Find out why getting travel insurance is important, what it can cover and how to choose what's best for you in this simple guide.
What is travel insurance?
Travel insurance is something you purchase before going on holiday, especially abroad, that covers the costs of a variety of things that may happen to you on your trip which you may need to pay for.
An emergency abroad can be very expensive and without insurance you could have to pay thousands of pounds for hospital treatment or travel costs - something you probably want to avoid!
Though you may think to contact the British embassy, high commission or consulate if you were in some sort of legal trouble, they cannot pay for the costs of many things travel insurance covers.
What do you need travel insurance for?
Different travel insurance packages can cover you for a variety of different things, including but not limited to:
- Emergency medical treatment
- Cancellation costs; including changing flights to an earlier or later time
- Lost and/or theft of baggage and personal belongings
- Legal costs
If travelling within the European Economic Areas you will also need an European Health Insurance Card (EHIC) as well as travel insurance. You can get one for free by applying online.
Finding the right policy for you
Most travel insurance policies also have many exclusions to what their packages cover, such as events related to excessive alcohol consumption and some policies even exclude terrorist acts.
It is important to shop around and even use comparison websites detailing what you need from your cover - for example if you know you're likely to need to change flights, or if you have underlying health issues that may need treatment abroad - so that you can find the right policy for you.
You should never buy a policy because it might seem the cheapest. Be wary that it may not cover all of your needs.
Check out the Money Advice Service as well as Citizens Advice for more information on Travel Insurance and finding the right deal.
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