Responsible parents will always consider covering every possibility by purchasing family holiday insurance before setting off on that much-anticipated break. The benefits of having such cover are numerous, and should certainly allow a degree of peace of mind about the extent to which you might be financially exposed should an emergency arise when on holiday.
Even so, not even the very best family holiday insurance is likely to cover some of the circumstances outlined below.
Elective medical treatment
The above term basically means medical procedures you decide to undertake while you are on holiday. It typically might include things such as cosmetic surgery. Broadly speaking, holiday insurance covers the unexpected rather than the intentional.
Injuries or losses arising from criminal activities
Fortunately, only a tiny minority of travellers engage in criminal activities while they are away. Even so, if you are injured or suffer some sort of financial loss as a result of criminal activity you have willingly participated in, your insurance company may decline to contribute towards your costs. Understandably.
Dangerous sports, activities and pastimes
Policies will typically outline a range of activities that the insurer constitutes too high a risk of personal injury or death for them to cover. One such example might be scuba diving and another could be skydiving. Different providers' family holiday insurance policies will almost inevitably have varying definitions in this area. You should read your policy to be clear what they are.
Highly dangerous countries or regions of the world
It is a regrettable fact of life that some destinations are highly volatile and dangerous for foreigners to visit. You may find that your policy provider explicitly excludes certain destinations and, if they do, you should avoid travelling to them if you wish to maintain your cover in place.
Pre-existing conditions and exclusions
Due to the fact that insurance covers the unexpected rather than problems that are already known about, you may find that some policies will specifically exclude cover for existing medical problems. However, some policies might also agree to cover certain conditions if you make sure they are declared in advance. In the case of some family holiday insurance policies, that may involve the payment of a usually modest extra premium.
Theft of cash, antiques or expensive jewellery
This is typically a complicated area of cover. Some policies may exclude the theft of cash entirely, whereas others might cover it up to a specified limit. There may also be specific conditions and exclusions relating to the theft or loss of valuable antiques when travelling or damage to them. Similar conditions might also apply to the maximum cover values of individual items of expensive jewellery. Once again, there could be significant variation between policies in this important area of protection.
Remember to read your potential family holiday insurance policy carefully before you make a decision to purchase it. It is always advisable to be sure you understand it rather than needing to start asking exploratory questions only at a time you find yourself in the position of needing to make a claim. By that stage, it might be too late.
By: Patrick D Chong
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Patrick Chong is the Managing Director of Insuremore. We provide low cost travel insurance and offer a range of policies including family holiday insurance, annual, multi-trip and single-trip insurance. For all your travel cover needs, Insuremore can help you in the quickest and most cost-efficient way.
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