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The Crippling Cost Of Not Having Travel Insurance | HolidayGuard Travel Insurance Blog

The Crippling Cost Of Not Having Travel Insurance

Despite government organisations like the UK Foreign Office and others advising travellers not to travel without travel insurance; an alarming number of people still ignore it at great costs.

Here are the important travel related costs that travel insurance can shield you from.

  • Travel Medical Insurance: covers everything from injuries and ailments to emergency evacuation which can costs upwards of US$ 18,000 depending on the distance and remoteness.
  • Additional Travel Costs: Medical situations have several associated costs like changing flights, additional accommodation, cost of companion, taxis, food, etc, which can run into thousands of dollars.
  • Personal Liability: This can cost you a lot of money in the event you are sued and in places like the US the risk is compounded.
  • Personal Possessions: This provides protection against loss, theft or damage of your expensive equipment, like cameras, notebooks, etc.
  • Trip Cancellation Insurance: Illnesses, accidents and life in general can happen to any of us at many time, but having to cancel your expensive holiday because of it doesn’t have to cost you money as well. Always buy your travel insurance the moment your trip is booked that way you are covered even if the trip is 3 months away!

What most people who travel without
travel insurance fail to realise is that the burden of such cost automatically gets passed on to their loved ones. Here is an instance of parents who are faced with GBP98,000 in medical evacuation costs to fly back their son who is in a coma.

The
UK Foreign & Commonwealth Office is an excellent resource for travel related advice and tips; its very useful for everyone. They even have a “Know Before You Go” campaign on YouTube thats very useful.

If you cannot afford travel insurance, how will you afford the costs related to not having travel insurance?