Vacationers Warned Not to Make These Five Most Common Travel Insurance Mistakes

With many people packing for the mid-term vacation or thinking about summer, it’s important to remember travel insurance.

Buying insurance can save you a lot of headaches if you have a medical emergency or if something is stolen during your trip. And many policies now offer cover for Covid-related medical expenses, although it’s always important to understand other terms and conditions which could cause problems when making a claim on your policy if you ignore them.

Brean Horne, personal finance expert at comparison site NerdWallet, shared five of the most common mistakes people make when choosing their travel insurance, reports Wales online.

Read more: Flight delays and cancellation rules: compensation and refunds that airlines must give you

Take out an annual policy for a long-haul trip

Those who take multiple trips a year will purchase an annual policy, but many will be unaware that these policies only provide coverage for up to 31 days per trip. If you are traveling abroad for more than 31 days, long-stay travel insurance provides coverage that protects a trip for up to 18 months and may be more suitable.

Those going on a backpacking trip can also take out specialized backpacking insurance for longer trips.

Do not report medical conditions

Pre-existing medical conditions can increase the cost of your travel insurance policy, but it is essential to declare them when applying. Failure to do so may invalidate your travel policy.

If that happens, you’ll have to cover the cost of any issues on the trip yourself, which can add up to five figures more when it comes to medical costs in particular. While it may seem tempting to leave out medical conditions to reduce the cost of your policy, you could end up with a much larger bill in the long run, along with other serious consequences.

Do not remove gadget cover add-ons

Some companies will automatically cover laptops, smartphones, cameras and similar items, although this is only up to a certain cost. It’s worth considering paying an extra premium for individual items, especially if they’re worth significantly more than the cost of insurance.

Violating policy boundaries

Insurance policies tend to specify limits on sports coverage, and the majority of travel policies cover diving, biking, kayaking, and other water sports. However, winter sports generally require an additional premium, with only some covering them automatically.

Another common mistake with travel insurance is thinking that your insurance will cover hiking at any altitude. It’s important to check the fine print, especially if you’re traveling in the Andes or Himalayas, as many standard travel insurance policies specify an altitude limit of 2,000 meters above sea level for the hiking – don’t worry, you are absolutely fine in Northumberland!

Getting the wrong contact details on the forms

An error in your details when booking a flight can lead to problems (usually a fee to correct them) and travel insurance is no different. Providing the correct details when getting your quote is essential.

Simple errors, even a typing error on your name, your date of birth or your dates of travel, could lead to the cancellation of your insurance coverage. Always verify your personal information before purchasing your policy!

Have you made any of these common travel insurance mistakes? Let us know!

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