Would you go on holiday without your tickets or your passport? Of course not; so why do so many people head off on holiday without any travel insurance? Read on to find out why travel insurance cover is essential.
Travel insurance - the basics
The best way of obtaining the cover you need for your holiday is to have a chat with an insurance broker in your area. Your travel insurance should cover you for the following basics:
Non-standard travel insurance
If you're planning to go white water rafting, bungee jumping or skiing, you'll need special insurance to cover these types of activities. This will be more expensive than basic coverage, although it's worth the cost for the peace of mind.
Standard insurance policies often include business travel, although you may be better with a specialist policy that covers office equipment (laptops for example) or safety clothing, depending on the nature of your work.
It's very important that you read the small print on your insurance policy. Most firms will not cover you for natural disasters such as earthquakes or floods although many will cover civil unrest, terrorism or riots, particularly if your embassy warns about trouble in certain countries and you have to cancel your holiday as a result.
Most policies will cover you if your travel company or airline goes bust.
Never assume that 'it won't happen to me'. It's easy to get caught up in the excitement of going on holiday and overlook your insurance needs. Have a chat with an insurance broker in your area to make sure you're fully covered before you set off on holiday this year.Share
28 January 2016
As the old saying goes, "you have to spend money to make money", and in this blog, I am going to help you see how and when that platitude applies. Hi, my name is Penny, and I love to write. My second favourite thing is to think and strategise about money and finance. In this blog, I am going to explain finance in ways that I hope are new and interesting to you. I studied accounting at uni but verged away from that to start my own consulting firm. I work from home, and I am bringing you this blog from my home office. Thank you for reading!