When searching for holiday insurance it goes without saying that most people will search online for their insurance policy and a vast majority of these online searches will use some form of price driven operator connected to their search query.
Common terms that people may type into to Google would include; cheap travel insurance, low cost holiday cover, best price travel policy, affordable travel insurance – all good searches to consider, but how cheap is holiday insurance and what are the real costs involved with the cheapest policies?
So, right now I should mention that getting a great price on your policy doesn’t always mean that there are hidden costs but the important information here is really around ensuring that when comparing policies you ensure that you get the right policy for you at the right price.
In addition to this, be careful when entering your details and getting quotes from travel providers as the temptation can be to de-select everything that appears to incur a premium and believe that you have got a great deal when in fact what you have done (or may have done depending on what items you de-selected) is invalidate the policy by falsifying information.
For example, if you remove Emergency Medical Expenses from your cover to get a cheaper price, it could prove very expensive should you find that you need to pay for extensive medical costs in the event of a claim.
Typical questions that you are likely to need to answer include:
- The holiday destination
- The duration of the stay
- People travelling
- Activities you will be taking part in (or likely to) while away
- Medical conditions for you and all travelling (if on a family package or multi person policy)
If you are truly seeking the best policy for you at the most economical price, you would best seeking a policy most associated to your trip – if you are going backpacking for example check out specialist backpacker insurance – this will not only make your policy more likely to cover everything you need as it is specialist to your trip type, but also mean that you do not have question marks over your cover when your away.
Always read the policy in detail before you buy to ensure you are fully protected. There are terms and conditions associated with any insurance policy so make sure you are familiar with your cover and carry your documents with you when you travel.