For some, the end-of-year holiday season is the perfect time to escape on a well-deserved holiday to a destination abroad. However, many people who travel overseas are still not taking the appropriate measures to manage their risks when travelling to a foreign country.
This is according to Magcino Gule, Senior Manager for Travelsure at Old Mutual Insure, who says that travel risks are increasing year-on-year, making it increasingly important that leisure travellers take the necessary precautions and protect themselves with adequate travel insurance when they go on holiday.
“High-profile events such as natural disasters, terror attacks and medical crises are on the rise worldwide, which means that travel risk management, an important but often overlooked precaution, needs to become more of a priority for people touring abroad.”
Gule states that it is crucial to look at the risks that you and your family may face while travelling and to find a travel insurance product to cover every eventuality. “It is very common for flights to be cancelled due to unexpected events related to political instability or natural disasters. This alone can cost a stranded tourist in a foreign country tens of thousands of rands, let alone in the event that someone needs medical attention or evacuation. Furthermore, every year thousands of flights are either delayed or cancelled due to snowstorms in the Northern Hemisphere, this is most often during the holiday season.”
She adds that in addition to those that opt not to buy any travel insurance at all, there are also many instances where tourists don’t have the right insurance product for their needs.