When travelling, most travellers often dismiss the idea of travel insurance. In fact, purchasing a policy is usually viewed as an unnecessary expense. Truth is it can save you a fortune if things tend to go wrong, from covering the cost of accidents to providing 24-hour emergency assistance.
Things to look for in travel insurance
While you absolutely do not want your exciting trip overseas to go awry, it is beneficial to realise that there are things beyond your control. In this type of situations, having comprehensive travel insurance extra options is an advantage, and here are some of them.
In most cases, each benefit under a travel insurance policy offers its own separate excess amount. Meaning, if you make two claims under two different benefits, you are obliged to pay excess for each one.
When talking about Excess Waiver, it means that you no longer have to pay an amount every time there is a claim against the travel insurance policy. Instead, you will pay an additional premium amount, as this basically constitutes additional cover under your chosen travel insurance policy.
If your holidays or travels usually involve a number of thrill-seeking activities, then go with a travel insurance that covers adventure activities. The activities covered here often include a lot of recreational sports, but it could vary from one company to another.
It includes, but not limited to, basketball, cycling, fishing, golfing, horse riding, kayaking, ice-skating, rowing, swimming, and tennis. For a recent trip to Nepal I included an extra option to cover me for trekking above a certain altitude.
Note that you must try to cover as many activities or sports as possible. If one or two have slipped or missed out, make sure to contact your insurer directly.
Repatriation to Australia/New Zealand/South Africa
Repatriation is definitely one of the most bought travel insurance options. It refers to the process of returning an individual home following a medical emergency or, at worse, death.
Sure, the cost involved here could be extremely high but for plausible reasons. For starters, you will not be coming home via standard air flights, as a special medical emergency aircraft will be used instead. In addition, you may find the need for certain medical support (e.g. doctor, nurses, special equipment, etc.) upon returning home.
Cover for Valuables
It holds true that are things in life that you just cannot live without. It could be a necklace that your significant other gave you or a tablet to keep your kids entertained. This travel insurance extra option provides protection against damage, loss, or theft of your valuables when you travel.
Just keep in mind that not every item you bring is covered. If you are going to bring a camera or a laptop, make sure that either of these items is covered.
Event cancellation is without a doubt one of the travel insurance extra options you will find really helpful. This can help you big time when things go wrong while traveling to and from your destination.
Event cancellation will cover you if there is a need to cancel a trip before you embark on a journey. Apparently, this will only cover things that are beyond your control, such as sudden illness or travel warnings related to the destination you will be going. Generally, it will cover you for the transportation price and accommodation costs.
Hopefully, you now have a good idea of some of the things you need to look for when choosing an insurance plan. Of course, since each trip differs, you must take your own circumstances into account. So, before buying, ensure that you exactly know the terms involved.