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Cheaper holiday insurance for your next budget break
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Posted On :
Jun-30-2009
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Article Word Count :
489
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Many holidaymakers choose not to purchase travel insurance, seeing it as a waste of money.
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Many holidaymakers choose not to purchase travel insurance, seeing it as a waste of money. But should something happen to you on your trip, this small outlay can be well worth it in terms of the money it could save you on medical care. Here we look at ways to keep the cost of your travel insurance down.
Most holiday insurance products include some form of insurance for your lost, stolen or damaged luggage. You can choose to opt out of this part of some policies when you are travelling with a minimal amount of luggage. So pack light, and it could save you cash.
Health insurance for your trip is always important, but insurance against the cost of your holiday in the event of cancellations could be made irrelevant if your holiday package was particularly cheap. Look at the excess required on making a cancellations claim. It could be that the excess payment is almost as much, or even more than, the cost of your flights, in which case this part of a travel insurance policy may not be worth your while.
Check out what travel cover you may already be entitled to through your existing health care policies, or even credit card policies. Each of these may already offer you some level of cover while overseas, and you may want to get separate insurance to add to this cover or not.
You may have heard of financial default cover. This is a travel insurance add-on that you can choose to take out if you are particularly worried about the financial standing of the travel company or airline that is arranging your trip. However, if you are confident in the financial security of your travel company during the current recession then you could save some money by not paying extra for this type of policy.
If you are a UK citizen travelling to Europe, then you could save a little on medical cover by obtaining a free European Health Insurance Card. Although it does not cover you for all medical costs, and will only pay for state-provided medical treatment, it does mean that you are entitled to free or subsidised healthcare in every country in the European Economic Area.
Whenever you come to sign a policy, you need to double check that you are getting value for money. For example, when it comes to cancelling your trip, insurance providers can be very rigid in the reasons they deem acceptable for cancellation. So it is a good idea to check that your proposed insurer has an acceptable number of cancellation causes first.
If you take budget flights abroad on a regular basis, it could really pay you to opt for an annual insurance policy instead of single trip cover every time you fly. Your premium will be lower, and you will be covered for a whole years worth of travel too.
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Article Source :
http://www.articleseen.com/Article_Cheaper holiday insurance for your next budget break _1449.aspx
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Author Resource :
For great deals on holiday insurance including annual travel insurance with cancellation cover up to £5,000, visit AA Travel Insurance.
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Keywords :
travel insurance,
Category :
Finance
:
Insurance
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