When you’re caught in an unfortunate situation overseas, the last thing you want to worry about is money and access to it. Hence, travel insurance has become essential to many travellers. It serves as their only protection against delayed (or worse, cancelled) flights, medical bills racked up in foreign countries and even the loss of vital travel documents (e.g. passports).
Additional costs might be the last thing you’re looking for when planning a holiday, but let’s be honest: unforeseen circumstances affect everyone. One delayed flight could spoil your entire holiday; cars break down, people fall ill. It’s wise to be economical, but let’s not be foolish to save a few dollars (yes, travel insurance does not have to be that expensive).
What A Good Travel Insurance Plan Should Cover
Ultimately, all travel insurance packages should cover a few basic, medical aspects: overseas medical care, emergency medical evacuation. Beyond medical emergencies, they should cover:
- Travel-related delays (lost/delayed baggage) and accidents
- Offer coverage in the increasingly common cases of insolvent (bust) travel agencies and airlines
- Renting a car overseas – ensure that your package covers mishaps related to your rental car, as many do not
Choosing a Travel Insurance Plan
With so many factors and companies to consider, getting a reliable travel insurance package can seem to be a daunting task.
ACE Travel Insurance and AIG Travel Guard provide comprehensive packages, which are flexible and suit all kinds of travellers – leisure honeymooners and extreme sports enthusiasts will be glad to know that both companies offer packages which feature both overseas and post-journey medical expenses, alongside emergency medical evacuation.
Ultimately, choose a package that suits you and more importantly, your destination. Some risks are more apparent in some parts of the world, while less prevalent in others. Being aware of all these factors will guarantee a true peace of mind when travelling.