With the Easter break just around the corner price comparison site Moneysupermarket has given UK consumers top tips on how to find the most convenient travel insurance deals for their holidays.
As the report pointed out, holidaymakers generally underestimate the real value of their baggage, yet items that everyone takes when going on holiday (such as designer sunglasses, brand name clothing and gadgets) generally add significant value to their baggage.
If you purchase a cheap policy, remember that those tend to have higher excess rates, so ensure you have the necessary funds to meet this cost.
Medical and personal liability cover
European Health Insurance Card (EHIC) will be enough cover if you are travelling to Europe, but travellers should bear in mind that they might need to cover the costs of some treatments depending on the country. This cost can often be recouped when travellers return home, providing they have kept receipts.
Moneysupermarket also reminded holidaymakers that cheaper or less comprehensive policies won’t include ‘hospital benefit’ which covers any incidentals that travellers may incur as part of in patient or out patient treatment.
‘End supplier failure’
Brits travelling independently, as an alternative to package holidays, should ensure that their travel insurance has ‘end supplier failure’ coverage. This will cover them in case their airline or hotel goes out of business or on strike. Package holidays generally include this coverage.
According to the price comparison site, holidaymakers should travel abroad with at least the following coverage: £2m for medical expenses, £1m personal liability, £3000 cancellation, £1500 baggage, £250 for cash, and policy excesses under £100.
Finally, Bob Atkinson, travel expert at MoneySupermarket, gave further advice: “Travel insurance shouldn’t just be about price. For some, the cheaper policies don’t provide adequate cover. Additionally, taking out insurance as soon as you book your holiday will ensure you are covered should circumstances arise that prevent you from taking your trip.”