What your travel insurance should cover

Know the type of coverage you need when taking out travel insurance to ensure that you’re well-protected.

08:20 07 July 2013

One of the things that you need to make sure when buying travel insurance policy is that it must offer good value for money.

You wouldn’t want to get the cheapest one that doesn’t offer enough protection as this can result to huge financial losses if unfortunate events take place while you’re travelling.

Here’s what good travel insurance should cover:

• Medical coverage. This is the most important feature of any travel insurance policy. To ensure that you’re well-protected against financial losses, get a policy that provides a good amount of medical cover if you’re traveling in Europe, and more so if you’re travelling elsewhere.

 

• Insurance for lost valuables, money, and luggage. Perhaps get a policy that offers coverage of at least £1,500. Also, ensure that the policy covers baggage and valuables while they are in the care of an airline. 

 

• Cancellations and curtailment cover. A great travel insurance will refund you the money you’ve paid for (flights, accommodation, tour packages), if you have to cancel your trip because of health issues or bereavement.

Perhaps look for cancellation and curtailment cover of at least £3,000, depending on each personal situation this could be a good amount.