Traveling comes with a long list of things that we need to remember. One of the ones on the list that many of us often forget is travel insurance. Thankfully, the ultimate guide to booking travel insurance tells us all we need to know about the stuff.
What types of travel insurance exist?
There are several different types of travel insurance on the market. However, three of the most common are single trip, annual multi-trip, and backpacking travel insurance. A single trip is just that – it will cover you for one vacation, usually to a specific destination. Annual multi-trip costs a little more, but usually means you’re covered for a year and can travel to various destinations. Backpacking insurance is for those looking to travel to multiple destinations on one trip.
What is covered by travel insurance?
You’ll want to read the small print to ensure you know exactly what is – and what isn’t – covered in your travel insurance. Thankfully, most cover the same basic things. Your possessions are normally covered in case they get lost or stolen. Medical bills are also usually on the list in the unfortunate event that you need treatment while away. Vacation disruptions and legal costs are two more things on the list in case your vacation is canceled.
What can make travel insurance more expensive?
There are plenty of aspects that can make your travel insurance more or less expensive. Your age, destination, level of cover, and duration are some of the main things that will see the cost change. Another to consider is any pre-existing medical conditions. Still, you do have to declare them – even if it makes your travel insurance more expensive. Then there are the activities you need to cover. Extreme sports, such as skiing or snowboarding, can make insurance a little pricier.
When should you buy your travel insurance?
It’s best to buy travel insurance as soon as you’ve booked your vacation unless you already have annual multi-trip insurance that’s already valid. This means you’ll be covered if you fall ill or your vacation is canceled before you even get the chance to jet away. Buying travel insurance after something happens usually means it won’t be valid, and you won’t be entitled to any money.
Do you need travel insurance for a staycation?
It can be easy to think you don’t need travel insurance if you’re heading on a staycation, but that’s not always the case. Getting staycation insurance means that you’ll still be covered for all the usual things, such as your accommodation getting canceled, missing your transport, or if your items are lost or stolen. A few dollars spent on travel insurance could save you hundreds of dollars further down the line.
Although it can be easy to forget about travel insurance, it’s something that most of us should look at before we book our next vacation. Just be sure to read the fine print and ensure you’re covered for everything you plan to do while you’re away, and you should be good to go.
