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.
Protection From Sudden Cancellation
Coming down with a serious cold, dealing with a crisis at work or taking care of a loved one involved in an accident - all these and more can force you to cancel your trip at the last minute and forfeit your expensive tour package. Holiday cover plans, however, will protect you when you have a valid, unexpected reason preventing you from going on your trip as planned. This is especially useful when booking expensive tour or holiday packages that would otherwise have incurred a major loss.
Reimbursing Lost Baggage and Valuables
An insurance policy can reimburse your expenses when your personal belongings are lost, damaged or even simply delayed from the flight. Many airlines provide basic baggage coverage but it may be well worth your money to extend that cover if you are bringing valuables with you. Airlines typically set a low insurance limit for lost baggage, but some insurance packages provide coverage for items of significantly greater value.
Fatal airplane crashes may be dramatic and frightening, but they are exceedingly rare. Some people would nonetheless like to protect their loved ones should they find themselves on these ill-fated flights, which is why some packages offer an option to include flight insurance.
Auto Collision Insurance
Getting into a car accident can be a messy affair abroad, but many insurance packages have you covered. You will still be held liable if you are proven to be responsible for the crash, but at least you can breathe easier if some other reckless driver is responsible for the collision.
Keep these tips in mind and you'll understand how holiday cover can help protect you and the ones you love while on a trip.