While travel insurance may not be the most exciting part of jetting off on holiday it certainly is a vital part of the booking process, and securing a good insurance policy could potentially save your holiday.
It is worrying, therefore, that one in five Brits planning a vacation have confessed they either do not bother taking out travel insurance, believe they are covered under other policies like health cover, or simply have no idea whether they have insurance or not.
Research revealed that 18 per cent of people mistakenly believe that they would get a pay-out from their travel agent or airline if their flight was cancelled. Daredevils jetting off on an adventure holiday were found to be the worst culprits, with 36 per cent confessing to never or only sometimes check whether their insurance will cover them for the activity they are undertaking.
While many Brits may be prepared to take the risk of travelling without insurance, make sure that you’re not one of them. While some may believe that taking the risk will save them money, if something should go wrong while they are away they could be left severely out of pocket.
Travel insurance is a safety net in many tricky situations
When you go on holiday travel insurance is there with you every step of the way, from the moment you step on the plane to checking in at your accommodation and enjoying yourself while away, until you are safely back in your home.
Arguably the most important part of travel insurance is the medical cover it provides. If you don’t take out insurance and you experience health problems while away, depending on what country you are visiting your medical treatment could well and truly break the bank. While the European Health Insurance Card (EHIC) will provide some relief if you are holidaying in Europe, as it offers European nationals state-provided healthcare, if you are in the US or other countries outside the Eurozone it could prove a serious problem.
While everyone needs to secure travel insurance before jetting off, if you have a pre-existing medical condition this is even more important. Travelling with a pre-existing condition means that you are at a higher chance of experiencing health problems while away.
No-one likes to think about an illness ruining a long-awaited and well-deserved trip, but if you should experience serious health problems while in the US, for example, a hospital stay is likely to cost you thousands of pounds. Should you need to be flown home early, you will have to shell out thousands more for last minute plane tickets. However, if you had taken out a travel insurance policy before the trip, all these financial concerns will be taken care of so you can spend time attending to the things that are really important. At Staysure, we offer up to £10 million in emergency medical cover including repatriation. This means that we won’t just cover medical bills, but should you need to return to the UK, you won’t have to worry about the financial implications of doing so.
However, it is not just medical situations that travel insurance provides a safety net for: it also covers aspects of the trip like baggage and cancellation cover. While many holidaymakers may believe that their airline or travel agent will compensate them should their plane be cancelled, this depends on a number of factors and is in no way a sure thing. Cancellation cover, on the other hand, would provide insurance if you had to cancel for some reason. What’s more, there is little worse than losing your bag on holiday, particularly if it contains expensive items, and baggage cover means that you will not suffer being left out of pocket on top of your possessions going missing.