Why should I buy travel insurance?
By: fishadmin, On: 24 May 2018
By now many of us will have booked our summer holiday, but worryingly not everyone will have purchased their travel insurance. Indeed, research conducted by ABTA at the beginning of May* indicates that the number of people travelling abroad without insurance is on the rise. Potentially, putting millions of people at risk of expensive medical bills.
To avoid problems, the UK government and tour operators strongly advise holidaymakers to buy suitable insurance before travelling. Your holidays are a great time to relax, so don’t make your holiday memorable for all the wrong reasons by neglecting your insurance needs.
Before you travel
It’s best to buy your travel insurance as soon as you’ve booked your holiday, to ensure you’re fully covered against any cancellation costs or pre-trip illnesses. By taking out a policy early you could potentially save yourself thousands and it’s one less thing to worry about before you travel.
And if you’re travelling to the EU make sure you apply for a European Health Insurance Card (EHIC), or check your current one’s not out-of-date. This free card entitles you to state-provided healthcare in any European country you visit. But remember, this isn’t an alternative to travel insurance. It doesn’t cover any private medical healthcare or costs, being flown back to the UK, or lost or stolen property.
Check the level of cover
It’s easy to assume that you’re automatically covered for all possible mishaps, but this isn’t always the case. Policies can vary widely with particular requirements for insurance to cover cruises, certain sports and a range of leisure activities.
Make sure you’re open and up-front when discussing your needs with your insurance company. While most policies will cover unexpected events like redundancy or illness, they’re unlikely to cover something you knew was likely to happen ahead of your holiday.
You must provide all the relevant information regarding any past or current health issues or disabilities, known as pre-existing medical conditions. Withholding details of your medical history may mean you are not fully covered.
And worryingly, during recent years there’s been an increase in tour operators going bust. So, check whether your holiday is ATOL protected, to avoid being stranded abroad or ending up out of pocket. However, this only protects holidays that have been booked as a package so if you have made your own separate travel and accommodation arrangements, you will not fall under this.
Read the small print
No-one enjoys wading through long lists of terms and conditions, and it’s very tempting to simply tick the box to agree you’ve read and understand them. But are you confident you know what you’ve agreed to?
For instance, check how much excess you may need to pay, so you don’t get caught out. Often cheaper policies have higher excesses, so may not save you money in the long run.
And although price is an important factor, your choice of travel insurance company should never be on price alone. Remember, the cheapest policy may not provide the protection you need.
Make sure you’re happy with the policy and if something’s unclear, speak to your travel insurer. It’s best to have the discussion early so you don’t have to worry on holiday.
And don’t forget, when you travel, make sure you carry details of your insurance including emergency telephone numbers to contact your insurer. It’s better to be safe than sorry.
Make sure you’re fully covered and contact the team at Fish Insurance on 0333 331 3770 to get a quote today.
Research conducted by ABTA