More and more travellers from the British Isles are attracted by travel insurance that claims to be free according to the article “Beware of free travel insurance!” People who are seduced into believing offers from credit cards etc of free insurance should watch out because the likelihood is that they will not be covered when they think they are.
A survey produced recently by Sainsbury Finance revealed twenty five per cent of travellers from the UK are not interested in buying travel insurance. All those offers of free insurance are welcomed with open arms by these people so all is well and good until something goes wrong. People taking this ‘free’ insurance will discover soon enough that their cover is in fact very restricted and that they would still be required to pay out of their own pocket for expenses – just as they would with no insurance.
To cite an example, there is travel accident insurance previously provided by a number of credit cards when you make a purchase using their card. This insurance cover is limited however because you can only claim when you have an accident whilst using some form of transport. When you get to your holiday resort and something goes wrong there, you have no cover by this particular policy. Other limitations of these policies tend to include trip cancellation, certain sports are not covered and emergency medical coverage is less than adequate. Always reading the small print, especially when in doubt could save you the trauma of a nasty shock in addition to the situation you have non-existent assistance for. The insurance professionals insist such free cover never lives up to expectations and is always limited in terms of the situations it will cover.
Bearing in mind that medical costs on holiday could run into the thousands isn’t it sensible to get covered with a full and effective insurance policy, if not for peace of mind for the sake of a just a few pounds.
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Tags: free travel insurance, medical coverage, travel accident insurance, trip cancellation