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Travel Insurance : A SearchMeSilly Guide
You should consider:
The amount of medical cover required.
The total value of the possessions which need insuring.
Your own tolerance of the potential risks involved and how much money you are
prepared to spend if you were not covered.
Shop around and compare deals to find the best available and most suitable
policy.
Be aware of the benefits of each policy. As a result you may find that the
cheapest is not necessarily the best.
Make sure you check the excess.
Check that specialist or activity holidays are covered by the policy.
Policies which offer cover for parents and children can be a good saver for
families.
The appropriate package will usually balance coverage and cost.
The key areas of cover are medical expenses and personal liability, which offers
cover in the event of damage or injury to anyone or their property.
Policies should include cover which pay a lump sum in the event of injury or
death while abroad.
‘International helpline’ may prove a valuable part of a policy, especially
if English is not a prominent language.
You may find that travel agents will charge considerably more than other insurers,
for cover that may not be as comprehensive and they also receive sizeable commissions
when you sign up with them for cover.
You may not be able to book a holiday without insurance policy details, but
you can sign a form stating you’ll arrange your own insurance.
Find out from your car insurer how much protection your existing policy provides
if you are thinking about driving abroad, as a travel insurance policy will not cover
you.
Many gold card holders are provided with comprehensive travel insurance, where
as the protection may be to some degree limited on standard cards.
Your possessions are also insured outside your home if you have a household
policy arranged on an ‘all risks basis’
You will usually find that cover and policy goes hand-in-hand. The lower the
cover, the cheaper the policy.
Insurance policies and insurers may have different geographical limits.
It may well be necessary to sign a declaration confirming you are not aware
of any medical condition likely to result in you making a claim.
You can arrange a separate policy with a specialist insurer if your holiday
is likely to contain hazardous activities such as winter sports. It may also be possible
to pay an additional premium on your existing policy.
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