Why Do I Need Travel Insurance?
Travel insurance insures you against medical expenses and loss of belongings, such as your luggage or your passport, while you are on holiday. Additionally, travel insurance can insure you against any damage you inadvertently cause to a third party, such as damage to a hotel room or to a car when driving. Bills abroad, particularly medical bills, can end up costing a fortune. This article provides information about why it’s important to buy travel insurance before you travel abroad.
The cost of medical care can vary widely from country to country. If you suffer a hip fracture in the USA, the medical bill is likely to be in excess of £22,000. Having a heart attack in Spain could cost you £35,000 in medical bills. Even if you expect neither of these types of injuries to occur, consider what would happen if you were to be involved in a car accident, or you slip and break a bone. In order to be able to pay for the medical costs of those accidents, it is likely that you will need medical insurance.
In addition to potential medical bills, consider what would happen if the airport lost your suitcase and a number of expensive clothes and items that were inside it, or if your camera or laptop were stolen. Without adequate travel insurance, none of these items would be covered and you would have to replace the items out of your own expense.