INSURANCE DETAILS

Travel Insurance


One of the most common forms of insurance product is travel insurance.

Wherever there is travel involved, there is invariably risk, and infact a range of risks, and therefore an insurance product to mitigate against those risks is a necessity.

Whether those problems are to do with flight cancellations, flight delays, luggage being lost, or even getting ill or injured abroad, then travel insurance may help. And note the word may here - there are a large range of different travel insurance products and a great deal of different things that they might or might not cover. Therefore it is essential to be accurate about the type of travel you are doing, finding out what can be covered and what can't be covered, then deciding what level of cover you want and what extras you want to pay for to mitigate against the various possible risks. In short, travel insurance is a pretty complicated product!

If you are undertaking particular activites, such as extreme sports, then that clearly needs to be flagged up because costs will be a lot higher as there is a much greater chance of you having an injury when skiing or snowboarding as to, say, walking along the beach. And indeed pricing and policy details will reflect this.

Similarly, different countries have different rates - typically European travel will cost less on a policy than one that covers you for travel anywhere in the world, and particular countries can have greater cost attached to be insured against as clearly travel to some countries has more risk associated than others - and wherever risk is assessed to be greater, the cost or premium of the insurance is going to be greater too.

Clearly on a practical note, the longer you travel for the more chance there is that something can go wrong - you are more likely to get ill or suffer a mishap of some kind if you are travelling for six months than if you are travelling for six days. So it is critical of course that you ensure that you get cover for the full duration of your trip and don't make any silly mistakes - remember to include the day that you travel and the day that you come back from travel in your insurance policy - because if you aren't covered then, well, you aren't covered!

There are so many things travel insurance can cover they cannot all be listed, but think about things such as financial loss due to the trip being cancelled, delays on departure or coming back, loss or theft of property when abroad, the requirement for medical treatment, liability costs if you damage something when abroad and legal expenses therein - and as mentioned above any specialist considerations if you are doing something risky such as an extreme sport.

Related Articles...

Bicycle Insurance
Bicycle insurance, as with all insurance products, gives you a way to deal with the risk of having something happen to your bicycle - depending on the product you choose - and therefore having the...

Prize Indemnity Insurance
Prize indemnity insurance is a purchase that would be considered by someone offering a large prize and thus could stand to lose a considerable sum of money. This form of insurance would mean that...

Flood Insurance
Flood insurance is a specific product under the umbrella of insurance and it covers - as the name suggests - losses that occur due to flooding. In many cases, this form of protection (flood...

Agricultural Insurance
Agricultural insurance is a niche type of insurance product that is available for those who work in specific areas of agriculture. This type of product could offer piece of mind against various...

Contents Insurance
Contents insurance is a type of insurance product that covers the items that you have - the contents - of your home. There are a range of different providers of contents insurance out there on...

Saving Money on Car Insurance
Like with most types of insurance, the car insurance sector is extremely competitive. There are a lot of providers of this product, but also a lot of different factors that are taken into account to...

Saving on Home Insurance
Home insurance splits into the bricks and mortar insurance - buildings insurance - and the stuff that you put inside your house such as your valuables - the contents, hence that bit is called the...

Home Insurance
Home insurance is one of the most common types of insurance product, and anyone who has a home will be familiar with it. Home insurance is usually contrasted with contents insurance, which is a...

Reinsurance
The concept of 'reinsurance' is quite an interesting one. It comes down to the same sort of logic as 'who will guard the guards?' - in this case who will insure the insurers. The answer is, other...

Property Insurance
Property insurance is a product that applies specifically to property, and has various different types of specific that are subsets of the general umbrella term 'property insurance'. Specific...

 © © Insurance Details    |    Copyright and disclaimer    |    Insurance Details