Increasing numbers of New Zealanders are travelling overseas on business and holiday. It is frequently a busy time leading up to departure day and often, little things can be over looked as we organise our trip, sort out things at home and get the bags packed. However, one thing we should never neglect to do is arrange suitable travel insurance. Before doing so, take note of the following, which highlights just how much it could end up costing you by not having the appropriate cover in place:
1. Ensure you have sufficient cover for events that could happen. A burst appendix that requires an appendectomy could cost you $50,000 in the USA.
2. Remember too, that should you also need help getting back to NZ following an accident, you could be looking at a massive bill for even a relatively minor problem. For example, once you take into account that something as straightforward as a broken leg could mean you need a first-class or business-class seat on a flight just so you have sufficient leg-room, it starts to become clear how quickly the costs of an accident abroad can mount up. Add in the pay and expenses if you require a qualified medical practitioner to escort you, and you begin to appreciate that travel insurance is very worthwhile even for a straightforward case.
3. Spare some thought for the type of holiday you are going on and ensure that you will be covered for all the activities you intend to experience. For instance, you may intend to do some diving, skiing or yachting. The more adventurous activities may not be included as standard cover.
4. Make sure that your insurer provides 24-hour assistance – you don't want to be laid up with a suspected broken leg listening to an answer phone telling you to call back during office hours.
5. Consider getting cancellation cover, so that if you have to cut your holiday short or cancel before you even set off, you can recoup your costs.
6. We all know that flights can be delayed, which can be a real issue if you have a connecting flight to catch. Determine whether a policy covers flight delays and how important it is for you to have this cover.
7. Personal liability should be included in your policy too. This means that, should you damage anything or anyone while you are abroad, you are covered if they sue you.
8. For an extra fee most insurance policies will give you a level of baggage cover which you can claim if your luggage or belongings are lost or stolen while you are abroad. But before you sign up for this, check your home contents insurance. It may be that the valuable bits you want to insure are already covered when they are out of your home.
Make sure you check the small print of a policy before you buy it as some of the cheaper ones may not provide enough cover and before heading to the airport, remember to pack a copy of your insurance documents and keep the emergency number handy. There's no point in buying insurance only to find you have no idea how to claim when you need to. Contact us for further information on travel insurance or for recommendations on the most appropriate cover for your needs.