When to Book Your Holidays Insurance.
When to Book Your Holidays Insurance. (Sportquest Holidays Travel Advice)
While none of us want to think about things that could go wrong in the time between booking and jetting off – for example illness, bereavement or redundancy – taking out a policy early could potentially save you thousands and offer you peace of mind.
Here we take a look at why you should purchase travel insurance with cancellation cover as soon as you book your holiday.
Taking out travel insurance when you book your holiday will not cost you a penny more, yet as long as you’ve ensured cancellation is included, you’ll be protected from the minute you’ve bought it.
It is easy to assume that you are automatically covered for various eventualities, but it is vital when choosing your policy that you check exactly what you are getting for your money as policies can vary considerably.
For example, it may be that you’ve booked a holiday such as a skiing or an activity break and you end up sustaining an injury before you go. Your holiday is dependent on you being in good health, yet without cancellation cover you face losing up to 100% of the value of your holiday.
This is why it really is essential to plan for the unexpected and make sure you are covered. Going for the cheapest insurance may be tempting but a couple of extra pounds now could potentially result in you making huge savings in the long run.
For example, we found a single-trip policy to Spain without cancellation or baggage cover for £5.20. Adding these on brought the policy up to just £5.78.
However, the amount insurers are willing to pay out were you to cancel your trip also varies significantly with amounts ranging from £500 up to £3,000.
Therefore, do your homework and make sure the cancellation cover is equal to or greater than the price of your trip.
Read the small print
While most will cover unexpected events like redundancy, illness etc, they are unlikely to cover something you knew was likely to happen ahead of your holiday. It is crucial that you always read the small print of any insurance policy.
Also remember to check how much excess you would have to pay were you to claim for cancellation. This generally starts at around £50 and goes up to £300.
The best advice is to take out holiday insurance as soon as you have booked your holiday, and also make sure you take sometime to shop around and read the small print as the level of cover varies with the prices.
There are lots of comparison site and one of the leaders in Money Supper Market, as they have a dedicated holiday insurance section.
Also see our previous blogs on insurance for over 65’s CLICK HERE