A recent report noted that up to 21% of people from the UK admitted to travelling with travel insurance. And, while it might not seem necessary, it can be the difference between a safe and healthy holiday and one that turns into a costly nightmare. But, what’s the best plan to take out in 2020?
We can’t tell you which travel insurance is best for you, because it truly does depend on a lot of different factors. Depending on where you’re going, for how long, and what you plan on doing while you’re there, the best travel insurance for you will vary.
But, here are seven things that any good travel insurance plan should have. So, while we can’t tell you which is the best travel insurance for you, definitely look for these seven things in any plan or package you decide to go with.
Which Travel Insurance Is Best 2020
1. Travel Insurance With Trip Cancellation Coverage
It’s always smart to invest in travel insurance with trip cancellation coverage. It’s especially important if you’re planning on travelling during a time period where inclement weather could jeopardise your trip. Howver, i’s important to note that if you’re a budget traveller spending a few hundred dollars on a small trip to somewhere close, it’s less important to protect your trip than if you’re spending thousands of dollars on a luxury honeymoon.
2. Travel Insurance With Lost Baggage Coverage
Lost baggage is one of the most common occurrences when travelling. It’s more likely that an airline will lose your baggage than the plane will crash, obviously, so taking out travel insurance with lost baggage coverage is a smart move. In fact, airlines lose 25 million bags a year. So, save yourself some headaches and choose a travel insurance plan that covers you in case it happens.
3. Travel Insurance with 24/7 Assistance
This one is pretty standard nowadays. In fact, you’d be hard-pressed to find a travel insurance company that doesn’t offer this as part of their standard insurance packages. When it comes to which travel insurance is best in 2020, the answer is one that’ll be there for you whenever you need it. If you fall ill in the middle of the night and need to know where the nearest doctor is, calling your 24/7 assistance number will provide you with all of the information you need.
4. Travel Insurance With Accident Coverage
This can’t be stressed enough. If you plan on riding a scooter while abroad, as many young travellers do, then it’s absolutely necessary to take out travel insurance. Accidents happen, not just moto-related ones, and the best travel insurance is one that’s going to cover you in case they do. One Australian reported noted that 80% of their claims came from scooter accidents in Bali and Thailand.
5. Travel Insurance With Evacuation Coverage
Similar to the trip cancellation coverage, taking out a travel insurance plan with evacuation coverage really depends on where you’re travelling. If you’re travelling somewhere where there’s political unrest or a high chance of a natural disaster, evacuation coverage is a good thing to have. This means that in the instance that there’s a massive earthquake, for example, you’ll be evacuated back to your home country.
6. Travel Insurance With Theft Coverage
You’re probably more likely to experience theft when travelling than you are to have a major accident. And, if you’re travelling with lots of gear such as cameras, drones, laptops, and other expensive items, it’s worth protecting them. Various travel insurance companies now offer this as an add-on and will sometimes even protect you if your passport or credit cards are stolen as well.
7. Travel Insurance That Covers Your Trip
Okay, this one might seem obvious, but lots of travellers seem to take out insurance that doesn’t completely cover them for their whole trip. This means ensuring the dates are right on your coverage. But, it also means ensuring that it covers the actual costs of your trip. If your entire honeymoon trip is going to cost you $10,000 then make sure your insurance plan will cover that full amount.