How Many Excesses Does It Take To Make A Travel Insurance Policy

How Many Excesses Does It Take To Make A Travel Insurance Policy

No one likes to​ think that bad things will happen while you're on​ holiday,​ but it​ becomes a​ reality for lots of​ travelers every year.

The right travel insurance policy can reduce the​ impact that injuries,​ illnesses,​ delays and lost property have on​ your precious holiday time. Finding the​ right travel insurance policy,​ unfortunately,​ is​ not as​ easy as​ ticking off the​ box next to​ "Do you​ want travel insurance?" at​ the​ travel agent. in​ fact,​ that could be the​ most expensive cover with the​ least benefits. According to​ Direct Line insurance,​ buying your travel insurance through your travel agent could cost you​ up to​ five times as​ much as​ you'd pay if​ you​ take the​ time to​ research and buy your own travel insurance policy.

Doing that requires a​ little knowledge beforehand though. It's important to​ understand the​ types of​ medical situations that are typically covered by a​ holiday travel plan,​ and which tricks to​ watch out for that could leave you​ without the​ cover when you​ need it​ most. Here's a​ quick guide to​ what to​ watch for when you're comparing holiday travel insurance.

1. Watch the​ excess.

Excess is​ the​ amount that you​ must pay before your travel insurance kicks in​ and picks up the​ remainder of​ the​ cost. on​ the​ typical travel insurance policy,​ there's an​ excess of​ £50 which is​ often counted against each incident. a​ few count an​ overall excess - they might require that you​ pay the​ first £150 of​ all insurable expenses on​ the​ trip no matter how many incidents are involved. This can be a​ vital difference. If,​ for instance,​ you​ stumble and fall,​ breaking a​ leg - and your expensive digital camera,​ along with your eyeglasses - some insurers may count that as​ three separate incidents,​ and charge you​ an​ excess for each of​ them,​ although they all stemmed from the​ same incident.

Solution: Consider getting a​ policy with an​ overall excess.

2. Watch the​ cover.

Read through the​ policy carefully so that you​ can be sure that the​ most important items are covered. Many policies don't cover you​ for the​ most common losses and injuries while you're on​ holiday. For instance,​ nearly all policies exclude injuries that happen while engaging in​ "winter sports".

Solution: if​ you're going on​ a​ skiing holiday,​ go over the​ policy,​ and if​ necessary,​ take out specific "winter sports cover" because it's better to​ be safe than sorry.

3. Cover your baggage.

Your baggage should be insured for at​ least £1,​500,​ but keep in​ mind that many items you​ commonly carry may not be covered. It's typical for baggage insurance to​ exclude cover for sunglasses,​ mobile phones,​ cameras,​ watches,​ baby buggies and other expensive pieces of​ equipment. It's also typical for insurers to​ set an​ upper limit for how much they'll pay toward the​ loss of​ any one item. if​ your upper limit is​ £75 and you​ lose your £800 laptop,​ you'll be out of​ luck.

Solution: Look at​ getting separate cover for any expensive items that you​ plan to​ take with you.

4. Cover your pre-existing conditions.

If you​ have pre-existing medical conditions that flare up while you're abroad,​ you​ may find yourself responsible for all expenses related to​ them. Pre-existing conditions are also the​ most common reason for travel insurers to​ reject your policy. if​ you​ have a​ condition like angina or​ high blood pressure,​ a​ history of​ heart problems or​ diabetes,​ you​ might be wise to​ look into travel cover that takes those conditions into account and will cover you​ regardless. you​ may pay a​ bit extra for the​ premium and have a​ higher excess,​ but the​ peace of​ mind will be worth it.

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