How much travel insurance do you need?
If you’re going away and you’re not too sure how much travel insurance you need, we’ve written this blog to help get your head around it.
There are so many options for travel insurance out there, that you might find yourself wondering what a good policy looks like. How much do you need? What should you be covered for? What options are there?
The truth is, it depends. But we’re going to shed a little light on travel insurance below.
What does it depend on?
In short, you. You and the details of your holiday are important to what travel insurance you need, and therefore how much cover you should get.
Who you are, who you’re going with, any medical conditions anyone on the trip lives with, what you’re taking with you, and what matters to you are all things you need to think about. Your age, health, and what inspires confidence in you will have a big effect on what cover you need.
Then there’s your holiday. Where you’re going, when, why, how long for, what you’ll be getting up to, what kind of holiday such as package holidays or a cruise, and how you’re travelling are the kinds of things that matter on a travel insurance policy.
So, what you’re looking for, first of all, is whether the travel insurance policy ticks all of the boxes you need it to. Once you’ve decided it does, then you can see how much cover you need.
How much cover do you need?
Cover limits will depend on the travel insurance provider, and many tiers to their cover. That might not help you much, but there are some rules of thumb to follow for the basic and most important things.
Medical expenses: £1 million (Europe), £2 million (worldwide).
Repatriation: should be included.
Cancellation/cutting your trip short: should cover the cost per person of your holiday and excursions.
Missed departure: at least £500.
Delay: at least £200.
Baggage: consider the cost of your luggage, clothing and any gadgets that you might need covering.
Personal liability: at least £2 million.
Personal money: at least £200.
Loss of passport: at least £200.
Legal costs and expenses: at least £25,000.
What about pre-existing medical conditions?
Pre-existing medical conditions that you live with often won’t be covered automatically on travel insurance policies. You’ll need to declare them to your insurer to make sure you have the cover you need.
It’s really important that you declare everything that you need to. If you don’t you might invalidate your policy and face some hefty medical bills.
- If you’re going away and wondering if you need to declare your medical conditions, take a read of this blog and we’ll tell you why it’s so important.
Where can I find the right travel insurance policy for me?
And, if you live with pre-existing health conditions, we can work with you for a tailored policy that covers what you live with.
Take out a UK travel insurance policy with Avanti today to give you peace of mind, knowing we have your back when you next go away in your home country.
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