5 ways travel insurance will come to your rescue this holiday season
As the year is coming to an end, many people will be heading off to faraway places to recharge and regroup for the new year ahead. When travelling, there’s always the infamous checklist, right? Plane tickets, passports, wallet, plane pillow, book, magazine, water…but what about travel insurance?
It’s an unfortunate truth that travel insurance seldom makes the travel to-do list and if it does, it tends to be very low on the priority list. Cornerstone Insurance Brokers understands that short-term insurance is about more than simply insuring cars and houses, it’s also about letting you enjoy those precious travel moments without having to worry about the “what ifs”.
Travel insurance is a no brainer when it comes to travelling, especially internationally. To illustrate this point better, we have put together some of the top ways in which travel insurance can come to your rescue while on holiday.
Cover for illness or injury
It’s safe to say that there are few things worse than getting injured or seriously ill while on holiday. The cost associated with medical treatment and hospitalisation in a foreign country can be exorbitant. If you have travel insurance, it will take care of these costs with most plans offering cover up to R100 million. This benefit usually also includes daily cash benefits while you are in hospital for you and your loved ones at home, in case they need financial assistance.
Missing or stolen luggage, cash and documents
Losing luggage can really mess up a trip, not to mention the hassle and danger that accompanies losing travel items like passports, visas or chronic medication. Even if you are lucky enough to find your missing belongings again, you will still have to buy new clothing, medicine and other personal items in the interim. These unforeseen costs could be devastating to your pocket and completely ruin your holiday.
Fortunately, travel insurance will take care of these costs. Most travel insurance packages will provide you with financial assistance in the event of luggage loss or luggage delays, giving you the freedom to continue to enjoy your holiday without stress and difficulty.
Every country has a different legal system and sometimes, by accident or due to lack of knowledge, tourists may find themselves in a legal pickle. If, for whatever reason, you need to solicit legal services while on holiday, a travel insurance policy will come in extra handy with most packages granting up to R5 million worth of personal indemnity cover to pay for any unforeseen legal expenses including wrongful detention.
Journey cancellation, delays and postponement
Weather conditions, mechanical failures and safety concerns are just some of the reasons your flight or train trip may be delayed. In some fortunate cases, delays can only be a few hours, but in other, more severe cases, you might be delayed for days or even indefinitely. This could lead to unexpected expenses for accommodation, extended visas and additional travel costs. Most travel insurance packages will pay out up to R50 000.00 to help you pay for extra nights and documentation in the event of a severe travel delay.
As uncomfortable as it is to talk about, it’s important to prepare for worst case scenarios and accidental death while on holiday is an unfortunate possibility. Over and above the loss to your family and loved ones, the costs of cross-country funeral services are astronomical. With a travel insurance policy in place, you can rest assured that if something happened to you while on holiday, these costs will be taken care of with funds for burial, cremation and repatriation of remains included in most travel insurance policies.
If you would like to find out more about travel insurance options, get in touch with Cornerstone Insurance Brokers today and let us help you find the best and most cost-effective package for your trip. For more interesting and useful content like this, please follow us on Facebook, Twitter and LinkedIn and remember to share this article with friends, family and colleagues.