When you’re caught up in the excitement of planning your vacation, it’s easy to let the boring stuff slip by the wayside.
But now more than ever, you need to make sure that you’re looking out for yourself. And this means having a travel insurance policy that protects you from illness, injury, and any other unexpected challenges that come your way!
Whether you’re heading off on a two-week vacation or a weekend getaway, here’s everything you need to know about finding the best travel insurance cost for your trip.
What Should I Look for in My Travel Insurance Policy?
Most travel insurance plans cover medical emergencies, trip cancellation, medical evacuation, and lost or stolen luggage. Make sure these are included as standard in your plan.
Then you’ll want to consider if there any extra coverage you need for your trip or long weekend getaway. For example, if you’re likely to be off-roading during your vacation make sure this isn’t excluded from your plan. The same applies to adventure sports, avoid heading off on your winter ski vacay without checking your cover!
Finally. Make sure you are fully clued up on any excesses you could have to pay if you claim. You want your excess to be affordable, rather than it leaving a major dent in your pocket. Some companies offer very low premiums because their excess is way above the average- don’t be caught out!
What Factors Affect My Travel Insurance Cost?
The cost of your travel insurances is affected by a number of factors, including:
- Your age
- Pre-existing medical conditions
- Where you are going
- How long you are away
- The amount of coverage you choose
The price you pay ultimately is based on how much risk the insurance firm believes there to be. For example, as you get older, the risk of you having to cancel your trip increases, as does the likelihood of you falling ill. With the cost of an overnight stay in a hospital around $600, it’s still worth paying your premium even if it’s increased since you last bought insurance.
How Much Should I Save?
Experts reckon that you should set aside 4-10% of your total trip cost for travel insurance. It might seem like a lot, but imagine the financial loss if you were unable to take your trip due to unforeseen medical circumstances or if something happened whilst you were away. Would you be willing to take the risk?
The COVID-19 pandemic has brought this to the forefront of our attention. In such unusual times, we can’t predict the future as much as we’d like to, even if we’re presently fit to travel. Whether it’s a local lockdown coming into force or a member of your party becoming unwell that disrupts your plans, make sure finances aren’t another thing to worry about by choosing travel insurance with covid allowances.
Protect Yourself With Travel Insurance and Have Peace of Mind for Your Trip
Travel insurance might not be the most exciting thing to spend your money on but it’s essential if you want to make the most of your vacation. Particularly in our current climate.
If this post has helped you to answer questions like “how much does travel insurance cost,” why not check out the rest of our blog for more travel advice and tips.
