Insurances

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Types of Travel-Related Insurance

It is unlikely that you'll need every insurance product on the market, but how do you know whether your hard-earned cash is going on the policies you need the most ? This article will help you figure it out !

Travel Insurance

What does Travel Insurance Cover ?

Travel Insurances cover the following:

- Emergency medical expenses.

- Personal Liability, if you're sued for damaging property or causing injury.

- Lost or stolen bags.

- The costs of cancelling, delaying or cutting short your trip.

You won't normally be covered for a pre-existing medical condition.

Do you need it ?

Yes, it's a must if you want to be able to afford medical care when you're abroad.

- Most policies provide up to £1 million of medical cover and will fly you home for treatment.

- Adventure sports, winter sports and any 'dangerous activities' will need extra cover.

- Cover for possessions is often poor value for money.

Home Insurance

What does Home Insurance Cover ?

Home insurances cover the cost of repairing or rebuilding your home if it's damaged by storm, floods, fire, lightning, subsidience, etc. You won't be covered for general wear and tear. You're unlikely to be covered for properties left unoccupied for more than 60 continuous days.

Do you need it ?

Yes, it is a legal requirement if you own a home, plus mortgage leaders usually insist on you having buildings cover. Repairing a home can be very expensive so this investment could save you a fortune in well-needed times.