What Is Travel Insurance? – Everything You Need To Know!

What Is Travel Insurance? – Everything You Need To Know!
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Most people will know what travel insurance is, but if you don’t… It’s basically a set of policies you pay for before going on a trip that will have you covered if anything happens aboard. The main travel insurance companies cover things like lost or stolen luggage, medical emergencies, trip cancellations, delays, lost items or any damaged belongings. Find a policy that suits you and your trip and if you have never used travel insurance before, here is our guide…

Does travel insurance cover any age?

Sometimes if you’re older, it can be hard to find travel insurance that covers any medical conditions you have and exactly what you’d like when travelling. However, there are some companies that offer holiday insurance for over 50 year olds who are going on a trip. If you are over 80, it might be more difficult to find a policy online and you will need to shop around and do some research.

What are the benefits of taking out travel insurance?

There are many benefits of taking out a travel insurance policy and the main ones include cover for emergencies abroad, this is particularly useful if you’re going on an adventure holiday or you are planning to be active. Usually nothing bad will happen, but it’s best to have insurance incase, if you don’t, you could end up paying thousands for medical treatments abroad in the case of an accident. Another popular policy is to make sure you have stolen or lost luggage, especially if you are travelling outside of Europe and getting a few different flights. This can also be beneficial if you are travelling to a rough area with a high crime rate.

How much should I be paying for my travel insurance policy and when should I buy it?

This will depend on how long your policy covers, some choose to buy travel insurance policies that will cover them for a whole year if they travel regularly, whereas others just take out the insurance for one trip at a time. This will come down to preference, so it’s completely up to you when deciding on the period of time it should cover. Just make sure you take the insurance out before your trip, so you’re covered from day 1 abroad, some accidents or lost luggage, for example, happens before your trip even properly starts.

When it comes to paying for your insurance policy, you will need to pay on the spot and this can be done online or sometimes over the phone. It is normal to pay about 4-10% of the price of your trip on travel insurance, and it’s worth it if you have everything you need covered. If you have a set budget for travel, you will usually be able to find insurance that is affordable and it’s always essential to have the insurance. If you end up involved in an accident abroad, it could potentially cost you thousands if you need any treatment or hospital care. 

Now that you know the ins and outs of travel insurance, you should spend some time thinking about exactly what you need included in your policy and your budget for the insurance. Once you know this, it will be easier to research and find a policy appropriate for you online. Good luck on your hunt to find the best travel insurance for you!


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Anna Daniels

Anna is an avid blogger with an educational background in medicine and mental health. She is a generalist with many other interests including nutrition, women's health, astronomy and photography. In her free time from work and writing, Anna enjoys nature walks, reading, and listening to jazz and classical music.

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