Travel Insurance

Hi folks. I’ve recently been pondering the importance of travel insurance and thought I’d give you a quick rundown of why it is so important. When it comes to holidays, trips and general travel, travel insurance is an essential consideration, especially when travelling overseas. Travel insurance policies can be bought for a single trip or on an annual basis, for one or multiple people and be adjusted for the level of risk your trip or holiday presents. But here is list of more basic questions for those new to the concept of travel insurance.

What is travel insurance?

It is a specialist insurance policy that covers you whilst on the duration of your trip for loss of luggage, cancellations, theft, legal costs, financial loses and hospital and repatriation costs should you fall ill or have an accident.

Why should I buy it?

While travel insurance is not mandatory, it offers peace of mind and protection against any unfortunate eventualities, however trivial or serious,  for the duration of your trip.

What coverage do I need?

Your policy should cover medical costs, repatriation and legal costs at the very least. Cancellation, delays, theft and lost baggage are optional but can also be insured against.

How much does it cost?

This will be depend on a number of factors. Some insurance providers charge more than others. The length of your trip, level of cover required and amount of risk being taken (i.e. skiing holiday) will also affect the overall cost.

Can I insure a business trip?

Special policies can be obtained for business trips.

How long will my policy last?

You can get a policy for as little as a few days (for a single trip), up to one year (usually for multiple trips). Different insurers specialise in different policy types and lengths.

Don't forget to buy your travel insurance before your next trip folks!