Travel insurance: what to check before you buy a policy

Travel insurance is hard to compare because the headline limits look similar. The details are in the exclusions. This is general information, not advice for your situation.

Medical cover comes first#

The most expensive thing that can go wrong abroad is a medical emergency. Check the medical limit, including repatriation. Costs differ widely by country, and the United States is notably expensive. Make sure the policy covers the countries you will visit and the activities you'll do.

Pre-existing conditions#

Many policies exclude or limit conditions you already have unless you declare them. Declare everything asked about, since failing to do so can invalidate a claim. Cover may cost more, but it's worth it.

Cancellation and curtailment#

These cover trip costs if you must cancel or cut short. Check the valid reasons, such as illness or bereavement, and what isn't covered. Many policies exclude cancelling simply because you changed your mind. "Cancel for any reason" cover exists but costs more.

Baggage, gadgets and valuables#

Policies set a total limit and a single-item limit, often lower than the price of a laptop or camera. Check what you must do, such as carry valuables in hand luggage or keep a receipt. Items left unattended are commonly excluded.

Activities#

Skiing, scuba diving and some adventure sports are excluded from standard policies. If you'll do them, you need an add-on. Check the definition of the activity and any altitude or depth limits.

The excess#

The excess is what you pay on each claim. A cheap policy with a high excess might not be cheap once you claim.

Existing cover you may have#

Some bank accounts, credit cards and home policies include travel cover. Read the terms, since they may have age, trip-length or country limits. Also check government health arrangements for your destination, which usually do not replace insurance.

Annual or single trip#

If you travel several times a year, an annual policy is often cheaper. Check the maximum length of each trip.

Before you buy#

Read the policy wording, not only the summary. Keep a digital copy and the emergency number in your phone. Buy when you book, so cancellation cover starts early.