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Travel Insurance is a must

Many families will be taking a holiday abroad this summer. If traveling to foreign lands, don’t forget to buy travel insurance. Without travel insurance, falling ill or getting injured overseas can be expensive. The cheapest policy may not offer best value for money, so check what the policy includes. Are you insured to go abroad?

 

 The numbers Travel Insurance

Taking an annual holiday is a big investment that should be protected financially. UK insurers paid around £152 million on covid-19 cancelled travel claims. In a typical pre-pandemic year insurance covered £141m cancellations and £197m emergency treatment.

Why buy travel insurance?

It protects against:

  • Cancelling or cutting short a trip for reasons beyond one’s control.
  • Missed transport or delayed departure for reasons beyond one’s control.
  • Medical and other emergencies.
  • Personal injury and death.
  • Lost, stolen or damaged items.
  • Accidental damage or injury caused by you.

Check before buying travel insurance

Think about.

  • Where the holiday is, as the United States means extra medical cover is required.
  • Your age, as costs increase for the over 65’s.
  • The number of trips, as it may be better to buy an annual travel policy rather than several single-trip policies.
  • Extra cover, if taking part in dangerous sports, such as skiing or scuba diving.
  • Package holidays usually offer you greater protection if things go wrong with transport or accommodation so you may not need to make a claim on your travel insurance.
  • Type of travel, as cruises or budget airline flights may not be covered.

Not covered

Remember that the following claims are often excluded.

  1. Accidents after drinking too much or taking recreational drugs.
  2. Medical treatment resulting from existing medical conditions.
  3. Rescheduled flights, where the airline has cancelled and then rescheduled the flight.

If you don't have a European Health Insurance Card (EHIC) or it has expired, you can apply for a UK Global Health Insurance Card (GHIC) on the NHS website. You can use a GHIC to get healthcare in EU countries at a reduced cost or sometimes for free. You should still get travel insurance before your trip, even if you have an EHIC or GHIC.

ChildMax pays your take home salary while you’re on 12 months’ unpaid leave, caring for a sick child. It starts from £49.50 or for easy budgeting an initial payment of £8.25 followed by 11 monthly payments of £3.75.

 Visit at www.insurewithmax.com  or call the UK call centre 0333 323 0098 for more information.

 Sources:

https://www.citizensadvice.org.uk/consumer/insurance/insurance/types-of-insurance/travel-insurance1/travel-insurance/

https://www.abi.org.uk/news/news-articles/2021/02/covid-19-estimated-claims/ 

https://www.statista.com/statistics/830117/travel-insurance-claims-paid-united-kingdom-by-type/

Date: 06 June 2022 by Max Robinson