Does it pay to buy Travel Insurance?
- Date: 2007-04-13 - Word Count: 325
Share This!
Picture the average family vacation, you purchase your accommodation, you acquire your flights, you think of any extras such as car hire you might need and you think you've got it all sorted. Then you remember you've not even began to consider the prospect of travel insurance . The question on the financial communities mind at the moment and indeed expressed by companies such as MarketWatch is as follows: Does it pay to buy travel insurance?
Many people do not realise that they may already be covered for certain elements by their existing insurance polices, for example home insurance and life insurance. Certain credit card companies will also give free protection to their clients if they use the card whilst on holiday paying out in the event of accidental death for example.
This may be the case, but the problem is, you will still only be covered for certain areas and may be leaving wide holes in your total coverage. For the average family with 2 adults and 2 young children, an annual multi trip policy can be purchased for as cheap as £49 according to moneysupermarket.com. It is important to check how many trips are covered and the total allowance in day's by this type of policy and decide if this suits your circumstances. For some, taking out a single trip policy for each holiday may be more beneficial.
The average policy will cover you for loss/theft of personal items, medical expenses, cancellation, personal liability and many other varying eventualities.
The lesson to be learned from this is, check your existing policies thoroughly before you commit to an extra policy to ensure you're not doubling up. Don't forget that cheap travel insurance may prove to be an invaluable asset as it is specifically set up to cover all aspects of travel and there may be areas you are lacking cover in. All insurance is there to cover unknown eventualities so it is better to be safe than sorry.
Many people do not realise that they may already be covered for certain elements by their existing insurance polices, for example home insurance and life insurance. Certain credit card companies will also give free protection to their clients if they use the card whilst on holiday paying out in the event of accidental death for example.
This may be the case, but the problem is, you will still only be covered for certain areas and may be leaving wide holes in your total coverage. For the average family with 2 adults and 2 young children, an annual multi trip policy can be purchased for as cheap as £49 according to moneysupermarket.com. It is important to check how many trips are covered and the total allowance in day's by this type of policy and decide if this suits your circumstances. For some, taking out a single trip policy for each holiday may be more beneficial.
The average policy will cover you for loss/theft of personal items, medical expenses, cancellation, personal liability and many other varying eventualities.
The lesson to be learned from this is, check your existing policies thoroughly before you commit to an extra policy to ensure you're not doubling up. Don't forget that cheap travel insurance may prove to be an invaluable asset as it is specifically set up to cover all aspects of travel and there may be areas you are lacking cover in. All insurance is there to cover unknown eventualities so it is better to be safe than sorry.
Related Tags: travel insurance, cheap travel insurance
Your Article Search Directory : Find in Articles
Recent articles in this category:
- Top Things to do in Rabat, Malta
There are plenty of things to do in and around Rabat when you travel to Malta. 5 star luxury in your - 4 Sightseeing Highlights of Malta
Malta is a country with many things to see and do, as you will realise when you go on your Malta 5 s - Vacation Rentals - Something For Everyone!
There is no shortage of information on the vacation rental. I've written several articles on the top - Vacation Rentals - a Few Facts
Most everyone has some knowledge of the vacation rental. What I'd like to do here, in the confines o - Exotic Vacation Rentals
Travel is an adventure. In fact, that is why some us travel. Not for the relaxation, not for the cha - Vacation Rental Vs. Hotel
And the winner is….Well, read this, then decide!First, the ubiquitous hotel. Swathed in branded name - Tropical Vacation Homes - Investment or Destination?
Buying a vacation home for investment may be a great idea in these troubled economic times. Be certa - How to Choose a West Rim or South Rim Grand Canyon Helicopter Tour
If you want to take a Grand Canyon helicopter tour, you must choose between the West Rim and the Sou - Albuquerque Downtown Hotels Discounts, Deals and Reservations
Providing their guests with the best possible service available, Quality Inn & Suites in downtown Al - Hotel Suites Albuquerque - Online Reservations and Specials
Located in the center of the beautiful and historic town of Albuquerque New Mexico, Clubhouse Inn &
Most viewed articles in this category:
- Brazil's Tourist Attractions
Despite its popularity, Brazil is largely unknown to a lot of people. Other spots around the world h - Visit Ancient Persia, Greece, and North Cyprus with Clearchus of Soli
Tour the Hellenistic remains of Soli in North Cyprus with Clearchus, a student of Aristotle. As he - Exotic Trips - Vacation In Venezuela
Venezuela is a favorite vacation destination. No wonder! For instance, Venezuela is home to the worl - Some Advice When Buying A Travel Cot
A cot is a piece of furniture that is used for babies, infants, campers and travelers. Baby cots are - Marriott Hotels Varied History and An Overview of Properties
Marriott International was established in 1993 when the Marriot Corporation split into two different - Holiday In Cape Town
If you are interested in one of the top vacation destinations in the world, Cape Town may be right f - Hawaii Honeymoon Vacation Packages: Why You Should Purchase One
Are you about to be married within the next year or two? If so, have you started planning your honey - Cancun Weather
Cancun is one of the most well known tropical destinations in the world. Because Cancun is located j - Golf Lovers: Save Money With Hawaii Vacation Golf Packages
Are you one of the millions of Americans who enjoys playing the game of golf? If so, there is a good - Old Town San Diego
The Old Town San Diego Park serves as a way to recreate life in both the early American and early Me