Copyright © 2011 Ross L Marchant
So you’ve booked your holiday, made sure your passport is still in date and have found a reluctant friend to look after the dog for the week! But, and this is the big one, have you made time to purchase your travel insurance? Travel insurance is an often overlooked but nonetheless very important aspect of your holiday that should come higher on everyone’s list of priorities. In the unlikely event that something goes wrong on your trip, it ensures that you are covered in almost every eventuality.
Finding the right policy at a cheap price can often seem a daunting task and most of us settle for the first policy we see in the hope that we are getting value for money. However this does not have to be the case. Use these five quick tips to ensure you buy cheaply, yet wisely, every time.
1.Many of us purchase travel insurance along with our holiday with the same company. This is a time-saving tactic that you really should not use. Compare the price of travel insurance from your holiday agent with a policy from a travel insurance specialist and you will find a startling difference in price. Holiday operators make a profit on travel insurance policies possibly as much as they do on the holiday and flights you have booked so look elsewhere for your policy.
2. Compile a list of things which you want to be covered against. If you have decided exactly what sort of policy you want and what you wish to be covered, it will make things easier when searching for travel insurance. For example, do you really need to be booking a policy that includes extra cover against extreme sports when you’re going on a relaxing city break?
3.Using a price comparison website can also save you money. Its a simple case of typing in your holiday details, pressing enter, then they do the hard work, pinging back a comprehensive results list in minutes, giving you the chance to compare a whole range of different deals. This is an excellent way of saving time and possibly cash. However you are restricted to companies which are affiliated with the comparison website.
4. Check excess prices. If the worst comes to the worst and you have to make a claim you will have to contribute to the costs in some cases by paying an excess. A high excess can lower the price of your overall quote dramatically, so the higher your excess, the lower your overall quote. This is a very risky idea which could set you back a lot of money if you need to make a claim. It’s best to choose an excess that seems like the average going rate amongst a range of insurers.
5.Going with a reputable insurer is a common sense tip that protects you in case the company goes bust. The travel industry can be volatile and we have seen how many companies have folded due to financial problems. If this happens with the insurer you have gone with, you may find that your policy is actually void and if you wish to make a claim you may find it extremely difficult.
The best prices for travel insurance at Flexicover http://www.flexicover.co.uk for UK travel insurance provider Flexicover Direct.