How important is travel insurance?

03 August 2013 - Which Way To Pay

Email Article Print Article

Travel insurance – is it worth buying?

Although sometimes we hear awful stories about travel insurance not covering for those “out of the ordinary” events, the question we ask ourselves is travel insurance worth buying? The answer to this is “yes”. Travel insurance does protect you against extremely common problems, for example if you fall ill abroad and need to be hospitalised, if you need to cut your trip short due to a family bereavement or even if you lose your baggage. It is however, important that you understand your policy before you take out the travel insurance.

Research and compare all travel insurance policies

Like all insurance, it is important to research the various policies on the market. The cheapest policy you find might not be suitable for your needs. Different insurance companies pay out for different things so it is of paramount importance that you compare each individual travel insurance policy – what is right for your family or friends might not necessarily be right for you.

Three reasons to carefully check your travel insurance

Check your excess – the excess is the amount you will have to pay towards any claim that you make. Some insurance companies charge just one excess per claim which will work out cheaper than needing to pay out an excess on each individual claim. For example, if your handbag was stolen.

Check your health – a common reason why insurance claims are refused is due to pre-existing health conditions that have not been disclosed. This may also be the case if the medical condition has not yet been diagnosed but you have seen a doctor about the conditions.

Check your start date – Most people take out holiday insurance the day they go abroad, rather than the day they book. This could be a problem when you have to cancel the holiday in advance. In some circumstances the insurer may refuse to pay any cancellation costs because the policy has not started.



Compare Foreign Exchange and Currency >>

Compare Loan and Debt Products >>

Compare Cards Products >>

Compare Money Products >>

Compare Insurance Products >>

We are always looking at simpler ways of controlling our day to day spending , Transaction accounts are the simplest way this can be done .
30 August 2016
Which Way To Pay
As we all want to keep on top of our financial situation , Transaction accounts can do this for you .
Having the stress of money worries hanging over you day in day out is very stressful. Thats why Bad Credit loans could be your answer.
08 August 2015
Which Way To Pay
When it comes to keep being refused by banks and lenders for a solution to clear your debt once and for all . Bad Credit Loans are there to help.
When spending on your reward credit card , many different benefits whilst using this.
14 May 2015
Which Way To Pay
Make sure you get all the rewards you are entitled to with your Rewards Credit Cards.