Travel Insurance – Make sure you get what you need

When I book my own holidays or flights I tend not to buy insurance because I always get the impression that the insurance offered to me at the time will not be the best price. Am I right in this assumption or am I completely wrong? Here are a few tips to look out for when booking or even considering getting travel insurance.

  • Don’t buy your travel insurance from the company you book your flight or holiday with, at least until you can weigh up what else you have to offer. How do you find the cheapest and best for your needs? Easy really – look online for travel insurance and you’ll be presented with choices aplenty.
  • No one likes to waste money, so it’s a good idea to check your current insurance policies – your home contents insurance – to see if you’re covered when you go on vacation. Take a moment to check and you might be in luck.
  • When you’ve put together your short list of possibilities, go through each of them and make sure you also get adequate medical insurance. Also make sure it covers medical evacuation. You don’t want to cut back on this because otherwise you take a big risk.
  • What activities will you do during your holiday? For example, scuba diving is very rarely covered by a typical vacation insurance policy, so it’s best to take this as an add-on. Also golf clubs are often best taken as an add-on or with specialist insurance is fine.
  • Make it a point to read the fine print of the insurance policy. Common assumptions are often made to figure out when someone needs a reimbursement from their insurance, it doesn’t pan out. If you check the fine print first, you’ll already be aware of any exclusions.
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