How to avoid unnecessarily paying double for your travel insurance

2019-02-26 06:30
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We rarely want to think about the things that can go wrong before we go on holiday, but when you do you can go into quite a panic and just buy all the travel insurance.

While travel insurance is a must, you should always check what your existing insurance policies cover - as you may end up doubling up and wasting money on cover you already have.

SEE: The three most common insurance claims during a road trip

Vera Nagtegaal, executive head of Hippo.co.za, explains that travellers should be prudent to check their household and medical insurance policies to prevent this double act.

“Without adequate travel insurance you could open yourself up to crippling expenses, should something go wrong. Therefore, it’s important to know what you’re covered for and where you may be unprotected. This will give you peace of mind on your journey and avoid wasting your hard-earned cash on duplicate cover”, says Nagtegaal.

Check your credit card

Certain credit cards provide free travel insurance to customers who buy international flight tickets on their credit card - you just have to activate it.

According to a report by Grant Thornton and Reed Exhibitions, only 25 000 people out of 200 000 leisure travellers in 2017 purchased travel insurance through their credit cards.

It is important however to always check what kind of insurance you're getting and whether your travel partners are also covered.

ALSO SEE: #TravelEssentials: 4 Ways travel insurance can really save you from disaster 

Medical insurance

You always hope no one gets hurt while on holiday, but if something does happen it can almost break the bank getting help in a foreign country.

Check your existing medical insurance if it includes travel insurance - and if it needs to be activated before you leave - but also note what it does not cover, like extreme sports or visiting a country at war, which would mean you would need to buy additional cover.

“Some medical aids exclude pre-existing medical conditions and costs when travelling with the intention of obtaining medical treatment,” adds Nagtegaal.

Covering your cell phone and camera

Always check that your valuable electronics - cell phone, laptop, camera - that will be travelling with you is included in your household insurance policy as roving items. 

If you do require additional insurance for these items, check the single item limit of your travel insurance policy for cover for loss or damage, as not all plans have this benefit.

READ: What you didn't know about car rentals 

Rental cars

Rental car companies always offer insurance that can be added onto a booking, but before you dole out the extra cash, check if your travel insurance policy doesn't already cover the excess if something does go awry while driving a rental.

Always make sure to check the car for any damage before signing it off, and make sure you know how you're covered in case of a flat tyre.

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