Booking a package holiday? Remember to pack travel cover

Booking a package holiday? Remember to pack travel cover

One in 10 people going on package holidays this year won’t buy travel insurance and risk a nasty financial shock if anything goes wrong while they’re away.

A third of UK adults plan to take or have already booked a packaged holiday in 2018, according to research from Sainsbury’s Bank, with a quarter of these buying travel insurance from their holiday provider. However, 9% admitted that they won’t buy any travel insurance at all for their trip.

Karen Hogg of Sainsbury’s Bank Travel Insurance said: “Just because you’ve picked the ease and security of a package holiday with its many perks including airport transfers and local representatives, it doesn’t mean you can forgo travel insurance. Good quality travel insurance is imperative should you or one of your party become ill. It will also cover loss or theft of personal belongings.”

Whilst opting for travel cover from your holiday provider is certainly better than not having any cover at all, bear in mind that it may not always be the most cost-effective option. It’s a good idea to compare quotes and cover limits from a range of different providers to ensure you’re getting the right policy for your individual needs at the right price.

Don’t leave cover until the last minute

Comprehensive travel insurance policies not only provide cover for medical expenses and personal liability, but will also provide you with financial protection if you have to cancel your holiday. Make sure you take out insurance at the same time you purchase your holiday, however, as if you leave it until the last minute you may not be covered.

Georgie Frost, spokesman for comparison site GoCompare said: “Insurers will only consider claims due to events travellers could not have known about before buying their insurance, therefore, the sooner the policy is bought, the more likely it is they’ll be covered if something happens between booking their holiday and their departure date. This could include a serious illness or injury affecting someone in the travelling party or a close relative who isn’t travelling with you but who you’d like to stay at home with. A major incident such as a serious fire or flood at home may be another reason why you might want to cancel or postpone.”

Is your holiday cash protected?

If you are taking cash overseas with you, check that this is covered by your policy.

Recent research by banking and insurance research experts Consumer Intelligence found that nearly two in five holidaymakers (38%) take more than £500 of cash away with them on holiday, but most travel insurance policies only provide cover for lost or stolen cash up to a maximum of £250.

Paying by plastic is usually the safest option whilst you’re overseas, but make sure you choose a card with low foreign usage fees. If you load your holiday spending money onto a pre-paid card and then the card is lost or stolen you won’t generally lose money provided you report the loss immediately to your providers. You may, however, have to pay for a replacement card.

Compare Travel insurance quotes to get the most suitable cover for you 

 

 

 

 

 

 

 

 

 

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