If you have free travel insurance its essential you check what’s covered

SMP Healthcare

Travel insurance is a vital element for everyone when they are travelling abroad for business or pleasure but when your bank offers you free travel insurance, why should you consider paying for it from a specialist travel insurance provider?

The answer is simple and covered comprehensively by an article in the Telegraph and with the old adage if it’s too good to be true coming into play it is worth checking exactly what cover your “free” travel insurance gives you.

Your free travel insurance may be subject to geographical exclusions, upper age limits, and restrictions on cover for pre-existing medical conditions so it absolutely essential that you check the cover you have in place before you travel, especially if you are visiting the USA where the cost of medical treatment is significantly high.

*Many travellers find they have ‘free’ travel insurance bundled in with their bank accounts and go away assuming they are fully covered for any eventuality without reading any of the terms and conditions or limits set by their bank’s policies. It is important to understand exactly the type of cover being offered by your bank or, in some cases, credit card. Some credit cards – such as American Express – come with travel accident insurance, which is a far inferior product to comprehensive travel insurance.

‘Free’ travel insurance from your bank is rarely as it appears, as most current account or credit card holders will find they are paying for the policy in the form of an annual fee or that there are certain eligibility requirements they must meet in order to receive the cover.

*information sourced from:  http://www.telegraph.co.uk/financial-services/insurance/travel-insurance-online/travel-insurance-savvy/ Please click on the link above for access to the full article.

If you want to ensure that you have the right travel insurance policy in place, the Medigest Business Directory can help you find a specialist travel insurance provider who will guide you through the process and make sure you know what cover you have in place before you leave the UK.