- Personal Finance
Cheap Holiday Insurance, Value for Money
When travelling on holiday, holiday insurance is a must. Without holiday insurance you are putting yourself at risk of not being covered for medical, personal belongings, theft and lots more. With all the different covers on the web, you are sure to get a cheap holiday insurance cover but the question is, will it be value for money?
I have worked in travel for many years and I know the importance of having a good holiday insurance cover but don’t worry, I’m not going to be selling any particular insurance policies to you, I want to give you some advice on what kind of covers there are and also what to make sure you are covered for in your holiday insurance.
Medical cover is a must but don’t be mislead if your holiday insurance says it will cover you up to a ridiculous amount in the millions (because a lot will), it looks good for them and you think you are getting a good cover but the highest claim that I am aware of on a holiday medical claim was well under a million pounds, so what’s the need to be covered for 20 million when you will never need it? I would say if a holiday insurance policy has 2/3 million pound medical cover and expenses the in my eyes it would be satisfactory.
When you decide to take out a particular holiday insurance policy, double check the small print and see if they offer a 14 day cooling off period. I offer this to my customers and it’s a great way to purchase the policy and then take it away with you and read all about what you are covered for, if you decide that the policy is not for you then take it back to where purchased and if within the 14 days, you will get a full refund, no questions asked. So before purchasing, double check they offer this.
You need to think logically when looking into buying your holiday insurance as being covered for hijacking of planes or mass tidal waves, although scary and a small chance this could happen, are these really important to you? I would rather be covered for loss of passport, holiday money, mugging in a foreign country, damaged or lost baggage, these sorts of things because they are more likely to happen.
These are just a few tips for when you are ready to buy your holiday insurance but keep in your mind that, yes cheap holiday insurance would be good, will it really cover you for what you want it to.