can buy single trip insurance, longer-term cover, or annual cover.
Different levels of cover: Different levels of cover are available, depending on what you need and how much you are willing to spend.
If you want to find the best travel insurance for your needs, be sure to shop around for travel insurance quotes. Compare your options, read the terms and conditions, and make sure the cover you choose gives you the cover you need.
(Photo courtesy of Doug)