There are many reasons why we should buy travel insurance, all of which have been well documented. Unfortunately, many people either don’t want to buy travel insurance, or forget to buy it before they travel. In fact, as long as you haven’t left the UK, you can still buy travel insurance and be insured whilst away. Travel insurance can be arranged on the day of travel and maybe cheaper if you can leave out the cancellation part of the policy. The cancelation cover is usually not needed if you are at the airport or ferry terminal and about to leave. The cancelation cover will only come into force if you have to cancel your trip due to unforeseen circumstances such as ill health which prevents you or anyone named on the policy from travelling or due to the death or near death of someone close to you, such as an immediate member of your family.
The cancellation cover on a travel insurance policy will not cover the full cost of the trip if you have only paid for the deposit or a couple of down payments towards the total cost. You will only receive the amount you have paid minus the excess payment due if there is one. The excess payment can vary greatly depending on the type of policy and the cost of the insurance cover. There can be an option to allow an excess payment to be doubled and this will make the overall cost of the policy cheaper. If the typical excess is £50.00 you would pay £100.00 towards each claim, if your claim is successful and the underwriter agrees to pay an amount, the excess amount will be deducted from the award. Some insurance policies will allow customers to waive an excess fee; this would make the policy more expensive. The curtailment cover on a travel insurance policy relates to the circumstance in which a person has to cut short a trip. The reason for cutting short a trip is usually due to the unforeseen sudden illness or death of a close relative of anyone named on the travel insurance policy. The policy holder will need to remember that if a relative is very ill before the trip is booked, the cancelation or curtailment part of the policy will not be valid.
The part of the policy that relates to sporting activities will detail the exact level of cover should any accidents occur whilst taking part in a particular sporting activity. Some sports have limited cover and this will be made clear in the policy wording. The ‘Personal Liability’ part of the cover may not apply to the more risky sporting activities such as jet skiing or go karting, whereby an accident involves another person.
A travel insurance policy should include cover for repatriation. This is very important when considering what would happen to you if you became so unwell you needed to be bought back to the UK immediately. A good policy will also include the cover for another person to travel back with you if you are on holiday together. A medical professional such as a specialist nurse should also be available if needed during the flight.
The average travel insurance policy will have various additions that you can add on if you need to. This is particularly important if you are going on a business trip and need to insure samples or computer equipment adding Business Cover on to your travel insurance policy may only cost a few £’s but can make all the difference.
The type of holiday or trip you are making will give an indication as to the type of cover you will need to buy. The winter sports holiday will require a different level of cover to a beach holiday. Taking out a Travel Insurance policy specifically with cruise cover is usually a requirement with cruise companies. They will expect you to have the correct cover and will often want to know in advance who your medical assistance company is. Cruise travel insurance can however often be included in your policy as standard.
To find out more about travel insurance we suggest you read the Foreign and Commonwealth Guidance on Foreign Travel Insurance.
Then you just need to buy some insurance and we suggest you get some quotes from comparison websites and direct companies.