If you travel without travel insurance, you open yourself up to crippling medical expenses.
It is important to be aware of the fact that while you purchase your policy in local currency, any medical expenses you may incur would be paid in foreign currencies, and this could lead to financial ruin if you are travelling to a country with a stronger currency.
Buying a travel insurance policy will provide you with financial security, travel assistance and protect you from potentially enormous financial costs.
For example, in the UK, just a routine visit to the GP may cost you between 150GBP and 200GBP.
Hospitalization costs for serious medical conditions such as injuries resulting from motor vehicle accidents, or illnesses such as heart attacks, strokes and bowel obstructions could result in exorbitant bills.
We provide a financial safety net for our policyholders while they are travelling, as well as 24 hour international assistance, which means that help, when needed, is only a phone call away.
To better understand travel insurance you may find the answers to the following questions helpful. Please use this information to assist you in choosing the most appropriate travel insurance cover for you.
The most important benefit of your travel insurance policy is your Emergency Medical and Related Expenses for claims paid in foreign currencies.
Some of the other benefits of your travel insurance policy include:
- Cover for losses incurred due to unforeseen Cancellation or Curtailment of your trip
- Accidental Death and Disability cover
- Personal Liability cover
- Luggage cover
- Various other Inconveniences cover
If you require emergency medical treatment as a result of accidental bodily injury, illness or disease, we will insure you for any medical expenses you incur.
This includes hospital and out-patient treatment and prescription medication, as well as emergency dental expenses as per the schedule of benefits.
If you purchase your full airfare on your credit card, most banks provide some complimentary cover. This is restricted mainly to limited medical cover.
You will need to check exactly what you are covered for and then consider purchasing top up cover to ensure you have adequate cover for medical expenses as well as cover for the reimbursement of cancellation costs and lost luggage. There are several top up options available on the market.
Ensure you have adequate medical cover.
Ensure the cover also provides for the reimbursement of cancellation costs and lost luggage.
Unlike your monthly contribution to medical aid, your travel insurance is usually a once off premium for the duration of a trip; therefore, your travel insurance policy will normally cover the unforeseen and unexpected illness or accident.
Pre-existing means conditions that are usually not covered. However, limited cover for pre-existing conditions is available with certain policies for hospitalization costs only. There will, however, be age restrictions that apply.
Your travel insurance policy will cover you for regular travel activities but will exclude cover if:
- You are participating in hazardous pursuits
- Playing professional sports
- Wilful exposure to dangerous pursuits
You can, however, add a Sports Extension to your policy at an additional premium.
Leisure skiing is covered in your policy as well as scuba diving, provided you are licensed or accompanied by a licensed instructor.
When purchasing or deciding to purchase a policy, familiarize yourself with the exclusions on your medical cover. This information is located in the policy wording. On the system the policy wording can be downloaded or viewed at the cover stage.