With the current sunny weather, you may not feel the pull of foreign shores just yet. However, many of us will probably have already started planning our summer break. In fact, it’s expected that around 15 million people will go abroad this year.
Most holidaymakers are well aware of the need for travel insurance. However, although it’s fairly straightforward purchasing cover, many people don’t fully understand what they’ve bought, or know exactly what policy is right for them and their trip.
To make choosing easier, the ABI has recently issued some new guidance. This will hopefully give consumers increased clarity on what is commonly covered under a standard travel insurance policy. It also highlights, more importantly, what is not normally included in the cover.
For those travellers with pre-existing medical conditions, or specialist insurance needs – buying cover can become a complicated business. The guide aims to be a handy reference point in helping people to pick the right level of insurance for them. Hopefully, it will mean that fewer people find they have insufficient cover should disaster strike on their trip.
Which? travel research shows that, in the last year, 10 per cent of people were disappointed to find that they couldn’t make a claim against the policy they had purchased.
In the ABI’s press release, Rob Tinline (Director of Consular Services at the Foreign & Commonwealth Office) states:
“Every year overseas Consular staff see cases where people don’t have adequate travel insurance and end up paying out thousands of pounds of their own money to cover their medical and other bills. Getting comprehensive insurance that covers everything you want to do on holiday is a vital part of planning your trip. We welcome the ABI initiative and hope it makes choosing a policy easier for British travellers going abroad.”
In general, here are three good rules of thumb when picking a policy :
1. Don’t assume that the cheapest is best. Compare features, excess amounts and cover levels for each individual policy. Cheap policies might not give you the best protection.
2. Always be honest with your insurer and disclose any pre-existing medical conditions.
3. Take due care while travelling away from home. Exercise caution, good safety and security measures as you would at home.