know you are properly covered when you are travelling

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Know you are Properly Covered When you are travelling The three most common types of travel insurance are business travel insurance, single trip insurance, and multi trip insurance. If you are going on holiday it is most likely that you will be looking for single trip insurance, whereas the business traveller may find annual or multi-trip insurance policies more cost effective if they are likely to be travelling several times in a year.

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Page 1: Know you are Properly Covered When you are travelling

Know you are Properly Covered When you are

travelling

The three most common types of travel insurance are business travel insurance, single trip insurance, and multi trip insurance.

If you are going on holiday it is most likely that you will be looking for single trip insurance, whereas the business traveller may find annual or multi-trip insurance policies more cost effective if they are likely to be travelling several times in a year.

With all types of travel insurance it is important to know exactly what is covered and what might trigger a refusal of claim.

Page 2: Know you are Properly Covered When you are travelling

Most obviously, few if any insurers will cover travel to any of the countries listed by the Foreign Office as too dangerous to visit.

Also, there are likely to be restrictions and increased costs for anyone travelling who is aged over 65 because they are considered a higher risk for claims on medical cover, no matter how fit and active they might actually be.

How many consecutive days abroad is the cover for? Limits vary depending on the provider, and if you go over this limit, even if it's only by a day, you will invalidate your insurance.

Another point to check is when the policy actually starts. If insurance is to begin on the first day of their holiday, rather than the day the holiday is booked, there can be problems should the policyholder has to cancel the holiday in advance.

It is important to read the small print particularly when it comes to travel insurance for theft or loss of property.

The policy rules may insist that lost property should be reported to the local police, for example. This may also include a time limit, such as the reporting must be done within 24 or 48 hours of the theft or loss. If you don’t have the correct documents as proof that this has been done, the company may reject your claim.

Also check whether there are maximum value limits on cover for individual items, such as jewellery or laptops. Single item limits are typically around £300 but some policies allow you to pay a fee to increase this.

Regular travellers, or those planning a long haul holiday, or anyone going on two or more trips a year may save money on their travel insurance if they choose an annual travel insurance policy.

Page 3: Know you are Properly Covered When you are travelling

Cheap Business Insurance may wish to use the annual policy if they are likely to be travelling frequently but a specific business policy will also include cover for all types of work overseas, plus cover for office equipment such as laptops, missed any connections during outward or final return journeys and for any costs as a result of cancelled flights or if the airline goes bust.

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