What is a Travel insurance?
Travel insurance provides customers who are going on holiday with insurance for their trip and is one of the most important things they can pack when they go away.
The travel insurance policy can be tailored to the trip the customer is going on, and can be purchased in a variety of different ways.
Travel insurance comes in many different forms, which affect both the length of the policy, the countries it covers a customer in, and the activities they will be undertaking when they are away.
Winter sports travel insurance for example has been designed specifically for customers going on winter sports holidays.
It provides additional cover specific to a ski resort that you may not find with a standard insurance policy.
Customers can also take out either single trip travel insurance, which covers them for the dates of their trip, or annual travel insurance, which covers them for all of their trips in a year.
As a rule, a customer going on two or more holidays in a year will find annual travel insurance cheaper.
The travel insurance can also be worldwide, or just cover certain continents, with European cover being the cheapest, but ideal for customers who just travel around Europe.
Why Do I need Travel insurance?
Travel insurance provides customers with insurance for travel , and is one of the most important policies they will take out.
The most important way in which a travel insurance policy protects a customer is by providing them with health insurance.
In the UK we are used to getting free health care, but abroad we will have to pay, and the costs can be very high.
Expect to pay around £10,000 for an operation on a broken bone and up to £100,000 for a week in intensive care.
This is money many people do not have, and without travel insurance they can be detained in the country until they have paid off their debts.
Travel insurance also provides customers with cover against loss or theft of their belongings, and will provide compensation to customers who lose time on holiday as a result or severely delayed or cancelled flights.