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Does your travel insurance fit the bill?

Does your travel insurance fit the bill?

Category: Insurance
Author: Tim Leonard
Updated: 14/06/2018

Make sure your travel insurance fits the bill

It's a perfectly reasonable assumption, isn't it: "my travel insurance will cover me in the event that there's a natural disaster", or something along those lines.

The problem is just that though – it's an assumption! Too many assume they are buying travel insurance that will cover them against every eventuality, and too many make an even more dangerous assumption: "it won't happen to me!"

If you're heading to Florida, you may expect your policy to cover you for hurricanes and tornadoes. If you're heading to Thailand, you may think you're covered in the event of a flood. In a nutshell, if you're flying anywhere out of the UK, you may expect to be covered against any natural disaster that could occur in that region.

The unfortunate thing about insurance is that, the more likely an event is to occur, the more likely it is that it won't be covered – or at the very least, for it to be covered at an expensive rate.

So don't assume:

  • That you'll be covered. Check the small print for exclusions and limitations to your policy.
  • That it won't happen to you. Is that really a gamble you want to take?

The state of play

Quite simply, the state of play is this: some insurers cover natural disasters as standard, others exclude them, and some others offer cover at an additional cost.

Always read the small print!

The level of cover, not price, should always be your first consideration when it comes to taking out any insurance.

So before you purchase your travel insurance, be sure to read the policy document.

"Who has time to do that?"

Well the problem is that if you don't, you don't know what you're buying. If you don't know what you're buying, then you don't know if your policy fits the bill. Take five minutes to read your policy, or risk losing a whole load of time and money if it won't pay out.

Never be afraid to ask your insurer if something is covered. If it's not, ask if it can be!

And it doesn't stop there!

Having natural disaster cover on your policy isn't the only area that you need to be careful with when choosing your travel insurance policy. There are other things lurking in the small print that you should watch out for…

Hazardous sports

  • If you're planning to undertake any sort of hazardous activity on your holiday, you may not be covered by a standard travel insurance policy. Even winter sports such as skiing and snowboarding may require you to get a specialist policy, so check whether you're covered before jumping out of that plane or off that bridge!

Medical history

  • You might think your travel insurance will cover your medical costs if you need treatment whilst away. However, if you have a pre-existing condition, any claims resulting from this will likely be excluded from your cover.

Lay off the sauce!

  • Your travel insurer may not pay out on a claim if it is the result of you taking drugs or drinking excessively.

Terrorism/civil unrest

  • According to the Foreign & Commonwealth Office, only 60% of travel insurance policies cover you for a claim that's the result of terrorism (so be sure to check that this is covered). Also, if you are travelling to a place that the Foreign & Commonwealth Office advises against going to, you will probably invalidate your cover, so keep an eye on FCO for the latest travel advice.

If you need to buy travel insurance, check out our travel comparison service provided by Quotezone, where you can view policies side-by-side and buy online instantly.

Compare our Travel Insurance Deals

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.