Insurance is one of those things that most people may overlook. Let’s face it, life is busy and stressful enough without having to worry about the intricacies of an insurance policy or having to choose between them. Yet an insurance policy is for those worst-case scenario moments that you never would imagine happening.

Some family friends were recently on holiday in Greece. Everything was idyllic and they were savouring every moment – until one of the party hit a pothole. The car was damaged and the person required urgent medical attention. Being overseas the medical care was a lot more expensive for non-locals. Luckily the had a car insurance policy and the car insurance company footed the bill. That’s over 5000 dollars that would have had to have come out of their pockets. A tip from this experience. Check if your travel  insurance policy pays the hospital and doctors directly, it saves you the hassle of having to pay the doctors and medical team then having to go through the rigmarole of claiming it back – it could take months to get the money back, placing additional strain on you.

Think of a good insurance website like investing. You pay a little every month for the guarantee that you will never have to pay a bill of tens or hundreds of thousands of dollars. Bear in mind it would depend on what your policy covers, so always remember to read the small print.

Car insurance information is particularly important for 18-year olds. Why? Because they don’t have much driving experience and are more likely to have accidents than other age groups.

The question is whether or not to add the child to the parent’s policy or not. You will have to evaluate this on a case-by-case basis. We hope you have found this article useful.