Travel insurance can protect you, and your loved ones, in the event of an accident or emergency abroad. As a result, it is one of the most important steps involved in the lead up to a holiday regardless of whether you are setting off on a weekend break or jetting off for the holiday of a lifetime. Continue reading to familiarise yourself with the benefits of organising travel insurance ahead of time.
It can save you money on overseas medical costs
There is nothing worse than falling ill on holiday and being forced to navigate the costs involved with a foreign healthcare system. Travel insurance can take the stress out of travelling abroad by covering the cost of any medical procedures as well as any dental emergencies that may occur during your holiday. With a number of countries requiring foreign nationals to pay for hospital treatment up-front, this can end up saving you a considerable amount of money, as well as time, in the long run.
It is affordable
Whilst travel insurance may cost up to 10% of the entire cost of your holiday, it is a worthwhile investment. You can’t put a price on your health. With cost the number one reason why a growing number of travellers are opting to travel uninsured, there are several affordable travel insurance packages out there to suit your lifestyle and budget. For example, Staysure have a range of travel insurance offers for travellers of all ages and interests. By weighing up the pros and cons of each provider, you can make an informed decision towards protecting the health and wellbeing of you and your loved ones abroad.
It can cover personal liability
Personal liability is coverage against damage caused by the insured party against a third party. For example, if you are responsible for a road traffic collision whilst driving on holiday, personal liability coverage can cover the cost of any damage inflicted on the other vehicle. Some travel insurance plans may also cover the cost of any legal expenses that may arise or, at the very least, offer this service as an additional extra. If you are planning to drive abroad, it may benefit you to organise personal liability coverage ahead of time to protect you, and your finances, from being hit with an unexpected bill or invoice down the line.
It can protect your personal possessions
If you are a frequent traveller, you have probably experienced the heartache of arriving at your destination without your personal possessions in tow. Most travel insurance plans cover the cost of damaged, lost, or stolen belongings up to a predetermined monetary value. This is usually then broken down into subcategories with each item in your suitcase falling under a specific classification. The level of protection varies from plan to plan. You must familiarise yourself with this information ahead of time to prevent any misunderstandings or unexpected payments down the line.
It can provide peace of mind in the event of a family emergency
Nothing ruins a holiday quicker than receiving bad news. Travel insurance can provide peace of mind by covering any unexpected travel expenses required in the event of a close relative or travelling companion requiring urgent medical care, long-term hospitalisation, or dying unexpectedly.
Travel insurance can provide a wide range of benefits for you as well as your loved ones. For example, travel insurance can save you money on overseas medical costs, is affordable, can cover personal liability, can protect your personal possessions, and can provide peace of mind in the event of a family emergency.