Travel Insurance

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An overseas trip is an exciting time for many people. The tickets are booked and the bags are packed and we await the departure date with great anticipation. Some people travel so regularly that they can virtually do it with their eyes shut. One thing that is common to both the occasional as well as the seasoned traveller is that any trip can turn into a disaster fairly quickly if you are unlucky enough to have an accident or fall ill.

Travel Insurance is there to assist you if you land up in a predicament.

Some of the many benefits provided by a travel policy include:
  • Compensation for costs associated with cancellation of your trip prior to departure as a result of illness or injury or death of an immediate family member.
  • Emergency evacuation and medical expenses cover whilst you are abroad
  • Repatriation expenses
  • Expenses related to travel delay
  • Replacement of lost luggage and travel documents
  • Personal Public Liability cover – useful when you cross the street forgetting that the traffic is approaching from the left and not the right and that bus swerves to avoid you causing a major accident.
There are various forms of cover that can be taken. From the limited but free cover provided by some medical aid schemes or when you pay for your trip by credited card, to a fully comprehensive policy, there is a travel insurance solution to suit almost any budget or requirement.

Travel Insurance should be arranged as soon as you have paid money towards the trip. The cheapest airfares often have the most severe cancellation penalties (often as much as 100%) so you want the cancellation and curtailment benefit to kick in as soon as you are committed financially, even if this is months before departure.

Medical expenses in America and Europe can run into millions of dollars.

I am sure that many of our readers would welcome being evacuated out of Kibuye on the shores of Lake Kivu following serious injury than spend time in the local hospital. Karongi Hospital will probably treat your malaria very effectively and your travel insurance will pay for this but I am not sure I would want to be left lying there after being attacked by one of those Mountain Gorillas. (Reminds me of Leonardo DiCaprio in The Revenant – he clearly didn’t have travel insurance)

Evacuation comes at a huge cost and is covered by a travel policy when the need arises.

Speak to us about the various Travel Insurance solutions available through FPM.

Bon Voyage. Please make contact with our Short Term Underwriting team on 0117789300 if you need any further assistance. 

This article is a general information sheet and should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted. (E&OE)