With hundreds of insurance agencies providing holiday insurance against any kind of emergency, from having your plane cancelled, your valuables stolen and your bags lost, to getting stuck in hospital in a country where medical costs are extremely expensive, with a little careful planning you can now keep yourself covered in the event of any kind of unexpected calamity.
Decent holiday insurance, also referred to as travel insurance, can cover your losses from missing luggage, lost passports and money, the cost of a plane ticket back to your country, cancelled or delayed flights, third party liability and most medical expenses.
Depending upon the coverage, holiday insurance falls into the following categories:
â?¢ Annual travel insurance: covers all the trips you make in a year.
â?¢ Single trip travel insurance: covers one trip only
â?¢ Family travel insurance: covers a trip along with your family
â?¢ Business travel insurance: covers your business trips
â?¢ Winter sports travel insurance: covers you for any accident while skiing or snowboarding.
â?¢ Adventure sports travel insurance: covers you for any adventurous endeavour like bungee jumping or white-water rafting.
â?¢ Travel insurance for the elderly: covers your trip when you are over sixty five.
â?¢ Travel insurance for people with pre-existing medical problems: covers your holiday medical expenses even when you have a pre-existing medical condition like asthma, for example.
â?¢ Backpackers travel insurance: this is your option when you are going for a long trip which takes you away for three to eighteen months.
You must make sure that you are sufficiently covered for your luggage and other valuables, though there is usually a limit on the individual worth of expensive items. Your holiday insurance should also cover personal accident insurance, including cover for death or severe accidents, and public liability insurance, which will protect you if you are sued while abroad â?? but check your policy wording carefully, as with many policies if you found to be responsible for the accident or injury in question, then your claim will not be legally valid and you may have to repay the insurer's expenses.
Author Liam Smithdate added 2009-08-25 14:58:41