Many people seek holiday cover insurance packages when travelling abroad, but what are these packages in the first place and why should they matter to you?
Defining Travel Insurance Packages
Travel insurance packages - more commonly known as holiday cover - are designed to protect you from a wide variety of problems you or your family may encounter while travelling. Some of the more common areas covered by these packages include medical aid, loss of baggage, theft of valuables, trip cancelation and even evacuation in cases of extreme emergency. We'll discuss these in greater detail below.
Evacuation During Emergencies
A serious illness or accident can be life-threatening if you do not have the means to seek appropriate medical attention ASAP. Military engagements or terrorist attacks can also be life-threatening if you find yourself stuck smack-dab in the middle of it all. These situations justify the need for aerial or naval evacuation contingencies and should definitely be worth considering if you plan to visit the more remote regions of the world.
Expanded Medical Insurance
The benefits of overseas medical insurance are obvious when your plan does not include international coverage. But what about the more comprehensive and all-encompassing insurance plans that provide international coverage? Holiday cover can still be of help if your deductibles are set quite high in your original package. The same can also be true if you seek to purchase primary coverage that will pay for your medical expenses until a predetermined limit is reached.