Planning a trip can be exciting, but it’s essential to ensure you are protected in case of unforeseen events. Travel insurance provides peace of mind and financial protection, but knowing how to choose the right policy can be challenging.

Considered not just a luxury but a necessity, travel insurance is a vital component of any trip, be it a short weekend escape or an extensive journey across multiple countries

Travel insurance isn’t a one-size-fits-all solution, so take the time to assess your needs, compare options, and read the fine print. By following these tips, you’ll be well-prepared for your 2025 travels.

Start by comparing policies

When looking for travel insurance, comparison tools like InsureMyTrip.ie and CompareTravelInsurance.ie can help. These platforms allow you to review providers side-by-side, making it easier to find a policy that matches your needs.

Know what coverage you need

Travel insurance typically covers trip cancellations, medical emergencies, lost luggage, and delays. Think about the type of trip you’re taking. For a quick city break within Europe, you may need basic coverage.

For longer trips or those involving adventure sports, more comprehensive insurance is necessary. Ensure that any activities you plan to do, like skiing or scuba diving, are included in your coverage.

Check for existing coverage

Before purchasing a policy, see if you already have travel coverage through another source. Some premium bank accounts or credit cards, such as those from Bank of Ireland or AIB, include travel insurance as a perk. However, verify the terms, as they might not offer extensive coverage for high-risk activities or extended trips.

Evaluate medical coverage

One of the most crucial elements of travel insurance is medical coverage, especially if you’re travelling outside the EU.

While the European Health Insurance Card (EHIC) covers basic medical needs in EU countries, it won’t include emergency repatriation or private healthcare.

For trips to destinations like the US, where medical costs are high, ensure your policy covers substantial medical expenses.

Opt for multi-trip insurance

If you plan to travel multiple times a year, an annual multi-trip policy could be more cost effective than purchasing single-trip insurance each time.

Providers like VHI Travel Insurance and Allianz Ireland offer comprehensive multi-trip options that can save you money while providing continuous coverage.

Don’t ignore the fine print

It’s easy to overlook exclusions or limitations in an insurance policy, but understanding these details is vital. For example, policies may not cover pre-existing medical conditions unless disclosed and agreed upon in advance, so it’s a really important one to remember.

Likewise, certain policies may have caps on reimbursement amounts for lost items. Clarify these limits before buying an insurance policy.

Look for COVID-19 coverage

As travel continues to recover post-pandemic, some insurers include COVID-19 coverage as part of their policies. This can cover cancellations due to positive tests or medical care if you contract COVID-19 while abroad.

Ensure the policy you select specifies what is covered under pandemic-related incidents.

Confirm claim processes

In case you need to make a claim, a straightforward process and reliable customer service is key.

Look at reviews of the insurer’s claims process on platforms like Trustpilot or Google reviews to give you a good idea of the process.

A provider with strong customer service can make a stressful situation much more manageable.

Specialty insurance

If you’re planning a trip that involves expensive equipment or high-value items, ensure your policy covers these under its baggage and personal belongings section.

Some insurers offer optional add-ons for high-value gear, which can be crucial for travellers with laptops or cameras.

Get booking early

Getting your travel insurance isn’t something that should be done the day before you head off. You’ll be under pressure with your packing and it may not allow you to find the best deal. Instead, get your travel insurance as soon as you book your trip. That way, if there are any changes or cancellations in the weeks or months coming up to your trip, you’ll be covered.

Margaret Barrett is managing director at Mortgage Navigators, a specialist mortgage broker service with offices in Cork and Dublin. Margaret is an experienced mortgage adviser and Qualified Financial Advisor (QFA). See mortgagenavigators.ie