With the travel fiasco still being felt across the UK, the issue of being stranded abroad comes to mind. And while we hope the UK events of the past week are a rare occurrence, we also know that trips can and do get disrupted. So, we are exploring the issue of travel insurance.
Travel insurance protects you from a range of risks when you travel. Travel insurance can be purchased to cover a single trip or a multi-travel policy can be purchased which covers any travel you undertake, typically within a year.
What type of cover does travel insurance normally provide?
Travel insurance provides cover for a range of areas reflected in the main sections of a travel policy. Policies typically have the following six sections – medical expenses, personal liability, personal accident, cancellation and curtailment, delayed and missed departures, and money and belongings.
Travel insurance usually provides cover for the following:
- Cancellation or curtailment of your trip due to certain reasons beyond your control;
- Delayed or missed departure;
- Emergency medical treatment abroad and/or repatriation expenses, if you fall ill or become injured while abroad;
- Loss, damage or delayed arrival of your personal possessions;
- Loss or theft of money;
- Replacing a lost passport;
- Legal expenses and personal liability cover in the event of you injuring a third party or damaging their property as a result of an accident;
- A fixed payment if you suffer permanent disability or death.
Watch the excess / restrictions
Each section of the policy may be subject to specified limits, excesses and exclusions. Therefore, it is important when choosing travel insurance not only to compare the cost of cover being offered but also the level of cover being offered.