As the British prepare for the summer, holiday makers are flaring up in large numbers to ensure a sunny escape. However, before rushing to secure a spot on your next flight, there are important steps you should not overlook to avoid unnecessary spending while enjoying your vacation. Unexpected setbacks like flight confusion, cancellations, and health issues can inadvertently inflate your vacation budget.
Fortunately, comprehensive travel insurance plans provide protection against these potential hiccups. The key is that coverage generally begins not only when you start your vacation, but from the moment you buy, so you can secure travel insurance early.
Therefore, if complications occur before departure, you may be well protected, whether it is related to your travel or health condition.
Reading small prints cannot be emphasized enough. All policies have exclusions that may affect your cover during your overseas adventures.
Guidance from the British Association of Insurance Companies (ABI) directs: “When shopping for travel insurance, make sure your insurance policy is right for your needs and don’t automatically choose the cheapest one.
“This is especially important if you have an existing medical condition.”
The Foreign Office is urging Brits to secure travel insurance as soon as their vacation is booked.
We also recommend that you provide policy details, including your policy number and emergency assistance phone number, while traveling abroad.
You should also share these details with friends and family in case you need to contact the insurance company on your behalf. Some travelers may opt for “Cancel for any reason” (CFAR) insurance. We believe this will offer a full refund if you need to cancel your trip.
However, these policies may be more expensive and are usually refunded only between 50% and 70% of the total travel cost. Also, you usually need to purchase it in advance before it can be enabled.
It is important to remember that there are no insurance contracts of all sizes. So it’s worth shopping to find the best one for your needs.
