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The cost of travel insurance is soaring, especially for
those who need to cover specific medical conditions. Online companies
like those on the right
can often offer competitive travel insurance because there are no costly
high street premises to upkeep and commissions paid are kept to small
proportions.
People are paying too much for their policies!
Recent surveys have shown that a staggering two-thirds of the 29m people
who go on holiday every year from the UK still buy their travel insurance
from an agent, despite it costing up to three times the price
obtainable by shopping around online.
Hints and tips on how to get suitable cover;
1. Shop around and carefully compare the cheap travel insurance cover
that's on offer.
2. Don't go straight for the first cheap quote.
Assess the benefits package of each policy. Cover that includes children
for free can make a big difference.
It's difficult to see past a cheap premium but it's important
to remember that cheap travel insurance isn't as comprehensive as more expensive
products - and in many cases, there's only a few pounds' difference between the cheapest and the most comprehensive services,
remember you are buying peace of mind!
3. Make sure the excess that applies for each travel insurance
quote is comparable.
4. Know what risks such as hazardous activities you want
your policy to cover and check that the quote meets your requirements.
It's important to think carefully about the travel insurance cover you
need for your trip: for example, do you need baggage cover? Its possible
that baggage cover is already included with your existing home contents policy? Do you need compensation for delays?
If you do, then buying a cheap travel insurance policy for
the sake of it may turn out to be a false economy. Read the small print carefully.
5. On specialist or activity holidays such as
snowboarding, skiing, paragliding and trekking; make sure the travel
insurance policy will cover you as insuring companies have different opinions as to
what constitutes a dangerous activity.
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