Why do you need travel insurance?
From the consequence that you leave home, right up to the point you get back, you will remain preserved thanks to travel insurance. Depending on your cover, you may even be protected before the holiday. And with a number of airlines going bust in recent years as a final result of the recession, travel insurance will assure you are covered in the case of your airline going bust.
Besides the conventional reasons of accidents, mishaps, illnesses etc, you will need travel insurance in case your conventional form of insurance does not work. In fact, although your medical and health insurance company may claim that you are covered in every way, you should read the fine print carefully. If you are stranded in a country in a bad circumstance, the last thing you need is to fork out additional costs for medical intervention.
Not only will you be covered for injuries, diseases, or illnesses whilst on holiday, travel insurance will protect your property against stealing or damage in case you are travelling with luggage that is important or expensive. And with the average Brit taking over £1,000 worth of goods when going abroad, travel insurance is vital.
If you are travelling on the purpose of business, travel insurance can protect you from the loss you may incur as a result of transport that is late. For instance the losses you incur for not being able to make it to a venue in time owing to airplanes that are late. Even in cases of accidents, travel insurance can pay for the various costs incurred, such as hospitalization, transport or alternate accommodation.
Think about global terrorism and attacks that may take place, at venues which seem unlikely. Though there is plenty of security today, there is always the risk of fearful weather and natural catasthrope specific to a location.
The additional covers that you may need
For additional prices, you can avail of cover for few more positions, namely:
- pre existing medical conditions
- unconventional sports that have risks involved such as skiing or paragliding
- Travel to high risk countries such as terrorist nations or nations prone to natural calamities.
Travel insurance is your boarding pass to safety that will keep you and your family safe. So whether you are going out on vacation or on business, make sure that you have a effective travel insurance policy.