Having travel insurance when taking a holiday or travelling overseas for a business trip is always a good idea, as it will cover expenses if the unexpected happens. Taking out travel insurance when going abroad for a holiday is highly recommended, as costs for medical care in other countries can often be astronomical. Travel insurance will cover for the replacement of items due to loss, theft or damage and for medical expenses following an injury or illness abroad. In more extreme cases, travel insurance will also cover for the costs of being repatriated to the UK under medical supervision, such as by air ambulance.

All policies differ and it is wise to ensure that the one purchased matches the exact needs of the individual or group travelling. Some travel insurance policies will not cover those taking part in extreme sports, so may not be suitable for those taking a skiing holiday, for example. Some policies may also have a medical expenses limit, so for those travelling to the USA, where medical costs can quickly add up, it is wise to ensure there is adequate cover before leaving home.

Travel insurance also offers peace of mind for the traveller regarding the actual travelling part of the holiday. Policies often cover for the cancellation of a holiday, either by the travel company or by the traveller themselves. This means that if plans change and the traveller is unable to go on holiday due to sickness or bereavement, for example, then there will likely be a refund of the monies already paid. Each company’s policies vary and some providers may have strict criteria on holiday cancellation cover.