Travel insurance: how to choose the right one?

With the lifting of foreign travel restrictions following the Covid-19 pandemic, the desire to cross borders and to travel to the four corners of the world returns. It is not legally required to take out travel insurance to travel to a foreign country. But in fact, the use of insurance is a necessary step to properly plan your trip. First of all, it should be remembered that the vast majority of the guarantees provided for by your insurance contracts only apply on French territory, and that these will not be of any help to you in the event of an unforeseen event during of your trip. In addition, some countries require the presentation of a specific insurance certificate for any foreign citizen wishing to stay within their borders, as is the case with Algeria, China or Russia. If it is often seen as a superfluous precaution resulting in unnecessary procedures and costs, travel insurance remains your best possible cover to leave serenely.

What should good travel insurance cover?

For any trip within the European Union, the process is simple: check that your European Health Insurance Card (EHIC) is up to date. It allows you to keep your rights to your health coverage and to benefit from the same rights as residents of the country you are traveling to. It is therefore essential to cover all your health needs, but does not exempt you from taking out additional travel insurance.

Indeed, if the coverage of health costs constitutes an important part of a good travel insurance, the latter takes into account many other aspects: it must insure you assistance in case of emergency repatriation (the cost of which can reach several thousand euros) and civil liability in the event of an accident on the spot. You should also ensure that your travel insurance covers the reimbursement of travel cancellation fees in the event of illnessat least partial reimbursement of the damage in the event of loss or theft of your luggage, or reimbursement of advanced or lost expenses if you have to interrupt your trip due to an emergency (a family death, for example). Other clauses, such as coverage for activities related to extreme sports or vehicle rental, can also be included if necessary.

Bank card insurance: too quickly limited insurance

If you book your trip abroad using your bank card, this allows you to automatically benefit from travel insurance for you as well as for your spouse and children. However, most of this insurance provided by banks is basic travel insurance, with a minimal or even insufficient level of cover. These insurances can only be applied for a maximum period of 90 days and sometimes offer insufficient guarantees, being limited to the coverage of simple medical expenses, cancellation insurance, death and disability insurance, repatriation assistance, baggage insurance and civil liability. What’s more, the reimbursement ceilings for medical expenses are often restricted and too low for certain countries where healthcare is expensive, and these insurance companies may also apply higher deductibles than normal. Credit card insurance can therefore be a suitable solution for a short stay in certain destinations, but it can quickly show its limits if you are leaving for a long time or going to certain destinations.

How much should you spend on travel insurance?

Several points must be taken into account: the destination you are traveling to, the duration of your trip, the number of people to be covered, the specific essential clauses of your trip and those which are superfluous, and finally the maximum budget you expect. allocate. Rates can vary greatly from one insurer to another. It is estimated on average that the average price of insurance is between 4 and 6% of the total budget allocated to your trip: this can range from 40 to 90 euros for a single adult person, and from 130 to 300 euros for a family. of four people, rates that can still vary greatly depending on the degree of coverage. For globetrotters and regulars traveling around the world, it may be more advantageous to take out global travel insurance that will cover all of your stays, rather than insurance on a case-by-case basis. Like everywhere else, do not hesitate to compete and use online simulators to compare and choose the most suitable insurance.

(By the editorial staff of the hREF agency)

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