Insurance - It's dull and to be honest it's one of those things that's hardly going to get you excited about your next holiday. But to answer the question in the title to this piece - YES YOU DO NEED TRAVEL INSURANCE!You should definitely consider taking out travel insurance whether you're travelling in this country or abroad. And if you're likely to be partaking in activities such as walking, climbing, sailing, skiing, cycling etc whilst on vacation get a good policy.
Many people deeply regret not taking out travel insurance. They often think that that will have sufficient cover via their credit card accident cover, home insurance, or private health cover.
However the real cost if things go wrong on holiday can be really frightening as an accident or emergency abroad can be extremely expensive. If you should need to be repatriated to the UK it could cost you thousands of pounds, unless you are adequately insured. The Foreign & Commonwealth Office (FCO) website gives the following costs as examples:
- £35,000-£45,000 - air ambulance from USA’s East coast
- £12,000-£16,000 - air ambulance from the Canary Islands
- £15,000-£20,000 - scheduled flight, stretcher and Doctor escort from Australia
(Figures supplied by FirstAssist Services Ltd.)
Remember: The British Embassy or High Commission will not pay for this.
What should my travel insurance policy cover?
- medical and health cover in case you suffer an injury or are taken ill abroad
- 24 hour emergency service and assistance
- personal liability cover in case of legal action for causing injury or damaging property
- lost and stolen possessions cover
- cancellation and curtailment (cutting short your trip) cover
- extra cover for activities that are commonly excluded from standard policies, such as jet skiing.
- The policy should cover the whole time that you’re away.
Your policy may also have:
- personal accident cover
- legal expenses cover
- financial protection if your airline goes bankrupt before or during your trip.
For information about Travel Insurance Policies why not take a look at the following Insurance Providers:
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