Travelling is a perilous business and a lot can go wrong. From the moment you book your travel there are risks which are beyond your control. You could fall ill and find yourself unable to travel for medical reasons, your luggage could get lost or stolen or you could have an accident abroad requiring extensive medical treatment. All these things could cost you dearly which is why it is a good idea to transfer the risks to an insurer by taking out travel insurance.
Medical emergencies abroad are perhaps the biggest risk of all. The costs of hospitalisation or urgent medical treatment can mount up extremely fast and quickly run to thousands of pounds. If you have to cover those out of your own pocket your savings could take a very damaging hit which could throw your financial planning totally out of whack.
However careful you might be, accidents can happen anywhere at all, through no fault of your own and illness can strike at any time, as the recent coronavirus outbreak has highlighted. Whether your holiday plans involve an extreme sport thrill-fest or a week relaxing on the beach, there is always the possibility that something will go wrong. It is never worth taking a gamble and skipping on travel insurance, especially as it is inexpensive and simple to put in place.
There are a few non-negotiables to look out for when buying a travel insurance policy. You should make sure that all the eventualities below are included on your policy:
- Emergency medical cover
- Emergency medical evacuation
- Losses incurred due to unforeseen cancellation or curtailment
- Death and disability cover
- Personal liability cover
- Luggage cover
Additional policy options are also worth considering to give you increased peace of mind. These include cover for more dangerous sporting activities such as skiing and scuba diving, personal liability and accidents, or costs incurred if you are forced to extend your stay due to adverse weather. Other points to look out for when choosing travel insurance are limits on trip duration, excluded destinations, pre-existing conditions and claim limits.
Infinity is absolutely delighted to announce our new partnership with Expatriate Health which means that we can now meet all your travel insurance needs with policies designed specifically for expatriates, whatever their nationality and wherever in the world they want to travel. Whether you are looking for single trip cover or a more flexible annual policy for multiple trips over the course of a year, we can find the right travel insurance solution for your needs. Get your travel insurance HERE today!
A leading provider of expat financial services and wealth management services across Asia.
