Why get travel insurance?
While often overlooked, travel insurance is a critical part of trip planning. Although EU citizens can access free healthcare in EU countries with an EHIC or GHIC (for UK citizens) card, this will not cover other emergencies such as having to cut short your trip, flight delays, theft and more.
Step one
First, assess the type of coverage you need. Consider factors like the duration of your trip and the nature of your activities. The value of your luggage and equipment should also be considered – get some packing tips here. You must declare whether or not you have any medical conditions. If you do, besides minor ailments, you may wish to use a specialist insurance provider such as TravelTime. They specialise in insuring those with medical conditions and might consider conditions that other mainstream insurers would not.
Next step – Compare providers.
Compare different insurance policies to find the best fit for your needs. You can easily compare providers by using an aggregate company such as TravelSupermarket. Look for coverage that includes medical emergencies, trip cancellations, lost or damaged luggage, and any specific activities you plan to engage in. For example, diving or hiking. Also, read the fine print for each policy carefully to ensure no surprises if you need to make a claim.
Excess
You may want to consider the excess amount. This is the amount you need to cover for any claim you make. For example, if your luggage were stolen and was worth £500 and your excess was £100, you would only receive £400. You would need to cover the remaining £100 yourself.
What if I need to make a claim?
Understand the claim process before you depart. Knowing what documentation and proofs are required from your insurer to support a claim can save you a lot of hassle later. Keep copies of all relevant documents—both digital and physical—as you might need them to file a claim. Note the emergency and non-emergency calims phone numbers. You will normally be asked to provide receipts, proof of ownership or value of items, and notes from doctors or healthcare staff.
Single or multi-trip?
Consider the benefits of annual multi-trip insurance if you are a frequent traveller. It can be more economical and convenient, covering you for multiple trips within a year with just one policy. This is particularly useful for business travellers or anyone who plans to visit several destinations across the year. For those travelling only to Europe, an Annual European policy could be best.
A final note and some suggestions
Lastly, never underestimate the peace of mind that comes with having good travel insurance. It allows you to enjoy your travels more fully, knowing you are covered in case of unexpected events. With the right policy, you can explore the stunning landscapes and rich cultures of Madeira and the Canary Islands with confidence and security.
Some other companies you may want to consider (all are for UK residents only:)
Bettersafe – great reviews
Medical Travel Compared – great for comparing travel insurance if you have a medical condition
Medical Travel Insurance – another alternative for those with medical conditions
Travel Insurance 4 Medical – another alternative for those with medical conditions
Explorer Travel Insurance – great for backpackers; low premiums
Coverforyou – good for combining travel with other types of insurance
