Why Choose Travel Insurance?

According to recent reports, £7 million worth of luggage was lost in British airports in 2009. €5.3 million is spent each week on medical emergencies for UK travelers. It can cost up to £5,000 to cancel or curtail your trip.

Do not become a statistic.

Buy travel insurance. The small upfront fee could save you hundreds, if not thousands, of pounds, and it will certainly buy you greater peace of mind, making your stay more enjoyable. If you make multiple trips a year, annual travel insurance or multi trip travel insurance is the more convenient and often more affordable way to go.

As you are shopping for travel insurance, make sure that your insurance policy covers the following points:
Medical and health coverage for illness or injury – A simple heart attack while traveling could mean a lifetime of debt without insurance. You might also consider personal accident payments for permanent disability or death.

24 hour emergency aid – Emergencies abroad can be costly: an air ambulance from the US could cost up to £45,000. Medical emergencies oversees can be financially devastating without insurance.

Personal liability to cover possible lawsuits for injury or property damage – Accidents happen, and in our increasingly litigious culture, they can be costly. Make sure you are personally covered.

Lost or stolen possessions – Since you get to determine the limit in your policy, be sure to estimate the value of your goods accurately and realistically. If possible, list these items in advance and keep a copy at home for reference.

Changes to your travel plans – Make sure your policy will refund the full cost of your trip, especially if you need to cancel, and cover the extra costs you incur to get home if you need to cut your trip short.

Your annual travel insurance company may also offer cover for flight accidents, personal accident, legal expenses, and financial protection. Take these options into consideration as you evaluate your situation.

Check for common policy exclusions, such as alcohol or drug-related incidents, terrorism, and neglect; knowing the exclusions in advance can help you make wiser decisions later. If you might need to cancel or curtail your trip, look carefully to see if you are covered for accidents, illnesses, bad weather, possible pregnancies, jury service or court summons, and home emergency such as fire, flood or burglary.

Shop around for the best price on the right product, knowing that the cheaper policies often offer less cover, which may make initial savings irrelevant in a crisis. Be sure to consider multi trip travel insurance if you travel frequently – they will save you time and money!

In your research, look for a travel company that holds an Air Travel Organizer’s License (ATOL) or is a member of an association which offers financial protection. The more reputable the organization, the more likely they will quickly and conveniently cover your needs as they arise. Ultimately, whether you are travelling for business or for pleasure, travel insurance will ensure that you travel with peace of mind.

Single Trip and Annual Travel Insurance – Comparative Analysis Report

When you are still starting to get into the process of planning your only holiday vacation, or your holiday vacations, applying for travel insurance such as a single trip insurance policy is something that you must always keep in consideration. This is because you would never know what will happen with your belongings, the event that you’re about to attend, the unexpected closing of the resort for your winter sports, or even to you and your family. Preparing for unexpected setbacks is why you should get an insurance policy. In line with the purpose of preparing for the unexpected, another thing that you have to consider is that whether travel insurance policy you are applying for is best suited for your needs. In getting a travel coverage policy, there are generally two types of policies that you may apply for: a single trip and an annual travel insurance. Sometimes, it is better for you to buy an annual travel coverage policy than to get single trip insurance. Yet, sometimes, the opposite happens. Now, the question is that what would be the better policy? And another question is when and how?

In comparing the two, the first thing that we have to look at is the coverage of the policy against its price. In a single trip insurance policy, the following items are covered: curtailment, emergency medical repatriation, personal accidents. In terms of a delayed travel, the abandonment of a trip within 24 hours is not covered; only missed departures are included in the travel coverage. There is also a limitation in the personal possession. Such items that covered under the personal possession category include single articles and other valuables, while the delayed baggage and spectacles and sunglasses are not included. Yet, the price range for this kind of insurance policy is still not bad if and only if you are going for a trip only once or twice a year for about 31 days. Although the time covered by the insurance policy could be extended up to 45 days.

On the other hand, an annual travel insurance policy is basically great for those who travel for more than once, or at least more than twice every year. For most of the time the cost of an annual travel insurance policy would be twice or thrice when compared to the price of single trip insurance. But before you think that it’s too expensive, you may first want to take a look on the coverage of this kind of insurance policy. The time covered by annual travel insurance per trip would range for even up to 120 days and down to 60 days or 31 days for ages 66 to 71, and 71 to 74 respectively. All items are being covered by this insurance policy, from personal possessions, to health, and even the winter sports are insured. You may even afford to go for comprehensive travel insurance, which is almost the same as an annual travel insurance policy but has a duration of up to 15 months and trips outside the Europe would even be covered. Remember, though, that if you’re sure that you’re going to travel only once in a long period of time, it’s better to purchase single trip travel insurance.

What Kind of Travel Insurance Do You Need?

Is a simple single trip travel insurance policy the best option for your travels? It seems to be an easy question to answer correctly, but many people tend to get it wrong.

The truth is, many people decide too late into their travel preparations on whether or not to get cover: something that leads to rushed, uninformed decision-making that in turn results in either paying too much, redundant policies or, worse yet, the most common – insufficient coverage.

Ask yourself these few questions if you’re going to travel soon, and find out which policy is best for you!

Am I Already Insured? Does It Include Travel Eventualities?

If you already have health, life and accident cover, it pays to check inclusions, as well as the locations where your existing plan is applicable. While many plans exclude plane crashes and the like, some of the things that may happen during a trip may be covered by your current policy. What’s more, many global health plans such as BlueCross and the like ensure coverage for medical assistance and treatment in case of accidents and sickness in many countries all over the world – so having those inclusions in a single trip travel insurance policy may be redundant.

Still, just because you are already insured for sickness and accidents shouldn’t mean you shouldn’t get any kind of policy at all. You will still need to get coverage for instances such as trip cancellation, lost luggage and other possibilities not included in your regular plans.

How Often Am I Travelling This Year?

If the answer is more than two times, then annual cover might be the better option, rather than single trip travel insurance. There are many options for annual cover that cost less than, say, three separate policies. Like many package costs, the price per trip goes down depending on how often it comes into play. Still, you should investigate specifics, such as where you are going and what (and where!) is included in the annual policy. And it is always a good idea to check travel advisories issued by embassies and professionals before making plans.

What Kind Of Trip Is It?

Business trips are often insured by the company, but may be limited to the areas and dates covered by the business trip. For instance, if you are travelling to another country to attend a convention you are covered for the entirety of the trip, from departure to arrival. Should you decide to extend your trip on your own to sightsee, however, many companies will not include those dates and places. Check very carefully in case you need to arrange for additional coverage with a single trip travel insurance policy.