Travel insurance: What type of coverage you need

If you’re going on a holiday, travel insurance is simply a must-have. Read on for points on health, cancellations and theft or loss of items

09:33 13 June 2013

Are you going to travel and explore the world? Then, you need to prepare certain things to ensure that you’re going to have a great time. Aside from your passport and other travel documents, the one thing that you can’t go without is travel insurance.

Making sure that your travel insurance has the right coverage is extremely important. Below are the things that you should look for when taking out this policy:

• Medical coverage. This is the most important type of coverage that you need when you’re traveling. Although you always hope for the best, accidents sometimes happen. These accidents can result to injuries and you may require medical attention while you’re out of the country. Should that happen, you would want to make sure that there’s an insurance company to handle all your medical expenses.

 

• Trip cancellation. Sometimes, unexpected events such as death in the family or serious injuries keep us from pushing through with our travel plans. As these scenarios are often unavoidable, you would want to get a comprehensive travel insurance that offers the right coverage. Most insurers will refund you the money that you’ve paid for your accommodation and airfare if your trip was cancelled for specific reasons.

 

• Theft or loss of personal belonging. Nothing can be more frustrating than to lose your valuables when you’re traveling. Thus, making sure that your insurance provides coverage for this is very important.