The 5 Most Frequent Travel Insurance Claims

With the plentiful supply of affordable travel insurance, there is no reason to take the risk of traveling without insurance. There are many accidents that can happen when you are traveling abroad, and if you are insured, these accidents can represent simple inconveniences – but if you are not, they can turn into expensive disasters.

Close to two million travel insurance claims are made each year by people in the UK, ranging from refunds for canceled flights to paying medical expenses abroad. While a wide variety of claims are made, some are much more common than others. Here are five claims that you may have to make when on vacation abroad….

1. Medical Expenses:

5 Most Frequent Travel Insurance ClaimWith over a third of claims related to medical expenses, this is by far the largest cause of claims. It is also the most expensive, averaging nearly £ 500 per claim, with insurance in America, Canada, and Europe especially high. Medical expenses abroad can range from several hundred pounds for basic treatment and medications to thousands of pounds for a helicopter transfer or emergency repatriation. With such high prices, it is a very good investment to be insured whenever you travel.

Travel Insurance While some travelers are willing to assume all risks of travel, others will only insure against specific risks. In this case, travel insurance should include cover for your health. This includes cover for emergency treatment and repatriation in the event that an accident occurs, or a member of your family needs emergency treatment. It may also include cover for your baggage, and it can even cover the cost of cancellation of your trip. With so many types of insurance available, it can be difficult to find the right one for you. A travel insurance policy should offer enough cover to meet your requirements and budget, but not so much that you feel you are paying for things that are not actually covered.

2. Loss of luggage:

After the disaster at Heathrow Terminal 5 on its opening day (where thousands of bags were mixed), passengers are more aware of the possibility of misplacing their luggage. It is a very common problem during the holidays, therefore the second most frequent complaint. Losing personal effects can be a frustrating inconvenience, but your insurance will cover the cost of replacing them.

Baggage This is the second most common claim. According to the Association of British Insurers (ABI), over three-quarters of the cost of a claim is spent on lost or damaged baggage. While it can be difficult to determine exactly how much your luggage will cost, a typical claim costs around £ 200 per bag. With that in mind, you should plan on bringing a few extra pairs of clothes and toiletries just in case.

Lost Luggage This final claim makes up less than 10 percent of all travel insurance claims made. However, it is still a major concern for many people. According to the ABI, over a third of all lost luggage claims are for bags that were left in taxis or other private vehicles.

3. Canceled flights:

Travel Insurance ClaimsMany people purchase travel insurance at the last minute, but flight cancellation is an important reason to purchase travel insurance early. It is the third most frequent reason for complaints. Whether it is because you need to cancel your trip due to a family or personal emergency, or because the airline cancels your flight, having this coverage is essential. The average cancellation cost is just under £ 400.

If your flight is canceled and you are not covered by your travel insurance policy, then you will be liable for the full cost of the ticket. This can be expensive. It is therefore important to ensure that you have the right cover for any eventuality. When you purchase travel insurance, you are protected against a wide range of possible reasons for your flight being canceled. For example, if your flight is delayed, the policy will pay you compensation. This could include the cost of a replacement flight or a refund. You can also claim back the excess payment on your credit card.

4. Flight delay:

If your flight is delayed, it can lead to a number of unforeseen costs, including last minute accommodations and alternative transportation expenses, and is fourth on the list of frequent claims to travel insurance companies. International travel insurance can help you cover the costs associated with a delay in your flight, so the next time you are sitting in an airport waiting for your flight, know that your insurance is there to help with the extra expenses!

US Border Inspection ProcessYour flight may be delayed for any number of reasons, including weather conditions or mechanical issues, so it is important to have travel insurance that will cover delays as well as cancellations. If your flight is canceled due to bad weather, you may be able to get a refund from your airline, but this is not always the case. Most airlines offer refunds for delays up to 48 hours, and most flights do not fly at all in inclement weather. However, it is best to have travel insurance that will cover cancellations and delays in order to avoid additional costs. 

5. Money lost or stolen:

new mexicanIt is very easy to lose money when you are on vacation, it is also an attraction for casual thieves. So it is not surprising that it is the fifth most common complaint made by travelers from the UK. An international travel insurance company usually includes coverage for lost money, so if your wallet is lost or stolen, you will have the cash to replace it.

Lost property If you lose your passport or other documents, it is a good idea to have them replaced. If you don’t have proof of ID with you, then you may be denied entry to a country. It can also cause problems in the future if you need to apply for a new passport. If you lose a camera or mobile phone while traveling, it is worth replacing. Accidents happen, even on holidays.

Why travel insurance is necessary?

If you check above conditions are very critical and you need travel insurance because of those critical conditions. It’s a good idea to get travel insurance before you leave on your holiday, as it can protect you in the case of unexpected events. Travel insurance protects you against a variety of risks when you’re away from home. Some of these risks include illness, loss or damage to your personal belongings, cancellation, and delays to your flight. 

Cancel for any reason This type of travel insurance allows you to cancel your trip at any time. This means that you can cancel your trip for a number of reasons, such as an emergency medical condition, or if you need to take care of an urgent matter. It also covers you if you find yourself unable to travel due to weather, political events, natural disasters, or war. This type of insurance is most useful if you want to make sure that you’ll be able to continue your trip.

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