12 things you must know about travel insurance

12 things you must know about travel insurance

If you are planning a trip away, it is so important to ensure that you have the correct cover should anything happen on the holiday, and you are faced with a lot of unexpected costs. Approximately one in five adults risk going away on holiday with no travel insurance, assuming that nothing will happen to them. But, did you know that some travel insurance companies will pay out should something happen to the plane during your flight? Whilst no one wants to think of their holiday being ruined with illness or injury, it is so important to stay protected. Here are 12 things to know in order for you to get the best out of your travel insurance. 

1)   You can get annual cover


If you are a regular traveller, or know that you are going to be going on holiday more than two to three times that year, did you know that you can get an annual travel insurance policy? Instead of taking out separate policies for each different trip, your annual one will cover you for all your holidays that you go on throughout the year. This can often save you money, as well as hassle. It also means if you decide to go on a last minute break, you already have your cover in place. 

2)   Don't assume your electronic items are covered


Each policy is and company are different and you may find that your electronic items are not fully covered. Most policies will have a very limit amount that they will reimburse you with should anything happen to your electronic devices whilst away. If you know that you will be taking electronic gadgets with you that will cost a a lot of money to replace, consider getting a personal property insurance as well to ensure that everything is covered. 

3)    Some insurers may have upper age limits

old couple

If you are travelling with an older friend, or you yourself are older, check that your policy will cover you regardless of your age. Some travel companies may have an upper age limit, and will not cover you if you are over a certain age. Whilst this s not the same for all of them if you are worried that you might fall into that bracket, make sure you have left yourself enough time to shop around and find a cover that is suitable for you. 

4)   You might already have cover

bank card

This one sounds odd right? Surely you would know if you have travel insurance or not? But what you might not realise is your bank or credit card company might offer you travel insurance as part of their deal. If you pay a certain amount each month for your bank account, it is worth calling them to see what you get included in this. After all, it is only a phone call, and it could stop you from paying twice. Like any travel insurance though, make sure you read the small print properly, to know exactly what your cover provides you with. 

5)    Your EHIC is not a substitute


If you are travelling in Europe, you will know that your European Health Insurance Card entitles you to free or a reduced cost medical treatment; however, do not treat this as a complete substitute for travel insurance. It is also worth paying for cover, as there are certain parts that the EHIC will not cover, such as repatriation if you are transferred back to the UK. It will also not cover the cost of your holiday should you have to cancel it due to the injury or illness like travel insurance will. 

6)    Don't leave booking it to the last minute

man on laptop

Travel insurance, at the end of the day is important. It should not be a rushed decision, and you should spend some time reading through the different policies, so you are sure of what you are getting. Shop around and compare prices, particularly if you have booked your holiday through a travel agents, as the cover that they will try and sell you is normally more expensive that comparable ones. There of plenty of website that will let you compare the prices, whilst making sure you get right level of cover. 

7)    Sporty holidays may require different cover

Mountain biking

If you are going on an extreme sports holiday, or know that you will be doing some extreme sports when you are there, it is likely that you will require a different level of cover to that of a normal holiday. Ensure that you enquire at the time of booking, and be honest with what you are doing, even if you have to pay a little bit more. It is much more important to ensure that you have the correct level of cover, should you get injured or need medical care during your time away. 

8)    ALways read the smallprint

small print

We are all guilty of not doing this at some point. It can be full of jargon that you do not always understand, and is easy to skip, but it is so important to read it to find any clauses, or if there are any times when your insurance becomes null and void. The small print will detail exactly what your policy will cover, and it is so important to know and understand what you are paying for, and to ensure that the cover is the right one for you. This one is, unfortunately, a necessary evil.

9)    Buy when you book

family holiday

You may be unaware of the benefits of booking your travel insurance when you book your holiday, but it is incredibly beneficial, particularly if you are commonly found rushing around at the last minute trying to sort your insurance out a few days before you are due to leave! If you pay for your insurance at the same time that you pay the deposit for your holiday, it should allow you to be reimbursed with your money should you have to cancel your trip due to illness or injury. 

10)    You must disclose any medical problems



Similarly to the extreme sports holiday, if you have any known medical conditions you will probably find that you will require a specialist cover. If you do not disclose these, and then need medical treatment during your holiday for an existing health problem that you knew you had, your insurance company will simply not pay out. You can still be insured regardless any health issues; however you will require a tailored policy that is suited to your needs. Failure to disclose these will simply invalidate your claim. 

11)   Choose an affordable excess


When shopping around for your travel insurance, it is important to ensure that you have picked one with an affordable excess, which is the proportion that you will have to pay yourself should you make a claim. Important things to consider are what you are taking – if you are paying a higher excess for a lower value product is it worth putting in a claim, or are you better off opting for a lower excess? Also, if you are taking out a family policy, ensure you know whether the excess is for the whole family or per person to avoid any confusion should you need it. 

12)   Cheap is not always best


We all like to save money where we can, particularly when we are on holiday, as these can become very expensive; however, the cheapest policy may not always be the best one for you. Check exactly what it is that they cover, prior to buying it to ensure that the company will pay out should they need to. You need to be sure that your policy is best for you, so it is advisable to use a comparison website where you can input everything you require from your policy and then compare prices, instead of just going for the cheapest option without checking. 

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