How to Insure your Holiday

How to Insure your Holiday?

As with any type of travel insurance, you want to make sure that you have adequate holiday cover in case anything goes awry from accidents, to unexpected illnesses requiring medical attention whilst abroad to having a plane or ship you were booked to travel on hijacked.

There are so many things to think about and plan for that you really should carefully take the time to consider all the types of holiday insurance you might want to purchase.

If you find the right provider, you can get great holiday insurance at a reasonable price but first you need to know what to look for. This guide should help you learn a little about the types of holiday cover available.

Most Common Types of Holiday Insurance

When planning a holiday, the most common types of holiday cover would usually be those which provide medical benefits whilst outside the UK and those which cover repaying travel expenses or lost baggage. At a bare minimum, your holiday insurance should include:

  • Medical and Hospital Expenses
  • Trip Cancellation or Transport Failure
  • Delayed or Missed Departure
  • Lost Baggage and/or Personal Items
  • Lost or Stolen Personal Money
  • Lost or Stolen Documents and Passports
  • Catastrophe
How to Insure your Holiday

While most of the above are fairly self explanatory, catastrophe holiday insurance isn’t often thought of by most travellers.

Catastrophe cover simply means that if your hotel or lodgings are struck by a natural or manmade catastrophe which prevents you from staying where you were booked, you are covered up to the policy limitations which will help you get new (safer) lodgings.

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Uncommon but Important Holiday Insurance Cover

There are some aspects to going on a holiday that can be a danger to us or to others and sometimes we don’t stop to think about what would happen if we were to accidentally cause injury to someone else whilst in another country.

Personal liability is a great cover to have if you will be driving in another country or if you will be involved in any type of activity whatsoever which could cause injury to someone or damage to their property.

Also, ‘legal expenses’ is a good cover to have as well. What would happen if you had to sue a person or company because you were injured due to their negligence? Worse yet, what if your family had to sue for compensation for wrongful death if you were to die due to negligence of another party whilst on holiday? These are things we don’t often think about but are important types of cover to carry on holiday.

Two less common type of cover which should be considered are supplier insolvency and hijack insurance.

Believe it or not, some holiday travellers did collect after having been on a flight which was hijacked because they carried that particular cover. Supplier insolvency protects you from loss if any company you booked with goes bankrupt. You will be refunded up to your policy limits if you carry this particular cover. This would be in regards to such suppliers and services as car hire, trains, ferries and holiday accommodations such as hotels.

Going on holiday is supposed to be a time when you relax and have a good time but things do happen along the way which can threaten to ruin that trip you planned.

The best way to protect against potential loss is to carry the appropriate types of holiday cover.
You may not be able to prevent unexpected bad things from happening but at least you can guard against losing your hard earned money. To find the right amount of cover for your next holiday, take the time to consider what risks you might be likely to encounter and then find an insurance provider who carries reasonably priced holiday cover.

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