In these modern times, when saving money and cutting back on unnecessary
spending is at the forefront of everybody's mind, spending on
is one of the first casualties of the credit crunch and the ensuing
recession. For those who are still prepared to travel to far off
places for a holiday, the temptation is to save money by
avoiding investing in an adequate travel
insurance policy. This, as
this article will reveal, can result in immensely adverse financial
implications, which can have lifelong consequences.
Holidaying in the UK
In the UK and other countries, there exists a state funded National Health Service. This means that, if you holiday at home, you will be covered for any health issues that arise. However, you will still need to invest insurance to cover you for accidental damage to your goods, theft or cancellation of the holiday for reasons beyond your control. However, due, in the main to the all-too predictable British climate, where it frequently rains during the very months that people wish to take a holiday, holidaymakers tend to look further afield. The most notable of travel destinations is Europe, where summer sunshine can almost be guaranteed.
Travelling to the EU
If you wish to travel to the EU for a holiday you are covered, at least in part, by a reciprocal arrangement between the Member States of the European Union, which provides for health care to be provided to travellers. This Health Care requires that the traveller obtains a European Health Insurance Card, which must be produced when claiming the advantage of reciprocal arrangements. Failure to obtain the card might well result in the European Health provider refusing to provide health care. Even more potentially disastrous is the fact that, consequently, if you have taken out a travel insurance policy, any claim that arises through your failure to obtain the European Health Insurance Card may well be rejected. Some may question the need, of course, for travel insurance at all when travelling to a member state of the EU, when if you have your insurance card, you can claim health care. The reasons are twofold. Firstly, the European reciprocal scheme means no more than that you can claim health care oh the same terms as the citizens of the member state that you are visiting. Some of the member states, for example France, where it is 20%, require a partial payment by the patient. Your travel insurance would cover that contribution. Secondly, you will still need a travel insurance policy to cover you against cancellation, accident or theft and possible to cover the cost of repatriation if you are unable to return home without special transportation arrangements. Therefore, for travel to Europe, you should always obtain both the European Health Insurance card and an adequate travel insurance policy before your departure.
Holidaying beyond the UK and Europe
There are certain countries in the world where reciprocal health treatment arrangements can be applied for. Australia is one example.