Those who book a vacation usually have the choice to opt for an additional travel insurance policy. But even those who buy or insure a car sometimes receive one as a gift. And even with some credit cards they are included. How many do you have in your name and when do you really need them? We provide you with the necessary information.
First and foremost: a travel (assistance) insurance is not mandatory. But in many cases it is recommended. After all, the insurance policy intervenes if you have an accident or serious health problem. But travel insurance covers more than that: hospital admissions, car breakdowns or loss of your luggage, if anything goes wrong, you should contact your insurer for a moment.
The term ‘travel insurance’ therefore covers a very broad cargo and comprises three policies: travel assistance, cancellation, and baggage insurance. The first ensures that you get help 24 hours a day worldwide in the event of illness, an accident or breakdown with the car.
On the one hand, that applies to you and your fellow travelers as persons: a stay in a foreign hospital, advance payment of hospitalization costs, sending medication and wearing glasses yourself if you suddenly lose them. Note that not all policies cover the same number of claims. Read your policy carefully or keep it in your suitcase or smartphone when you go on holiday.
The second part of that travel assistance relates to the vehicle you are traveling with. In addition to the hoist costs, your insurer can also cover the costs if you have your car monitored. Mind you, your assistance insurer does not cover damage to your vehicle – your car insurance does that.
The cancellation insurance will then ensure that the financial loss when you have to cancel the trip is minimized . If for some reason you cannot leave, contact your insurer immediately to ask how much money you can effectively reclaim.
And finally there is the luggage insurance that also covers the loss of your suitcases when you have lost them yourself. It is important that you first contact the police and ask them to prepare a PV. If your luggage is stolen in a hotel, have it checked by the management or manager and ask for a certificate confirming the facts. Then take that documentation with you to your insurer so that you always have proof of loss or theft.
What do you need (not)?
Anyone who takes out car insurance may already know that there is usually extra coverage for this abroad – depending on how well your car is insured. For example, you often get a replacement car for a day or five and you can call on the breakdown services day and night.
With the more comprehensive policies there is also a cover for theft abroad. Mind you, usually those conditions apply within the borders of the European Union and your policy works outside of those limits. So check carefully what your car insurer already covers and make sure that you are not unnecessarily triple insured.
A wrong approach is to assume that your credit card or health insurance fund covers everything and that you therefore do not need additional travel insurance. It is important to also read those policies carefully. You can enjoy Eurocross through a health insurance fund, for example. This is a assistance contract through their supplementary insurance, which is included in the annual contribution that you pay. Please note: this insurance only covers people and not vehicles. If you travel within Europe without a car, the coverage of the health insurance is usually sufficient. In addition, ask about the reimbursement of medical costs abroad, because they can vary greatly between health insurance fund A and health insurance fund B.
As already mentioned, travel insurance is included with certain credit cards, provided, of course, that you pay for the trip with that credit card . With the Anthony Blanche World Travel Mastercard, for example, you enjoy travel cancellation or interruption insurance, international travel assistance, insurance for delay and loss of luggage, purchase insurance and an extended warranty insurance. Moreover, with this card you collect per euro miles spent that you can use to book cheap plane or train tickets.