Unlocking the Right Travel Insurance: Travel insurance is an essential part of preparing for a trip abroad or even a domestic trip.
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The best travel debit or credit card or visiting one of the cheapest countries are not as important as travel insurance.
Every year, millions of holidaymakers head off without taking out holiday insurance, increasing their chances of a nightmare holiday as well as putting their finances at risk.
How do you choose the right travel insurance if you need medical treatment or if you lose your luggage?
We use price comparison sites to pick a travel insurance policy.
Price comparison sites let you compare quotes from different insurers and find out which policies are the cheapest.
The cheapest policy might not cover your needs. For example, it might have a small single-item limit.
Examine the terms of each quote once you’ve gotten a few to see which is right for you.
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Find the right policy term for you
There are different types of travel insurance. Some cover a single trip, others cover a year.
Consider buying annual coverage if you plan to travel abroad more than once in the next 12 months.
Your policy can be more expensive if you have an underlying condition.
Compared to someone without health problems, those with high blood pressure or diabetes have a greater risk of needing hospital treatment, and therefore making a claim on their policy.
For this reason, it can be tempting to omit information about your condition when getting a quote.
The insurer may invalidate your policy if it discovers you were not honest with them when you filed a claim, leaving you to cover the costs of your treatment entirely on your own.
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Is there anything else you need to cover?
Skiing, for example, is not covered as standard by travel insurance policies, so you’ll need to pay extra to include it.
When heading to the slopes, make sure your travel insurance policy covers those activities or you may end up footing the bill if things go wrong.
Go.Compare found that almost 30% of holidaymakers leave their travel insurance policy until the last minute, after booking their holiday.
Nonetheless, travel insurance doesn’t just cover you if something goes wrong on the trip, but also before you leave.
If something bad happens, like one of the holidaymakers getting sick, you should get your money back.
Go.Compare’s Rhys Jones says last-minute policies might not cover cancellations.
If you do have to claim under your travel insurance policy, you want to be confident that the process will be straightforward.
Thus, it makes sense to research an insurer’s claims record and how reliable they are when it comes to paying claims.
Even though most insurers have good payout records, others have room for improvement. It may be worth paying a little extra for a more reliable insurer.
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