Holiday Insurance - Do You Need It?
When traveling abroad it really is essential to have holiday insurance. One of the main reasons for this is that whether you use it or not, you have peace of mind while you are away.
Medical costs are constantly on the increase and taking this into consideration the money you spend on your holiday insurance has never been more important. Did you know that an accident or illness abroad could leave you with serious financial problems if you don't have holiday insurance? A person who suffers from a heart attack in Spain could end up paying more than £35,000 if they don't have holiday insurance. Likewise if you were to fracture your hip whilst traveling in the USA it could set you back a minimum of £23,000. You may think you are in good health but unexpected accidents can lurk around any corner and it really is better to be safe than sorry.
Holiday insurance does not just cover medical expenses. This type of insurance can also cover the loss of your luggage or other personal belongings, your passports and even your money. If your flight is cancelled or delayed you can also claim repatriation costs and we all know how frustrating it can be to have to wait around the airport for hours on end. Taking all this into consideration it really is easy to see why holiday insurance is highly recommended.
Holiday insurance does not have to cost a lot either and there are many online companies that offer relatively cheap quotes. You could end up paying as little as £25 per week spent abroad which really is cheap if you happen to break your leg. It is worth bearing in mind that most holiday insurance policies will also include an excess. This is a set amount that you will pay towards any claim that you submit. In some cases this can be voluntary amount which means the more you pay in excess the cheaper your premium will be.
Holiday insurance could be compared to car insurance. It's something that is necessary and something that you should always purchase if you plan to travel abroad. After all if you end up spending your holiday in a foreign hospital and having your holiday ruined you really won't want to be given a huge medical expenses bill will you?