Choosing the best travel insurance
The economic downturn is old news now, but the effects of it are still being felt and will continue to be for a while yet. The pressure is on to try and save money however possible. But unlike choosing cheaper food products or using the phone less, its not so easy to save money on travel insurance. It certainly cant be skimped on or cut out entirely.
If you think it is bad having to pay £30 for something you are unlikely to have to use, try paying foreign hospital bills running into thousands of pounds. If you’re uninsured abroad and things go wrong, you really can find yourself in big trouble.
But that doesn’t mean you can’t minimise the cost of travel cover. We in the UK spend more on travel each year than anyone else in Europe, and as you would expect there are an appropriately large number of insurance options available.
Picking the most appropriate cover package will save you money – and more importantly, paying much less in the event of an accident abroad. When shopping for your travel insurance, you might want to consider some of the following options:
Single Trip Travel Insurance. Most likely, are you going to travel abroad more than once in the coming year? This is a question we all should be asking ourselves before we choose a policy, as it is the easiest way of saving money. as you would expect, single trip cover is more economical than a yearly or multi-trip package but would work out more expensive should you buy two single trip policies within a year. But that doesn’t mean this type of policy can’t go a very long way. Practically, you can probably stay away for up to six months.
especially if you travel often. There is generally no limit on the number of trips you can go on, however the duration of any one trip may be less than the length under a specific Single Trip policy. You are unlikely to get much more than a months cover on a single trip.
There are also tailor-made, specific policies out there. These really depend on the situation, for example backpacking has insurance policies built specifically to protect those who travel in this manner. Because a standard policy has many exemptions, the activities covered here usually extend the range of cover into usually uncovered areas.
...