Need Travel Insurance? Here’s Everything You Need To Know If You’re Travelling Soon


Whether you’re constantly on-the-go and exploring different places each day, or having a relaxing vacation, anything can happen and it’s essential you’re covered with appropriate travel insurance.

The world of travel insurance can be confusing, especially for those who haven’t had it before. So, if you’re planning a new trip and want to guarantee the best rates for you, here’s a short guide to the key points you need to know.

What Actually Is Travel Insurance?

Travel insurance is a form of insurance solely intended to cover lost luggage, trip cancellation, flight accidents or any other losses that occur during your trip.

Some travel insurance plans will also cover any medical expenses you may be faced with if you get sick or are injured abroad. This may not be included in all plans, meaning that if medical coverage is something you’re specifically looking for, it’s essential to check before you commit to a particular rate.

What Affects Travel Insurance Rates?

Travel insurance certainly isn’t one-size-fits-all, and the following factors will play a big role in the cost of your plan:

  1. Age of Travelers – Traveler age is guaranteed to be taken into account by insurance providers. Travelers over the age of 65 can expect higher rates, simply because there’s stereotypically a higher risk of illness or injury for older generations.
  2. The length of Trip – The longer you travel, the more likely you are to experience interruption or risk, therefore increasing rates. For example, a trip of 28 days has a higher chance of travel disruption than a shorter trip of just 7, simply because you’re away for much longer.
  3. Number of Travelers – The more people traveling, the higher the rate. This is because when a higher number is involved, there are more variables which could create added risk.
  4. Coverage Type – A basic plan that offers no cancellation policy or medical expense cover will be cheaper, simply because it offers less.

Different types of travel will require different travel insurance plans, dependent on the nature of the trip. But as long as you’re aware of the affecting factors as well as which type is best for your personal circumstances, choosing travel insurance doesn’t have to be complicated.