If you are thinking about going away this year, one of the most important things you will have to keep in mind is your holiday cover. Travel insurance is an essential purchase whenever you go abroad. If something were to happen to you or a family member while overseas, the costs can quickly mount up if you don't have the correct cover in place. Here are some of the main factors that you should consider when you are choosing suitable holiday cover. Pre-Existing Medical Conditions One of the most important considerations before you purchase travel insurance is whether you have any pre-existing medical conditions. The definition of this may be slightly different depending on the company you choose, but most providers will have their own definition of what they consider to be a pre-existing condition. If you do have a pre-existing condition, you will need to declare this to your insurer. If you don't, and you end up trying to make a medical claim, your claim may be rejected. If you are in any doubt, always ask your insurer before you purchase your holiday cover. Activities & Sports Many travellers wrongly assume that they are covered for activities and sports when they go on holiday. After all, if you go to the beach and everyone is enjoying the activities on offer, such as jet skiing, you may think there is no harm in getting involved. However, insurers often have restrictions on what you can and cannot do when you are abroad. For example, if you want to go skiing you will often have to pay for extra insurance to provide for the increased risk. Many insurers will provide a list of sports and activities that you are covered for on their standard insurance policy, so make sure you are aware of these. Single-Trip or Multi-Trip If you are going on just one break over the coming year, a single-trip insurance policy may be ideal. However, if you are planning to go on numerous trips abroad, you may want to look into a multi-trip policy as this could work out as cheaper. Excess You should always be aware of the excess when you make a claim on your travel insurance. This is the amount of money that you will have to pay for each claim. For example, you may have an excess of £50, which means that if you are making a claim for £300, you will have to pay the first £50. Some insurers may allow you to pay a lower premium in return for a higher excess, so this may be something to look into. Remember to purchase your holiday cover as soon as you have booked your trip. This will mean that if you have to cancel for any reason, or something goes wrong and you cannot travel, you will still be covered. It is also important to read through the terms of the insurance very carefully and to ask your insurance provider if you have any questions so that you can travel with complete peace of mind. Patrick Chong is the Managing Director of Insuremore. We provide low cost travel insurance and offer a range of policies for your holiday cover, including single-trip, multi-trip and family insurance. For all your insurance needs, Insuremore can help you in the quickest and most cost-efficient way.
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