GOLDEN RULES

Feilding-Rangitikei Herald - - Property Brokers -

❚ Travel in­sured ❚ Buy in­sur­ance with care ❚ Don’t leave it to the last minute

travel in­sur­ance to cover me against three po­ten­tially mas­sive costs: med­i­cal treat­ment, evac­u­a­tion back home, and ex­tended travel dis­rup­tion.

I also know that should I fall off a cliff and break my back, my in­surer’s global res­cue net­work will kick into ac­tion, do­ing things like co­or­di­nat­ing my med­i­cal treat­ment and hir­ing an air am­bu­lance to get me home, things I couldn’t do my­self.

My rules of travel in­sur­ance are these:

1. It is part of the cost of travel. If you can’t af­ford travel in­sur­ance, you re­ally can’t af­ford to travel. It is a dan­ger­ous old world. Bad stuff hap­pens. If you don’t get cover, who would pay? Imag­ine your loved ones hav­ing to try to hire an air am­bu­lance to fly you home, or to fund your med­i­cal treat­ment over­seas. Par­ents, when your young ones head over­seas, make sure they get in­sur­ance, even if you end up pay­ing for it.

2. Don’t buy on price alone. Sav­ing $15 or $20 makes lit­tle sense, if the cover is poor.

‘‘Don't buy on price alone. Sav­ing $15 or $20 makes lit­tle sense, if the cover is poor.’’

3. Don’t as­sume ev­ery pol­icy is the same. They’re not. In­sur­ance poli­cies are about as much fun to read as a phone book. I’ve just read South­ern Cross’ and OneCover’s. I feel like a lie down now. But if you don’t read them, how will you know whether they suit your needs?

4. Buy your in­sur­ance when you book your travel. If you leave it to the last minute, you risk a Bali-like sce­nario where some­thing hap­pens to dis­rupt your trip, and you have no cover. You can’t buy in­sur­ance for some­thing that’s al­ready hap­pened.

5. Travel in­sur­ance sales pro­cesses are not per­fect. Peo­ple who bought travel in­sur­ance af­ter the Bali erup­tions be­gan in Septem­ber prob­a­bly weren’t told the event wouldn’t be cov­ered by their pol­icy. It was up to them to work that out.

6. In­sur­ers won’t like me say­ing this, but they can be a tricky bunch. Give them no ex­cuse to turn down your claim. Know your obli­ga­tions, and don’t breach them. When over­seas, be­have sen­si­bly, obey the law, and don’t drink to ex­cess. The ‘‘ex­clu­sions’’ in your pol­icy are ‘‘must-do’’ read­ing. Tell the in­surer about any pre-ex­ist­ing med­i­cal con­di­tions you have when you buy the pol­icy.

Mount Agung spews heavy vol­canic ash over Bali, In­done­sia.

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