Travel Insurance Frequently Asked Questions
What is Travel Insurance?
Travel insurance is a policy that covers you on your travels and will reimburse you for a hospital treatment and loss to you in terms of aspects such as lost luggage. There are different types of travel insurance policies which in the main can be annual policies or single trip policies. There also different levels of cover available where different activities such as skiing are covered. There are also regional differences such as Worldwide or European cover.
Check for travel information prior to your trip on the Foreign Office website.
Do I need it?
We insure our cars and homes so why not ourselves when we go on our travels? Often many foreign countries do not have a free health service like the UK which means you could be landed with a large bill should you require treatment. Travel policy can also cover you for the more inconvenient incidents such as holiday cancellation, flight problems, lost luggage etc…This will give you some peace of mind and save you a considerable amount of money should anything unfortunate happen.
What do I need to know?
When you purchase Travel Insurance, your insurer will usually issue documents such as:
• The Policy Document - sets out in full the terms and conditions of your policy
• The Policy Handbook - contains more details about your insurance
Read and make sure you understand your insurance policy document. If there are insurance terms you are not sure of then check the explanations in the Insurance Glossary
How to choose the right policy for you?
You need to decide the number of holidays you will take in a year, what regions of the world and the type of activities you will undertake. Below outlines the different types of cover available:
Single Trip Policies usually cover:
• Single trips
• Trips up to around 60 days duration
• Suitable for holidays, short breaks and cruises
• Cover for medical emergencies, personal belongings, travel delay, personal liability, legal costs and more
Annual Multiple Policies usually cover:
• Multiple trips during a year period
• Covers trips up to around 90 days duration
• Good value for business travellers and those who take multiple holidays and breaks
• Cover for medical emergencies, personal belongings, travel delay, personal liability, legal costs and more
Make sure you have all the information you need before getting a quote using our Travel Insurance Checklist.
Where do you buy your insurance?
Don't buy insurance from travel agents without comparing costs with other travel insurance providers. Make sure you shop around and get at least five or six quotes to ensure you are getting competitive quotes. But don't just look at the price, check what is covered under the policy and check the policy details on hazardous activity, force majeure, war, medical issues, and personal liability.
asrecommended can reduce the amount of time and money you spend on comparing quotes by bringing you the UK's leading companies and providing you with all the online links, phone numbers and information you need to get the cheapest quotes.
To reduce your quote check out our Cost Reduction Tips
http://www.asrecommended.co.uk/insurance/travel/tips/?FaqID=52
http://www.asrecommended.co.uk/insurance/travel/tips/?FaqID=30
http://www.asrecommended.co.uk/insurance/travel/tips/?FaqID=55
The opinions expressed are those of the author only. The material is for general information only and does not constitute legal, financial or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation by an FSA authorised company where the market is FSA regulated.