What is Travel Insurance?
Travel insurance is a type of insurance that provides coverage for unexpected events that may occur while travelling abroad. Travel insurance policies typically cover the cost of medical treatment, emergency medical evacuation, trip cancellation or interruption, lost or stolen baggage and personal liability while travelling.
There are several types of travel insurance policies available, including single-trip travel cover, multi-trip travel cover, and annual travel cover policies.
- Single-trip travel insurance policies are handy as they provide cover for one specific trip, such as a holiday or a business trip.
- Multi-trip travel insurance policies provide coverage for multiple trips taken within a specific period, typically 12 months. Policies can be tailored for a maximum of 30, 45, 60 or even 90 days for any one trip.
- Annual travel insurance policies provide coverage for multiple trips taken throughout the year, which can be of specific use if you are travelling a lot for pleasure or work.
Choosing A Travel Insurance Policy
When choosing a travel insurance policy, it’s so important to consider the level of coverage required and the cost of the policy. It’s also vital to read the terms and conditions carefully and make sure you fully understand any exclusions or limitations.
Additional coverage options are also available, such as winter sports cover, which provides coverage for skiing, snowboarding and other winter sports, and adventure sports cover, which provides coverage for activities such as scuba diving, bungee jumping and paragliding.
Travel insurance can provide peace of mind and financial protection for travellers, helping to mitigate the costs of unexpected events and providing reassurance that you are covered in the event of a medical emergency or other incidents while overseas. It is especially important for travellers going abroad, as medical treatment and other expenses can be much higher in other countries.
It is vital to read the Medical Declaration on your policy and to ensure you have declared any pre-existing conditions you may have to your insurer. KGJ can find cover for people with a wide range of pre-existing medical conditions – but failure to fully declare all conditions could mean that you are not covered in the event of a claim.
Customers who have serious pre-existing medical conditions can view a directory of alternative specialist travel insurance providers on the Money and Pensions Service (MaPS) website or call MaPS directly on 0800 138 7777.
Why Choose KGJ for Travel Insurance?
As with many sub-categories of insurance, ‘travel insurance’ is quite a broad term and it is, therefore, imperative that anybody taking out a travel insurance policy knows exactly what it is they’re covered for. Being caught out overseas without suitable travel cover can be financially devastating and potentially dangerous for the involved parties, so taking out a travel insurance policy is not something that should be left to the last minute or entrusted to the first cheap deal you find – further investigation can provide significant peace of mind.
That’s where KGJ can help. We have over 50 years of experience in providing a multitude of insurance policies to our clients. When it comes to travel insurance, we will discuss with you the plans for your trip or trips, and then build a bespoke travel insurance policy around you. Taking out any form of unadvised insurance can lead to trouble with exceptions, get-out clauses and “gotchas” that make it easy for the insurance company to refuse a claim. KGJ provides an advised travel insurance brokerage service that offers robust, tailored coverage and financial peace of mind. If you need to make a claim, we’ll be with you every step of the way.
Get in touch with us today to discuss your travel insurance needs and policy expectations.