Even those who work in the insurance industry – but perhaps not just with travel insurance – can get questions about travel protection. It may, therefore, be worthwhile to refresh the memory. So, reviewing your travel protection can be especially relevant if you are considering traveling abroad during the holidays.
What is Travel Insurance?
Having the right insurance is a security that allows you to feel calm on your journey. The insurance contains elements that cover costs for assistance if you must be hospitalized, buy medication, or have an accident abroad. Other travel insurance parts can be easily included as a supplement. You may have the opportunity to receive compensation for delays, lost luggage, and the like. Travel insurance is also available as a supplement to your home insurance and is valid for up to 45 days. We go through the necessary steps on this page and present all credible information that may be useful to you.
Basic Protection
The primary cover in the most common travel insurance covers medical expenses in an acute illness or accident. In addition, assault protection, legal protection, liability protection (if you become liable for damages), home transport, and specific protection for your luggage and flight delays are included.
A supplement to the travel insurance usually covers cancellation protection, reimbursement of travel days during hospital stays, and possibly a new trip if more than half the trip is ruined due to a hospital stay. In addition, it may be worthwhile to find out if a supplement, for example, for a golf trip, covers the cost of renting other golf equipment if your golf equipment should disappear on the trip.
It is worth adding that there are other possibilities to receive compensation, such as cancellation protection. Many today book their trips with Visa or MasterCard. These card issuers often have a cancellation policy that applies up to a certain amount just by using the cards.
Extended Travel Insurance
We have previously mentioned this and want to clarify it again; it includes travel insurance via your home insurance. However, there may be several reasons why separate and extended travel insurance is required. Therefore, we will clarify which different scenarios are common and which need a little extra protection.
Travel Insurance after 45 Days
If you are out on a more extended trip for longer than 45 days, it can be good to double-check what protection you have. Usually, your regular insurance ends after 45 days (even sometimes 60 days).
Risky Activities
If you plan to carry out risky activities on your trip, there may be several reasons to take out separate travel insurance. Examples of risky activities can be rock climbing, dangerous countries, or off-piste.
Cheap Travel Insurance
Being away on the road can be scary, cumbersome, and sometimes even dangerous. Choosing cheap travel insurance risks getting poor protection that will not help you in any situation abroad. And maybe even worse, you risk being left without compensation for things that are lost.
On the other hand, we understand the importance of getting travel insurance at the right price, which can be very smart. It’s all about finding an alternative that reflects your needs and possibilities. You do not have to pay for the protection you will not use anyway. If you want to get away as cheaply as possible, we recommend you compare all options and request a price.
Various Parts that are included in a Travel Insurance
Multiple things are included if your travel insurance is taken out via a credit card, as a supplement, or in your regular insurance. Below, you will find each aspect for which you can get compensation more accurately if it is included in your travel insurance.
Property Protection
If you damage your personal property, you can receive compensation for this. This step can also cover damage, such as getting rid of your luggage.
Cancellation Protection
If you become acutely ill before you travel, you can receive compensation from your insurance company for the part of the costs that the travel company does not reimburse you for. You usually need to show a medical certificate to get your money back.
Reduced Deductible
If you take out travel insurance on the side of your regular home insurance, they often have extended protection that often includes less or no deductible. You usually do not have to pay a penny yourself with this supplement, no matter what happens.
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