How To Find The Best Travel Insurance Policies

Photograph taken by Alex Lange

Clarifies the purpose of travel insurance, gives examples of travel insurance policy points and introduces the company that I would buy my travel insurance from.

Contents

Why seek Travel Insurance?

Basic policy points of a Travel Insurance plan

Explaining My Recommendation

My Recommendation

Why seek Travel Insurance?

Travel Insurance is an insurance service suitable for a high-costing trip, whether a long business trip or an international vacation.  It is something to be bought after completing your booking plans, but before you actually travel.  Travel insurance acts as a safeguard against the risk of financial loss taking into account the money you have spent in order to complete your bookings – in case anything you have planned for goes wrong.  Things that can go wrong are transport delays causing missed flights, lost luggage and random cancellations – to name a few.

Purchased from the right place, travel insurance is fairly low in price, and this makes travelling without travel insurance a costly risk that often leaves travellers having to pay more than they planned to and more than they would have paid if they had had travel insurance.

Travel insurance policies vary with travel insurance providers, and the best travel insurance policies are those which suit the circumstances and the activities of those who are travelling.

A key decision in a purchase of travel insurance is whether you want the insurance to cover you for a single trip or for a series of trips.  This decision might be decided by how many times you intend to travel during the next 12 months.  If the answer is just a few times then insurance that covers a single trip might be your best option each time, but if you intend to travel more than a few times during upcoming months, it might be cheaper for you to purchase insurance to cover you for 12 months.

When it comes to covering destinations for travel insurance, insurance providers have different classifications for common language, so that an expression like “worldwide cover” which could mean travel insurance that covers travel to every country in the world, doesn’t actually mean that, and so that an expression like “European cover” which could mean coverage to all countries of Europe, also refers to other countries outside of Europe.  So be careful when buying your insurance, read and enquire to make sure that the policy concerning you covers the countries which interest you.

If you are travelling with others, like family members or a partner, there will be options to cover everyone under a single policy.  This may be a cost-efficient way, but if a member of your group requires special cover, for example because of their age or medical conditions, this may increase the policy’s cost.

It is advisable to take out a travel insurance plan immediately after booking your trip, to ensure that you are covered ahead of any arising changes before you depart.

Basic policy points of a Travel Insurance plan include:

Cancellation, Curtailment and Missed Departure Cover – here your travel insurance will compensate you if you need to cancel or cut short your trip for reasons like an illness or a bereavement.  Always confirm what is covered because claims can only be made within limited circumstances.  Seeking a policy for cancellation and curtailment which covers at least £3,000 means it is more likely to cover the entire cost of items purchased in association with your plans.  A missed departure cover will compensate you if you miss your flight/ferry due to an unexpected delay or a public transport failure, but note that your cover should also cover you for the cost of getting home in such circumstances.

Personal Belongings & Money – here your travel insurance will reimburse you for the loss or theft of baggage and/or belongings.

Emergency Medical Cover – here your travel insurance would cover you for the medical bills associated with an emergency that occurs during your travel so that you won’t have to pay bills that are probably many times the cost of your travel bookings.  This would be a very important part of your travel insurance since the medical bills for hospital treatment abroad could reach many hundreds of thousands of pounds.  Without travel insurance you would need to cover medical costs personally in a country like the USA – which would be very expensive.  You may need to inform your insurer of any pre-existing medical conditions affecting you or a family member, however minor or irrelevant it seems.  If you are unclear with your insurer they may refuse to pay out compensation when you need it.  You may also need to inform your insurer of any new health issue that arrives after taking out the policy but before you travel.  Check whether your policy covers you for treatment within a public or private hospital.

Personal Liability Cover – here your travel insurance would reimburse you for covered legal bills arising from your liabilities for causing injury to someone or for causing damage to property whilst abroad.

Financial Default Cover – here your insurance plan will reimburse you against companies you have booked with that close due to bankruptcy before you receive the service(s) that you paid for.

Terrorism Insurance Cover – here your travel insurance plan will cover you against non-refundable fees where a destination experiences a terror attack.

As extras to a regular travel insurance policy you can be covered for:

Winter Sports Cover – here your travel insurance would reimburse you for covered medical costs associated with injuries consequent of your partaking in sports such as skiing, ice hockey and other winter-themed activities.

COVID19 Virus Cover – here your travel insurance would reimburse you for covered costs associated with COVID19, whether medical costs or cancellation costs.  Check your policy to be sure of specific provisions.

Cruise Travel Cover – here your travel insurance would reimburse you for covered losses associated with travel arrangements about a cruise trip.

Personal Accident Cover – here your travel insurance would cover the costs associated with an accident that you are responsible for.

Travel Accident Cover – here your travel insurance would cover you as a life-insurance/accidental-death/dismemberment-protection against travel or flight accidents.  The cover would begin at the start of an insured trip or for the coverage period.  It is a policy point ideal for individuals who travel frequently, especially to regions of the world that are considered “risky”.

Medical Evacuation Cover – here your travel insurance would cover you against the costs of evacuations and repatriation.

The above are examples of policy points that you could request to create a travel insurance plan that suits your needs.  As explained, it would be best for you to discuss travel insurance plans with providers to ensure that you are covered as you intend to be.

Explaining My Recommendation

So now you might understand travel insurance to be a form of smart risk management for individuals travelling, and you may be interested in a good place to purchase this smart necessity from.  There is somewhere that I recommend that you buy from and the explanation for my recommendation is below:

The first reason that I recommend this source as being a good place for you to get your travel insurance from is because this company is a licenced agency and they have a proven competence for offering travel insurance plans.  As well as being licenced, this organisation has thousands of verified positive reviews from their previous customers, confirming that their system of business works and reassuring me that this organisation is also likely to satisfy you too.

The second reason why I recommend this source to you is because this company works with a variety of travel insurance providers, over five, all of which are very large companies that are classed as being top-rated providers.  This company monitors the reviews of its customers to ensure that a high quality of service is being provided, and they will remove a provider if their service falls belows their high standards.  By presenting offers from a variety of travel insurance providers this company also helps to ensure that providers price their offers competitively.

The third reason why I recommend this source to you is because this company guarantees to offer the lowest price for a plan of specific policy points.  That means that you could notice an insurance plan from anywhere and then you could come to this provider to get virtually the same, at a lower price, from excellent service providers.

The fourth reason why I recommend this source to you is because this company has considered presentation on their website which makes it easy for you to compare policies side by side (two at a time).  Another good thing about their offers is that their providers can be contacted for clarifications and for further customisation, so that you can be sure about what you are buying and so that you can ensure that your needs are met, and this is promising of the peace of mind you need whilst within travel mode.

The fifth reason why I recommend this source is because they offer travel insurance to individuals based in a variety of places.  For example, their primary customers are individuals based in the United States travelling from the US, but they also have a site where they offer travel insurance to individuals based outside of the United States and the service presented there is virtually the same.

My Recommendation

If you are satisfied with the reasons for my recommended source, then to actually find the best travel insurance policies for you, click here.

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