While you may be tempted to buy the cheapest policy available, this could prove a false economy and leave you under-insured. That’s because you will lose out if you have to make a claim of which you receive only a small percentage or on which you have to pay a very large excess. Spending a few extra pounds now could save you thousands in the long run!
TravelSupermarket recommends you look for at least the following levels of cover when choosing a policy:
- £2million for medical expenses
- £1million personal liability
- £3,000 cancellation (or enough to cover the total cost of your holiday)
- £1,500 baggage
- £250 for cash
- Policy excesses under £100
- Cover for scheduled airline failure or end supplier failure (as appropriate) if you are not going on an ATOL-protected package holiday
- Delay cover
Have you read the small print?
Finally, it is absolutely essential that you read the small print of your policy. No two are the same, so it always pays to check the terms.
