There is a lot to consider when going out and traveling but one of the most important is to have a good travel insurance, no matter what part of the world you plan to visit. With the right travel insurance, you can feel safe when going out and travel, at the same time you need to check what is included in your insurance. There are different types of travel insurance and you need to find out which one suits you and your needs best.
In some cases, you are not even aware that you are covered by a travel insurance, since a travel cover is usually included in the home insurance. In this article, we will go through all types of travel insurance and explain the pros and cons of the respective. This way you can find the travel insurance that suits you when you are going out and traveling.
Types of travel insurance
- Home insurance.
- Travel insurance through the bank card.
- Home insurance with a travel supplement.
- Separate travel insurance.
Home insurance travel cover
As we mentioned earlier, most often a travel insurance is included in your home insurance. This travel insurance usually covers damages during the first 45-60 days (depending on the insurance company) of your trip. Should you be on the move for longer than 45 days, you should either extend your home insurance travel cover or take out a separate travel insurance.
However, most people are satisfied with the protection that home insurance provides, as it does not cost anything extra for travel insurance. Should you just go away on a short trip charter trip or weekend trip can home insurance travel cover suffice well and well. But it is important to be aware that this is only a basic protection that does not cover major injuries or accidents. In addition, cancellation insurance is rarely included in the home insurance travel cover, but it must be taken out separately.
Travel insurance through the bank card
If you pay more, half of the cost of the trip with your bank card is usually the bank including a travel cover in your card fee. Exactly how much of the trip will have to be paid with the card may differ between different banks, but around 70% is common. Please check this with your bank before booking your trip so you do not risk buying a separate travel insurance unnecessarily. The good thing about travel insurance through the bank card compared to a regular home insurance is that it usually includes a cancellation insurance. You can then receive compensation if you are forced to cancel the trip due to illness, accident or death.
In addition, it may include good compensation when the trip has been delayed or if your luggage has disappeared. Even other things included in home insurance can get better conditions with the help of this travel insurance. As you see, there are many advantages, one drawback is that the one you travel with is not always protected by the travel insurance through your bank card.
Home insurance with travel supplement
With this travel supplement on your home insurance, you get an extended protection when you are traveling. The supplementary protection certificate usually includes cancellation insurance, deductible and replacement travel. This means that you get compensation or can reschedule your trip for free if you become bedridden due to illness or if something else should occur that will allow you not to travel as planned.
It varies between insurers what is included in their travel allowance but the benefits are usually very affordable. A travel supplement is covered by everyone living in the household and you can find one from about $35/year, which is not so dangerous given the extended protection you get.
Separate travel insurance
If you want to feel completely safe and not have to think about what is included and not included in your insurance, you should take out a separate travel insurance. Then you get everything that the other insurance covers and much more that gives you a strong protection. Here, however, you really need to read on what is included, as they usually divide separate travel insurance into different levels.
With different levels, you can customize your protection based on what needs you have and what the purpose of your trip is. This means that the price differences can be large but the average cost is usually around $12/travel day. Thus, a separate travel insurance will provide you with comprehensive protection and the best compensation. The disadvantage is the price as it is unfortunately not the cheapest option for the trip but sometimes it is after all security that plays the most role, not the price.
For sports trips
Keep in mind that the travel insurance you have from your home insurance or from your bank card in some cases does not cover injuries associated with extreme sports. Maybe you travel away to climb, ski or dive? Then there is a risk that you will be without compensation if something happens. If you plan to travel on a sports trip or similar, review your travel insurance before. Should it be that your insurance does not cover damage in special sports, you can always take out a separate travel insurance before your trip.