New data from GoCompare has highlighted that almost a third of all UK holidaymakers wait until they day they jet off to pick up a travel insurance policy, but experts have warned that leaving it to the last minute can be incredibly risky.
While you can secure insurance up until the point you leave the house for your holiday, failing to do so in good time could mean that you miss out on vital coverage elements.
And there are a number of other mistakes that people make when taking out travel insurance. Thankfully though, the experts at Which? have highlighted six of the most common to help tourists avoid pitfalls when it comes to picking the perfect policy.
1) Don’t wait until the last minute –
Which? warn that leaving your policy purchase to the last minute could mean that you end up missing out on certain coverage elements. Cancellation cover, for example, is unlikely to be included if you’re securing a policy hours before you fly.
Meanwhile, GoCompare also warn that last-minute insurance could exclude cover for pre-existing conditions. Which? say: “Buying earlier not only means you have more cover, however. You also have the time to shop around for the best cover for the destination you’re travelling to and your circumstances.”
2) Never buy when you’re already abroad –
If you forget to take out cover before embarking on a holiday, most policies are likely to be void and will leave you unable to claim in the instance of an emergency. However, there are some limited options that can be explored if you’ve left it too late to secure a deal. GoCompare say that people can buy specialist post-departure insurance which provides the same level of cover as a standard travel insurance policy.
This is only available from select smaller companies though, so you’ll end up with less choice and may pay more than you would for a standard policy. You may also have to wait 24, 48 or 72 hours before coverage starts too in an anti-fraud measure to stop people taking out policies after a problem has already incurred.
3) Declare your conditions –
Which? say: “It can be tempting not to mention pre-existing medical conditions when buying a new travel insurance policy. That’s because they can push up the cost of premiums or mean you can’t make any claims that relate to the condition. In March 2023 we surveyed 2,458 policyholders with a medical condition or a history of one, and 36% reported problems buying cover.
“Expensive premiums were the most common complaint. But lying about your health issue could result in your travel policy being invalidated and means you have to cover the cost of any medical expenses needed on your trip yourself. In some cases, costs can quickly escalate to tens of thousands of pounds.”
4) Don’t exceed policy limits –
While many people will lay on golden beaches for a fortnight while on holiday, others may want to take part in exciting activities. But beware that not all sports are covered by standard travel insurance. While many policies will cover you for cycling, diving, kayaking and water sports, they may not allow you to claim for winter sports like skiing and snowboarding.
You’ll usually have to buy an add-on for this. Which? also warn that hiking may not be covered because long-distance walks in remote areas and reaching high altitudes increase the likelihood of needing urgent medical help or assistance – like an air ambulance.
5) Your trip could be too long –
Annual policies may make people assume that they are covered for any length of trip – but this is not the case for a number of insurers. Many will put a time limit on how long they will cover per trip – usually 31 days – so if you want to travel for more than a month you’ll have to take out a long stay policy.
Beware though that this type of policy will not cover multiple trips, just one long getaway.
6) Special cruise cover –
Many tourists won’t realise that you need specialist insurance when travelling on a cruise. These are designed to cover problems at sea or missed port departures. The policy is often mandatory, and a cruise operator may refuse boarding without it. Thankfully though, you can often buy an add-on to a normal policy for this, or take out a specialist policy altogether.
On getting the best policy for your needs, Which? say: “As always, the first step is to shop around for the best deal. Price comparison sites allow you to view multiple travel insurance quotes at a glance and also include policies for high-risk countries. The main ones for insurance are Compare the Market, Confused.com, GoCompare and MoneySuperMarket.
“Once you’ve found a deal that is right for you, check how Which? reviewed the provider and policy. Finally, check the policy wording carefully before you buy, as well as any general exclusions and conditions.”
View news Source: https://www.chroniclelive.co.uk/whats-on/travel-tourism/experts-warn-six-travel-insurance-29074798
