In this post I am going to tell you how to make the most out of your travel insurance. As I was once told, “if you can’t afford insurance, you can’t afford to travel”. I can’t stress enough how important travel insurance is, the amount of sad stories that I have heard about families loosing everything to try pay off hospital bills after a freak accident is crazy.
Even I have ended up in hospitals a few times. I remember my girl friends and I went to Bali for a week and I managed to rip off half of my big toe nail on day three and I had to go to hospital to get it surgically removed. Luckily, I had insurance that cover the whole thing otherwise seven hundred dollars later I would have been a very sad girl. Moral of the story is that is it better to be safe than sorry. You won’t be questioning those extra few hundred dollars after you read these sweet tips.
- Always pay extra to avoid having an excess, at the time of purchase it will only cost you an extra $25 instead of having to pay $100 on every claim. This will allow you to claim on every little thing.
- Shop around, some insurances are more expensive than others because they have larger compensation. Have a read through what you get, will you really need an unlimited cover or would 1 million dollars be enough?
- Book for longer than expected if you are unsure of your return date, extending is very expensive I learned the hard way.
- Read the terms and conditions to make sure you know under what circumstances you are covered.
- Make sure you get the right paperwork at the time of your incident (ie police reports/statements from the airlines or doctors). For example I know that you need the police report on the day of the accident. With airlines or doctors you need a letter from them for insurance purposes, just ask them and they will know what you are talking about.
- Know what benefits you get if your flight is delayed, bags are lost, cash is stollen, etc. Most insurances give you an allowance for accommodation, food, clothes etc. depending on the circumstance. A lot of people don’t realise this and don’t keep the receipts to claim later from insurance.
- Make sure to keep receipts for expensive items that are going on the trip, backpacks, cameras, phones, etc. because you will need that for insurance as proof of ownership.
- Always make a claim, trust me it all adds up. There is something bound to go wrong whether is it a petty theft, a delayed flight, or broken sunglasses.
- Try and claim anyway even if you don’t think its covered or that you have all the documents, there is a high chance it will still be approved. I remember on one of my European trips my suitcase got completely destroyed but I didn’t have proof of purchase documents, to my surprise they approved the claim and paid me out.
Thank you for reading. If you have enjoyed these travel insurance tips please share and check out my other travel tips.
PS. If you think I missed something please let me know I would love to hear from you.