Don’t forget to check up on your insurance policy before leaving for July holiday, especially the part stipulating for which you are covered or not.
Dave Honeyman, executive head of Accident and Health at SHA Specialist Underwriters, says that insurance is usually the last thing on one’s mind before a trip. Families, especially those with children, are particularly vulnerable when they travel because they are often not familiar with the area or the emergency procedures in a particular province or even country. “This increases the risk of sustaining injuries or being involved in an accident,” he explains.
Children are typically more active during the school holiday as they are more likely to participate in sports and recreational activities he says. “This increased activity means they face a higher chance of sustaining an injury, especially when they are partaking in these activities in unfamiliar areas. Unfortunately parents rarely consider insuring their kids and if they are seriously injured medical bills can quickly accumulate.”
One needs to consider the financial challenges that will arise for a family if their 10-year-old child becomes disabled as a result of an injury, explains Honeyman. “Consider the ongoing cost of medical care, home renovations, customising of the motor vehicle and home nursing. How will a family afford all of these costs if their children are not insured? In addition to this, the child will require assistance to continue with their schooling so that they can still work one day.”
A personal accident policy provides reassurance to policyholders that they will be covered in the event of an accident, albeit minor or debilitating. Injuries that deem consumers medically unfit to continue working can also have devastating consequences on an entire family, and therefore consumers are urged to speak to a broker in order to have a sufficient Personal Accident policy in place before they embark on their holiday journey,” Honeyman concludes.