With all that’s going on in this world, it’s a good idea to take out travel insurance when going on vacation for your safety and security, but also for peace of mind. There’s nothing worse than being the victim of crime while on holiday or, heaven forbid, being involved in an accident of some kind. Without travel insurance, you may find yourself liable for untold sums of money, which can ruin your vacation trip and also hurt your pocket when you are back at home.
However, you may ask, what is the best way to get covered against all eventualities, but also to do this in a way that is both economical and affordable? After all, you want to have money left over to spoil yourself while you are actually on your vacation! The following are a few tips to help you along your way.
Do you travel a lot during the year? If yes, then why not consider annual cover? This works out to be much more affordable than individual, single trip policies and also takes the work out of planning future trips. The only possible drawback is that generally such annual policies only cover trips lasting up to 31 days each. If you are thinking of becoming a nomad and backpacking the world for longer than that, this option might not apply.
If buying single trip policies, these can work out expensive. However, like your vacation itself, it is possible to shop around for the best deal. While your travel agent or airline might not offer the most economical, going direct with the specialists will usually save some money and give you the best and most relevant cover. Online comparison websites are also handy for the best possible deal.
It is also a good idea to always think ahead when it comes to potential medical emergencies. If you have any pre-existing medical conditions, make sure you are honest with your travel insurance broker. Some companies might levy a small premium for particular medical conditions, and if you are not honest up front, this might make any future claims null and void.
Talking medical aspects, if you are a European resident, traveling within the EU, always remember to apply for an EHIC (European Health Insurance Card). This card enables you to receive the local, state-provided medical treatment should anything happen while you are on your trip. Another great benefit is that, by holding this card, your broker might possibly waive your excess, allowing you to travel the world in safety and with peace of mind. However, bear in mind that the card is not an alternative to travel insurance and does not cover private healthcare services.
Are you planning to get involved in any extreme action sports while away on vacation? Maybe you are planning to climb that mountain, ride the white water or go scuba diving. Make sure your insurance company is aware of what you are intending to get up to, to ensure you have adequate cover for such risks.
Another aspect to check into before you rush out to buy your travel insurance policy, is what your household policy contains, as you may find that it covers travel luggage. This could mean a saving in your policy for your trip and would prevent being double-covered for that aspect too.
Are you traveling alone, in a group or with family members? Always bear in mind that you could buy joint cover for your whole party and definitely make a saving along the way.
So shop around when planning to travel the world and ensure you have the best possible deal on your travel insurance for safety, security and affordability and, of course, have a great trip.
By Anne Sewell