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The most important part of your holiday is... adequate travel insurance for your trip away. It is really important to get your travel insurance policy early and choose your policy based on the level of coverage to suit your needs.
Travel Insurance Guide...
There are many ways of preventing accidents and reducing the risk of something nasty happening to you whilst away. However, things do go wrong and the last thing anyone wants in a sticky situation is trouble with your insurance company.
Which Policy Is For You...
The amount and variation of policies in the holiday insurance world can be very confusing. How do you know if you are getting the right policy for you, and whether it is the cheapest policy you can buy for the same level of cover?
The first choice you need to make is whether your travel habits make it worth your while to get an annual multi-trip policy rather than a single trip policy. Annual multi-trip cover can often save you a lot of money, but only if you tend to travel more than 3 times per year. Single trip cover is ideal for you if you are planning on taking less than 3 trips per year and only want to cover a specific amount of days.
The next thing to think about is whether you need a specialist policy type. Travel insurance providers offer many different addons or 'specialist policies'. People often associate a specialist policy with a higher premium, however this is not always the case and is often the opposite. Providers who specialise in certain policies can often cut premiums because they can concentrate on specialising in one area.
If you are travelling on a business trip you will need specialist insurance, which can cover things such as business equipment cover, and the costs incurred to replace you with a colleague if you fall ill, enabling your business meetings to run smoothly should you be unable to attend them.
For those with Pre-existing medical condition you will need to declare it to your travel insurer before you book a policy. Many providers won't charge extra for a number of medical conditions, but for some conditions you will need to pay a slightly higher premium, which is more than worth it for your peace of mind.
What to look out for...
There are many things that you would expect to be covered under your travel insurance policy, unfortunately, travel insurance providers cannot cover for every eventuality. There are certain things which are more important than others.
As a general rule you should ensure that your policy covers for up to £2 million worth of medical expenses, and offers 24 hour emergency assistance.
The consequences of cancellation and curtailment of your trip can often incur high expenses, and should be covered, from the minute you purchase your insurance and not just from the start of your trip.
Personal baggage cover is important for a lot of people but can also sometimes be covered under your home insurance, or credit card insurance. This is worth checking before you buy travel insurance, as good savings can often be made by excluding this cover option.
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