Travel Insurance - The Basics

It was estimated that last year that Britons made over 65 million trips abroad, with previous years showing these figures to be ever increasing.

Considering the number of things that can go wrong with a trip and all of the extra expenses that can crop up before, during and after a trip, it's vital to get adequate cover, thus easily avoiding many costly eventualities.

As with any insurance policy, there are strict limitations on what will and will not be covered, and its important to be aware of these to ensure you either have enough cover or are not overpaying.

As a guide the following is a list of some situations that are usually covered by the most standard of policies -

• Cancellation and/or delay of trip
• Medical Emergencies (not including self inflicted and mental or nervous disorders)
• Personal accident cover
• Legal costs associated with accidents or injury, and cover if you injure someone else
• Loss or theft of possessions

The following is a list of situations that you are likely to never get cover for -

• War
• Interruption due to business or other contractual agreements

Again, as with all insurance policies, the exact situation and extent of cover you will be provided with will vary considerably. For instance, although many policies do not cover war, they do take into consideration terrorist attacks.

An important factor with regards to travel insurance is the place(s) you choose to travel. For instance, many insurance companies will either charge considerably more or not cover trips to countries which are deemed "unsafe".

As the travel insurance market is currently very competitive, obtaining cheap travel insurance shouldn't prove too difficult.

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