When going away on a holiday, regardless of where it is you are headed, you need to be insured against all possible misfortunes. After all, chances are that you will be hundreds, if not thousands of miles away from home; you will be able to rely on yourself, your friends and family… and your independent travel insurance. Naturally, choosing such an insurance isn’t exactly the easiest thing to do, so here is a brief guide to help you make that difficult decision.
To start things off, how can an independent travel insurance help you exactly? Well, it is very possible that when you go abroad someone will try to steal from you, or should worse come to worse, attack and injure you. Or you could simply end up losing money and some of your belongings and perhaps get into a car accident. Regardless, having an independent travel insurance will cover your losses and even your healthcare bills.
Does it Include a Cancellation Cover?
If anything happens to you on your holiday, such as you falling ill or getting into an accident, then you may end up having to cancel the rest of your vacation and go back home. A cancellation cover will make sure that you are reimbursed for what you spent in advance and cannot recover now. Make sure to check what scenarios are covered and which ones aren’t… and don’t forget to check the small print.
How Long is it Valid for?
Numerous companies make shifty policies which become invalidated when one event or another occurs, so you need to make sure that yours is valid for the entire duration, for eample monthly or annual travel insurance not to mention that it has to provide coverage should the need for medical care and repatriation arise. Make sure to read the small print; it contains information on what you are not covered for.
Checking the Restrictions
Practically every insurance policy out there is going to have various restrictions for you to abide by, in some cases limiting the coverage you are going to get. These restrictions are really specific to the company and plan you are choosing, so noting them will largely depend on you. Make sure you are covered for all the activities you plan on doing and events you plan on taking part in.
Take a Look at the Household Insurance Policy
Before buying your plan, you could save a bit of money if your home insurance covers your belongings, even while travelling abroad. While it doesn’t necessarily mean that you are going to obtain a discount or a premium, you should look into this aspect of coverage seeing as how the home coverage may end up being better after all.
Make sure that the plan you are going for has scheduled airline failure insurance, which means that if your flight fails and you do not get an alternative, you will be perfectly eligible to obtain a refund… and these days this scenario tends to happen more often than we would like. Also, make sure that you have your health insurance card alongside with you; while it may not be a substitute for independent travel insurance, it will offer some additional protection, especially if it’s recognized where you are headed.