Some people see travel insurance as an unnecessary holiday expense. It can seem unnecessary until you really need it.
But why do you need it? Here are just a couple of reasons why people tend to take out Travel Insurance cover before going on abroad:
1. To protect your holiday cost and your belongings.
2. To protect yourself against flight cancellation, curtailment or disruption.
3. To cover yourself against the high costs of medical expenses if you fall ill or injure yourself whilst aboard
We have taken a brief look at some of our claims in 2015 and 65% of the claims related to medical expenses*. By way of some examples, we had one particular claim in the USA relating to a fall, an injured wrist and repatriation back to Ireland which cost in excess of €70,000. In contrast, a claim for a similar injury occurring in Spain cost in excess of €28,000. Healthcare, particularly in the USA, can be costly and so it’s vital to take travel insurance cover with you.
Our claims in 2015, also highlighted that 28% of claims related to people experiencing issues with their holiday through cancellation, curtailment or disruption*. If you want cover in these circumstances, you should include the optional Travel Disruption cover to your Travel Insurance policy which includes extended cover for Flight Disruption, Delayed Departure, Missed Departure and Accommodation sections, should your travel flight be cancelled or delayed including as a result of Strike and other circumstances such as volcanic ash etc. Here’s some more detail on why you should add this cover:
• If your flight is cancelled or delayed for more than 12 hours it covers additional accommodation and travel costs up to €1,000.
• If your flight is cancelled or delayed for more than 12 hours then you can claim back up to €1,000 for irrecoverable unused Travel and Accommodation costs should you cancel.
• Claim back up to €1,000 for accommodation if you have to be moved from your current location or cut your trip short because of flood, earthquake, volcanic eruption etc.
• Covers cancellation or curtailment charges should the Foreign & Common wealth office or World Health Organisation advise against travel to the specific country are you due to travel to.
• Gives you control of the situation and the added security that you have sufficient cover should an airline cancel, delay or re direct your flight after take-off.
Please note there is a 7 day moratorium period which means that the Travel Disruption extension is not valid until 7 days after additional premium is paid. Furthermore, you cannot claim for anything existing or being publicly announced on the date you purchase the cover or book the trip. (e.g. Strike, Closure of Airports etc.)
For all your Travel Insurance needs, log onto Multitrip.com or call 0818 44 44 44 in Ireland or 0333 355 6181 if you are in the UK to book your policy.
*Source: Statistics taken from Multitrip.com 2015 claims data.