Our top tips for buying travel insurance
Travel insurance is one of those essential parts of a holiday or business trip that's often overlooked until the very last minute, but by
shopping around for a policy you can find the right cover for your needs - and save money too.
Tip 1 – Shop around online for a better deal
Rather than simply accepting the travel insurance policy offered to you by your travel agent when you make your booking, shop around and
compare policies online to find comparable or better cover at a more competitive price.
Using a comparison site such as Gocompare.com will enable you to compare policies from multiple travel insurance providers in one place.
Tip 2 – An annual multi-trip policy may work out cheaper
If you travel abroad more than twice a year then an annual multi-trip policy will normally be the most cost effective option. A single trip
policy will work out cheaper if you do only plan on making one, perhaps two, trips in a 12 month period.
Tip 3 – European cover is cheaper
If you do buy an annual policy and you don't intend to venture outside of Europe, then limiting your cover to European travel only will be
cheaper. You can always extend your cover if you do head further afield.
Tip 4 – Combine cover for families and couples
Combining cover for couples or families will generally work out cheaper than insuring each individual separately.
Tip 5 – Check personal belongings cover limits
Most of us take valuables such as jewellery, a camera or camcorder, mobile phone and other handheld and electronic gadgets with us when we travel.
As such, having the right level of cover for personal belongings is crucial.
For personal belongings, all policies have a ‘single item’ claim limit. For example, if your policy has a single item claim limit of £200 and you
suffer the theft of a watch worth £300 then the maximum you can claim will be £200.
Policies also have a total valuables limit, too. For example, if the policy has a total valuables limit of £400 and you suffer the theft of
valuables worth £600 then the maximum you can claim will be £400.
If you do have items of high value then they may be covered under your home insurance policy, providing you have one. Check your policy terms and
conditions before you travel. Alternatively, you can also purchase standalone gadget insurance for handheld gadgets such as iPods, laptops,
cameras and camcorders.
Gocompare.com and travel insurance
With QuoteBanana*, our preferred provider for travel insurance quotes, you can compare policies from a wide panel of travel insurance companies.
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