Top 5 Travel Insurance Tips

travel insurance tips

Travellers have nowadays become more aware of the importance of travel insurance. Most holidays are likely to be incident-free, but it is still not worth risking your life and ruining your trip by not taking out travel insurance. According to the figures released this month by insurance company LV, around 16% of holidaymakers visited foreign countries without taking out insurance. Instead of leaving this important part of your trip until last minute, you should plan on taking out insurance in advance. Here are top 5 travel insurance tips that you will find useful:

Tip 1 – Make Sure Your Travel Insurance Policy Covers All Your Activities

It is important to check that your policy includes all the activities you will be taking part in while on holiday. This is easy if you have booked a package holiday as you can select the type of activities that you wish to take part in. Never assume that all the sports activities are automatically covered, and read the small print of your policy’s terms and conditions.

Tip 2 – Make Sure That Your Policy Includes Adequate Medical Cover, Legal Expenses, And Liability

If you or your family members get ill or break a leg while on holiday, you may end up in hospital. This could result in high medial fees, especially if you need to stay in the hospital overnight. Causing injury to other people would make you liable for legal costs. You may have to pay thousands of dollars if you need an air ambulance to bring you back home. The British consulate will not pay these fees, and if you are without insurance, your family would have to foot the bills. So when you are taking out travel and medical insurance, check that the policy covers air ambulance and all the relevant medical expenses.

Tip 3 – Shop Around for a Good Deal

It is worth taking the time to search the Internet for reputable insurance providers. Compare a few policies to see how they differ from each other and what they offer. Every policy can be very different and so can its premiums. By using online tools such as live chat, you can talk to some agents who will explain how each policy works and whether it suits your needs.

Tip 4 – Check Your Existing Home or Medical Insurance Policy To See Whether You Are Already Covered

Before you start comparing rates online, take a look at your current home insurance policy first. It is worth checking to see whether your home or medical insurance policy has already covered you or not. Even some credit card companies, building societies and banks offer free travel insurance to their existing customers.

Tip 5 – Read the Policy’s Fine Print 

As travel insurance policies can all vary, it is important to read the small print about the conditions of your eligibility for their insurance. It is not a good idea to choose the cheapest option as the policy may not pay out when you need it most.


    • Corinne @ One Income Life

      Corinne @ One Income Life 03/13/2014 2:50 p.m. #

      Hi Sicorra. Great post. I think #4 is a great one to remember, and can really save you money if you're already covered. Our last trip, I failed to check if our rental car could be covered with our auto insurance and ended up paying a lot more for insurance for our rental. Next time, I'm double checking with all our insurances first before making any insurance-related decisions.

      • Sicorra

        Sicorra 03/13/2014 4:28 p.m. #

        I know what you mean Corinne. The cost of insurance from the rental company is usually more than the rental itself, and quite often your own car insurance will cover you when you rent a vehicle. Definitely something to double check.

    • CarolB

      CarolB 03/15/2014 7:23 a.m. #

      Great tips Sicorra! I don't always buy trip insurance ... it depends on where I'm going and how much is invested in "non-refundable" fees. When I do buy it (which is whenever I leave the country) I shop around. It's amazing the price variations. I often capitalize on offers from club memberships. I've never bought directly from "the trip source" though. They always seem higher for the same policy. Recently I was quoting a Disney cruise ... their package trip insurance was almost double for what I could get from my own insurance company!

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