Indeed, it is an unexpected turn of events that happened when the global pandemic started in the spring of 2020. New normal changed the way how people travel nowadays, with stricter rules to follow. But, how will you be able to secure yourself when traveling alone? What are the things you should keep in mind? In this article, we’ve gathered some of the tips that you should look for, for your travels.
Why do I need insurance?
There are tons of reasons why it is essential to have insurance when traveling. It is advisable to opt for travel insurance that can offset some problems you might encounter during your tour abroad. The insurance company is the one who is responsible for paying back what is lost/damaged. With its benefits, you’ll be able to travel stress-free and enjoy your dream vacation.
What is covered by travel insurance?
The primary role of this type of insurance is to reimburse all the payments you made before your flight; from your plane ticket, car rentals, to your hotel accommodations. Different companies have their specific when it comes to coverage of the insurance. Listed below are the ranges they will compensate.
- When your luggage is lost during a flight/someone stole your personal belongings
- A medical condition during the trip
- Your trip is canceled due to bad weather or life-threatening emergencies or other unforeseen circumstance
- You lost your passport on your trip
- If you got into an accident abroad
How much will they cover?
Each travel insurance is difference and the coverage depends on how minor or crucial the situation is. Let’s say you’ve booked an economy-class round-trip plane ticket to Paris that costs between £100-150. You find a great deal for a 4-star hotel, and get the cheapest available room that costs 100 Euros. Because of an unforeseen incident – like a pandemic, or an illness, you cannot go on your trip. With travel insurance, the entire amount will be refunded to you. It is important to read through the insurance policy thoroughly to see what exactly is covered by the insurance you buy. Each policy varies and includes different levels of coverage.
How much will it cost?
The price of buying insurance when you’re going on a trip starts at as little as £20 for a 2-week trip for the most basic coverage, or around £30 for the most comprehensive coverage. While a standard policy is sufficient for most trips, at this moment in time it is highly advisable to fork out a little more to get the best protection. Travel restrictions are in place in most parts of the world and can change quickly. To ensure you won’t lose all the money you spent for hotel and flights in case you cannot go on your trip, you might want to opt for a premium policy – which also offers better coverage should you get sick while you’re on your trip.
Not covered by insurance
If you’re planning to do any extreme sports or other risky activities, it’s important to read the policy carefully to find out what’s covered and what’s not. What’s usually not included in a standard policy are:
- Pre-existing medical conditions
- Extreme sports like skydiving, mountain climbing and scuba diving
- Alcohol intoxication abroad / using recreational drugs
When it comes to traveling, the price of travel insurance should always be part of your trip budget, whether you’re planning a domestic trip or traveling overseas. Theft, accidents and illness are things that can always happen, and replacing all your valuables or covering a visit to a hospital can easily cost you thousands of Pounds.