Travel insurance explained

What a good policy covers

• Emergency medical treatment and evacuation. The most important part, especially where healthcare is expensive.
• Trip cancellation and interruption for covered reasons such as illness.
• Lost, stolen or delayed baggage.
• Personal liability if you accidentally injure someone or damage property.

Common exclusions

• Pre-existing medical conditions you didn't declare
• Adventure activities such as diving, trekking at altitude or skiing, unless added
• Incidents involving alcohol or drugs
• Unattended belongings

Questions to ask before buying

1. What is the medical cover limit, and does it include evacuation?
2. Are my planned activities covered (for example, trekking above a certain altitude for Machu Picchu)?
3. What is the excess (deductible)?
4. What counts as a valid reason for cancellation?
5. Is there a 24-hour emergency helpline?

Check what you already have

Some credit cards include travel cover, but limits are often lower. Read the terms before relying on them.