Reports indicate a staggering number of British holidaymakers have never taken out travel insurance and even more worryingly, didn’t think of doing so or were willing to take the chance. Failure to organise appropriate insurance could be a very costly decision. Is it a risk you’re prepared to take?
What is travel insurance?
If the unexpected happens on holiday, travel insurance cover could protect you from equally unexpected bills. Failure to take out insurance could result in substantial medical or repatriation costs if you fall ill or hurt yourself abroad, and you may risk a delay in treatment. You will also have to foot the bill for any lost or damaged items.
What does travel insurance cover?
A good travel insurance policy should include cover for a range of eventualities. For example, pre- booked accommodation and car hire, unexpected travel expenses, cancellation or curtailment of trips, repatriation or medical costs and lost or stolen property. You can also get cover for legal assistance, special medical needs and high-risk activities.
Why do you need travel insurance?
There are many reasons to take out travel insurance. According to the Association of British Travel Agents, 1 in 5 British holidaymakers have needed some kind of medical treatment while abroad. However as many as 10 million holidaymakers jet off without the right insurance or without any at all. That’s all well and good if all goes well but what if something goes wrong? It wasn’t raining when Noah first built the ark.
It’s advisable to take out insurance as soon as you have paid for your holiday. That way you may be covered for unforeseen expenses from the word go if you need to cancel your trip due to an event covered by your policy. You can never predict what will happen but you can be well prepared just in case.
It’s worth remembering that in the event of a medical emergency, the Foreign and Commonwealth Office is unlikely to pay for treatment or fly you home. Getting assistance when abroad is no mean feat and in such uncertain times, more stress and upset is the last thing you need. Make sure you’re covered before you go with a comprehensive policy.