If you follow our advice, you should have no trouble finding travel insurance of acceptable cost.
Traveling without insurance is not recommended.
After spending money on airfare and lodging, a lot of people decide against purchasing travel insurance. However, they really shouldn’t.
It’s terrible enough that you had to cancel a vacation that cost you thousands of pounds. If you get sick while travelling and need to be sent home, the cost of doing so may easily reach six figures or higher.
However, these expenses might all be covered by purchasing a travel insurance policy, which for the majority of people will cost less than one hundred pounds.
In this article, we will give our best advice on how to find affordable and comprehensive travel insurance.
What kinds of travel insurance should I purchase?
Travel insurance protects you in the event that you have to cut your vacation short or return home earlier than planned, assists you in obtaining necessary medical treatment while you are away from home, and pays the expense of replacing your luggage in the event that it is lost, stolen, or damaged.
Even while it would be tempting to look for the least expensive insurance policy possible, doing so might turn out to be a waste of money. Instead, you should search for the very minimal levels of coverage:
Medical expenses: £5 million
Cancellation protection of up to £2,000 or the total value of your vacation, whichever is greater
Belongings you take with you: the greater of 1,500 pounds or the value of the things you take with you.
Personal liability insurance of one million pounds
When it comes to travel insurance, our ratings for policies are based on how comprehensive their coverage is.
Both the greatest and the poorest are available here.
You should never take the chance of purchasing travel insurance without first reading the whole policy document. Instead, you should make sure that the policy includes all of the coverage that you require before making a purchase decision.
Covid-19, as well as insurance for vacations
Even though numerous insurance companies provide what is known as “Covid cover,” this does not necessarily mean that you are covered for any and all possibilities. For example, cancellation due to self-isolation or changing advice from the Foreign, Commonwealth, and Development Office are not necessarily covered (FCDO).
On a scale ranging from basic (the lowest) through low, superb, and comprehensive, we have ranked the policies (best).
Purchasing a policy rated either Superior or Complete is our recommendation.
You may discover a complete list of covid cover ratings on this page, or you can go to our reviews of individual insurers to read a more in-depth explanation of cover there.
Should I get a single policy or an annual one?
Also, think about whether you need a one-time travel policy or a policy that covers multiple trips each year.
If you are just going to be travelling once or twice in the coming year, it is more cost effective to purchase a policy that covers a single trip. However, if you are going to be travelling more than three times, purchasing an annual policy is your best option.
When is the best time to purchase travel insurance?
One of the most advantageous aspects of purchasing travel insurance is the fact that if you are forced to cancel your trip prior to departure for a valid cause, you may be eligible to receive a refund of some or all of the money you paid for it.
Keeping this in mind, it is imperative that you purchase your travel insurance as soon as you book your trip, unless you already have an annual policy. If you do not already have an annual policy, you can purchase one.
If you wait until the last minute to purchase insurance, you won’t get the most out of your cancellation protection, and you run the risk of having to pay out of pocket if you decide not to attend.
Should I get travel insurance through the airline, or should I buy it from the tour operator?
At the time you purchase your vacation, regardless of whether it is through a conventional travel agency or a low-cost airline, you will most likely be given the option to acquire travel insurance.
Coverage that is purchased as an add-on to your vacation is less likely to be customised to meet your requirements and may cost you more. Always look throughout the market as a whole to see if you can find better coverage at a lower price.
Have I previously obtained health insurance?
Before you make the decision to purchase travel insurance, you should first check to see if you currently have it. If you already have a packaged bank account, you should check to see if cover is included in the account because some packaged bank accounts provide travel insurance as a bonus perk.
If you already have travel insurance through your bank account, review the policy’s conditions thoroughly to ensure that it satisfies your requirements. Does it cover you if you travel to other parts of the world? If you have medical conditions, will it cover them? In the event that it does not, you should contact your bank to determine whether or not you may extend the duration of your policy, or you could hunt for a standalone insurance that better suits your requirements.
If I have a medical issue, would it affect my ability to receive insurance?
In the unfortunate event that you become unwell while travelling, you need to make sure that you have adequate coverage in the event that your flight is cancelled or that you exceed the allowed weight restrictions for your luggage.
Coverage for medical expenses is especially crucial for people who already have a variety of health problems. Your medical history will be inquired about by your insurer in order for them to appropriately calculate your premiums and provide you with coverage.
In the event that you become ill while travelling, you run the risk of being responsible for extremely high medical costs if you have any preexisting diseases that your insurer is unaware of.
Ask a broker for help
If you are still having trouble finding coverage, you could get in touch with the British Insurance Brokers Association (BIBA) to receive some guidance.
BIBA will put you in touch with an insurance broker in your area who can assist you in locating the type of coverage that meets your requirements.
Don’t forget your Ghic.
The European Health Insurance Card (EHIC) has been replaced by the Global Health Insurance Card (GHIC), which is a medical card that can be used anywhere within the EU and grants the holder the right to receive treatment in state hospitals at the same cost as local residents of the country they are visiting. Therefore, if they are granted free therapy, you will also be granted free treatment.
If you are going to be travelling in Europe, you should bring it with you at all times because certain insurance companies will reduce or even waive the deductible if you have a GIC.
However, you should never make the assumption that a GIC can replace travel insurance.
In addition to paying for medical costs, travel insurance will reimburse you in the event that you have to cut your vacation short or return home earlier than planned. It will also reimburse you in the event that your luggage is misplaced or stolen. In addition, if you have an Ehic, certain insurers will not make you pay an excess on a medical claim that you make.