Are you planning a trip from the UAE or to other counties? Whether it’s for fun, work, or adventure, you might have heard about travel insurance. It’s like a helper that can protect you when things don’t go as planned during your journey.
Travel insurance can help with problems like canceled trips, lost bags, or if you get sick while traveling. In this article, we’ll talk about what travel insurance is, who should get it, the good things it does, how much it can cost, and the best ways to save money on travel insurance.
Understanding Travel Insurance
Travel insurance is like a safety guard for your trip. Imagine you’re wearing a helmet while biking – travel insurance is like that helmet for your journey. It helps you when something surprising happens, like your flight getting canceled or your suitcase going missing.
It can even help if you need to see a doctor in a foreign place. No matter if you’re alone, with your family, or on a business trip, a travel insurance can take care of you.
Who Should Get Travel Insurance?
Travel insurance is like a friend for everyone going on a trip. It doesn’t matter if you’re going somewhere close or far. It’s good for people who travel a lot, families, people exploring alone, and those who travel for work. Everyone can find a special insurance plan that fits their needs.
Benefits of Travel Insurance
Travel insurance extends a helping hand when you’re far from home. Some key benefits include:
- Trip cancellation coverage: If your trip gets canceled due to unexpected events like illness or a natural disaster, travel insurance can reimburse your non-refundable expenses. You will also need travel insurance when visiting risky places.
- Emergency medical expenses: If you fall ill or get injured while traveling, travel insurance covers medical expenses, hospital stays, and even medical evacuation if necessary.
- Lost or delayed baggage: If your luggage goes astray or is delayed, travel insurance provides funds to replace essential items.
- Travel delay coverage: If your flight is significantly delayed, travel insurance can cover extra expenses like accommodations and meals.
- Emergency evacuation: In extreme situations, if you need to be airlifted or transported to a medical facility, travel insurance has you covered.
- Personal liability: If you accidentally cause damage or injury to others like when having a road trip, travel insurance can cover legal expenses and compensation.
Understanding Costs and Premiums
The money you pay for travel insurance is called a premium. The cost can be different based on where you’re going, how long your trip is, how old you are, and what kind of coverage you want.
Sometimes, people think travel insurance costs too much, but it’s important to remember that not having it could be much more expensive if something goes wrong.
Here are some sample costs of travel insurance in the UAE:
- A 10-day trip to Europe for a 30-year-old with no pre-existing conditions could cost around AED 300.
- A 2-week trip to Asia for a 60-year-old with high blood pressure could cost around AED 500.
- A 3-month trip to South America for a family of four could cost around AED 1,000.
As mentioned, the actual cost of your travel insurance in the UAE will depend on the same factors as mentioned above, such as the destination, length of trip, age, health, and level of coverage.
Top Tips to Save Money on Travel Insurance
Look and Compare at Different Plans
Don’t pick the first plan you see. Check out different ones to find the best price for the things you need. There are websites where you can compare them easily.
- The level of coverage: Make sure the plan covers the things you are most worried about, such as medical expenses, trip cancellation, and lost luggage.
- The deductible: The deductible is the amount you will have to pay out of pocket before the insurance company starts paying. A higher deductible will mean lower premiums, but you will have to pay more if you make a claim.
- The waiting period: Some plans have a waiting period before they will cover certain expenses, such as medical care. Make sure you understand the waiting period before you purchase a plan.
- The cancellation policy: Some plans have strict cancellation policies, so make sure you read the fine print before you buy.
Choose Only What you Need
Some plans have lots of things included. If you don’t have expensive things with you, you might not need that extra coverage. It is important to choose a plan that covers the things you are most worried about and that does not have any unnecessary features that will drive up the price.
Get a Group Deal
If you’re traveling with your family or friends, some plans give discounts to groups. To find group deals, you can contact your travel insurance provider or search online.
The sooner you buy travel insurance, the more likely you are to be covered if you need to cancel your trip for any reason. This is because most travel insurance policies have a waiting period, during which you are not covered if you cancel your trip. The waiting period typically ranges from 1 to 14 days, but it can be longer for certain types of trips.
For example, if you book your trip 6 months in advance and then get travel insurance 2 weeks before your trip, you will not be covered if you need to cancel your trip for any reason. However, if you get travel insurance immediately after booking your trip, you will be covered if you need to cancel for any reason up to the start of your trip.
Pay a Bit More at First
When you get travel insurance, you will usually have to pay a deductible. This is a small amount of money that you will have to pay out of your own pocket if you make a claim. The higher your deductible, the lower your insurance premium will be.
For example, if you have a 300 AED deductible and you make a claim for 600 AED, you will have to pay the first 300 AED out of your own pocket and the insurance company will pay the remaining 300 AED.
If you are willing to pay a higher deductible, you can save money on your insurance premium. However, it is important to make sure that you can afford to pay the deductible if you need to make a claim.
Say No to Extras
Some travel insurance plans offer optional extras, such as coverage for special sports or activities. If you are not planning on participating in any of these activities, there is no need to pay for the extra coverage.
For example, if you are not going to be scuba diving on your trip, there is no need to pay for the extra coverage for scuba diving accidents.
Think About your Health Insurance
If you already have health insurance that works in other countries, you might not need to pay for extra medical coverage in your travel insurance. However, it’s important to check with your health insurance company to see what their coverage is for international travel.
Some health insurance plans only cover emergency medical care, while others may also cover things like doctor’s visits, prescription medication, and repatriation.
Keep yourself updated about the travel advisories of your destination. If your government issues a travel warning after you’ve purchased insurance, you might be eligible for trip cancellation coverage.
Maintain a Good Record
Some insurers offer discounts for travelers with a history of responsible and claim-free travel. This can encourage you to be a cautious traveler and save on premiums.
By following these top tips, you can ensure that you’re getting the most value out of your travel insurance while also keeping your budget in check. Remember, travel insurance is an investment in your peace of mind and financial security while exploring different places. Safe travels!