5 essential things to check your travel insurance covers

While it may be tempting to find the cheapest possible travel insurance and buy it without a second thought, it’s often a better idea to check exactly what you’re signing up for. Don’t make the mistake of assuming that all travel insurance offers the same amount of cover; many cheaper insurance policies are unlikely to provide exactly what you’re after, so be sure to read the small print.

With that in mind, here are five areas where you want to be absolutely sure you’re covered:

Scheduled airline failure
This is the technical phrase used in travel insurance circles for when an airline goes out of business – if you get caught up in that scenario while abroad, as so many famously have over the past couple of years, you’ll want the peace of mind that your insurance policy will cover your new flights home.

Many cheaper travel insurance policies do not include such cover so make sure you check before signing up.

Cancellation cover
If your holiday is cancelled for any reason then you’ll want to ensure that you get the full cost of your trip paid back. This is especially a concern if you are embarking on a major family holiday as these can be incredibly costly.

Certain travel insurance providers only offer low compensation levels for cancelled holidays in order to keep their prices down. This is another reason why cheap doesn’t necessarily equal good, so make sure you’re covered for trip cancellation.

Lost passport or money
The importance of keeping your passport and travel money safe is obvious but accidents happen so it’s hugely important to ensure that your travel insurance covers both important travel documents and holiday money.

Be sure to go through the small print of your chosen policy with a fine-tooth comb before committing.

Valuables
If you’re taking the likes of mp3 players, laptops, mobile phones or cameras away with you then be sure that you’re covered for the cost to replace everything.

All those little wonderful pieces of technology that we take for granted are worth a lot of money when you begin adding them up, so don’t take out a travel insurance policy unless it will cover the loss of all your personal possessions.

Sport
Some travel insurance policies do not cover specialist sporting activities such as skiing or more extreme watersports, so if you’re an adventurous sort who will be getting the adrenaline pumping while you’re away, ensure that your insurance covers the activities that you’ll be undertaking.

There are many types of travel insurance you can choose from depending on how much you travel each year, where you travel and what do you when you get there. For example, if you travel around the world throughout the year then worldwide travel insurance is a good choice and if you are studying then student travel insurance has better deals than normal travel insurance.

We hope you found these travel insurance tips helpful.

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