For thousands of years, risks have been shared during times of tragedy. The first formal insurance company, Lloyd’s of London, was formed in 1769 and their principal concept remains today – to gather the premiums of clients as a pool of resources to return to clients who experience unexpected but covered events. So, that is the secret really, plan for the unexpected and make sure you’re covered, especially when you’re travelling. Whether your trip is a quick one or a round the world cruise, there are many good reasons for travel insurance. Here are just 7:
Medical Emergencies: If you fall sick or are injured during your travel, your travel insurance will give you financial coverage.
Flight Cancellations: If your flight is cancelled or delayed then your travel insurance should help. Depending on the cover available, a room for the night and even alternative travel home can be included.
Pre-existing Medical Conditions: Even if you have a pre-existing medical condition and it flares up while you’re on vacation, as long as you’ve advised your travel insurance company prior, you should be covered.
Damage or Loss Of...
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