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What is travel insurance?

The simple definition of travel insurance is that it is an insurance policy designed to cover you for any medical expensive, financial losses or other material losses that you may incur whilst travel (either at home or abroad).

Most people work hard and save for their much needed holiday and preparations might have started months ago: passport? Tick! Money? Tick! Sun tan lotion? Tick! Insurance? Think again.

According to one site, some Brits are more likely to take tea bags abroad than they are insurance. Although no one wants to think that anything detrimental could happen on their holiday and generally take the stance of ‘it won’t happen to me’, why risk it? When insurance can be purchased for a minimal fee, surely it is better to be safe than sorry, especially if you intend to take an adventurous holiday or a vacation where there is the potential to run into trouble. If you’re a little short on cash then you can always go online to find deals from companies that offer discount travel insurance.

If you have the misfortune of ending up in a hospital when you are on holiday and you don’t have insurance then you are building up debts with each day you are hospitalised, and it is essential that you pay off your medical costs before you leave the country. If you don’t have the money then you will most likely ask relatives. If they don’t have the money then you have to get it from somewhere else; this could mean taking out a bank loan or even re-mortgaging your house to pay off the debt on your return home.

Alternatively, if you have purchased travel insurance, then all of these payments will be taken care of by your insurance company. This is why travel insurance exists; to make sure you don’t have to pay a heavy price for something that may be out of your control. Travel insurance can be tailored to the individual and the holiday, and reputable insurers like Endsleigh will ensure that you get the right cover for you.

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