Today on the FundMyTravel blog we will be learning a bit about the importance of Travel Insurance.
When you’re planning a holiday – whether you’re going for a short city break or a mammoth expedition around the world – you’ll have several things to organize and think about. Getting your travel and accommodation in place is obviously the first thing, followed by the exciting part: planning your itinerary. Then you’ll need to work out what to pack, how much currency to take and all those other little parts that make up your trip.
But there’s something really important that you really shouldn’t travel without: travel insurance. It may seem like an extra expense (and you may feel that you would rather spend the cost of the premium on other things like excursions or meals out) but the cost is small compared to the consequences of travelling without it.
Travel insurance will usually cover:
- The cost of replacing lost, stolen or damaged luggage
- Compensation for delayed flights
- The cost of your holiday if you have to cancel it or cut it short (e.g. if you were to lose your job, or fall ill while abroad, or have to return home to care for a family member)
- Private medical treatment abroad
- The cost of having to be taken to hospital by ambulance
- Personal liability cover – in case you were to injure someone else (even accidentally) while on holiday and were sued for damages
- Repatriation of your body (returning it Home) if the worst should happen
There are different types of travel insurance available, so take care to select the right policy for your particular circumstances.