Purchasing travel insurance is a necessity to ensuring the safety and peace of mind for you and your family. However, there are many different areas of coverage to choose from and different policies will cover different things. Some companies may even allow you to “design your own” policy so you can get the right coverage for the right things. Below are just some of the areas you can be covered for in your cheap travel insurance policy.
Cancellation and lost deposits
This aspect of your travel insurance plan is often optional and with some agencies, isn’t even offered. It covers for cancellation fees and lost deposits for pre-paid travel arrangements you may cancel due to unforeseen circumstances. Some examples of this may be sickness, accidents, natural disasters or strikes. It doesn’t cover for change of mind and is generally based on the approximate value of your holiday. A good agency will offer this in their comprehensive policy.
Luggage and personal effects
This can cover anything from reimbursing repair costs or replacing luggage or personal effects to covering the cost of replacing passports, travel documents or credit cards. Luggage and personal effects insurance can also cover the theft of your money. It generally covers what you take with you, but can be different with each company, so it is important to check the fine print on this area.
Medical and hospital
Often considered the most important part of your travel insurance policy, this covers any medical expenses while you are on holidays. This usually includes overseas emergency medical and hospital expenses, hospital cash allowance and medical evacuation or funeral expenses. Medical and hospital insurance is found in most insurance policies, whether it is online travel insurance, cheap travel insurance or the best money can buy.
Ancillary benefits cover problems you may have with loss of income, personal liability, rental vehicles, accidental death, permanent disability and domestic services. Certain conditions and limits apply to these benefits and some companies may not offer ancillary benefits in any of their policies, so it is important to read all the terms and conditions for this particular area.
If you’re looking at cheap travel insurance or online travel insurance, shop around and find out what would be appropriate for you and your family. Think about what kind of trip you are going on and what you think you may need covered, referring back to the above coverage options so you can save time and money and get on with enjoying your holiday sooner.
Guest Post by:
Kevin is an avid traveller, who loves sharing useful travel tips and his experience with travel enthusiast. He enjoys the outdoor life and is excited to see what the rest of the world has to offer.