Holiday insurance or travel insurance is essential for people going out of the country for business or pleasure.
Here is your guide about the various types of holiday insurance available to you, so that you can compare holiday insurance options and choose the one that is right for your needs.
Compare Holiday Insurance
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Types of Holiday Insurance
Single Trip Holiday Insurance
A single trip travel insurance is a great way for leisure and business travellers to obtain cheap insurance. This is suitable for you if you make only one or two trips abroad every year.
As an example, an insurance for a single trip – a seven day holiday – can stat from as low as £5!
Here is what you would be covered for by a single trip insurance policy:
- Injury & illness
- Loss of baggage
- Theft
- Cancellations
- Public liability
- Emergency repatriation
- Access to dedicated 24 hours emergency telephone number
Annual Multi Trip Holiday Insurance
An annual multi-trip travel insurance is good for people making multiple out of country trips every year. This insurance covers you for all the trips made during the year.
However, if you plan to travel to many different countries or around the world, a worldwide travel insurance (described below) might be more suitable for you.
Here is what you would be covered for by an annual multi trip insurance policy:
- Medical expenses
- Loss of baggage
- Trip cancellations
- Theft
- Personal accident
- Flight cancellations
- Public liability
- Legal expenses
Other Holiday Insurances
Apart from regular holiday insurance / travel insurance, there are two other important holiday insurances:
Worldwide Travel Insurance
As the name suggests, this type of insurance covers you fully around the world. This can come in handy if you are making a round the world trip, or taking a round the world cruise. This insurance is available either as a single trip insurance or as an annual multi trip insurance.
Winter Sports Travel Insurance / Ski Holiday Insurance
Almost all travel insurance policies exclude skiing and other winter sports from their cover. As a contrast to that, a winter sports holiday insurance is especially designed to cover you and your equipment during your winter sports activities.
Backpacker Holiday Insrance
This is an insurance cover specially designed for people undertaking backpacking trips. The cover is normally available from 30 days to 1 year, while some insurers offering a cover for up to 18 months.
Compare Holiday Insurance – Factors to Consider
So when you compare holiday insurance or travel insurance, what should you be comparing? What should you keep in mind? Here are some of the important things:
- The level of cover: This is the single most important factor determining the cost of your holiday insurance. Look at the amount of individual covers – medical, liability, cancellation, etc.
- Length of the cover: As a rule of thumb, the longer the duration of the cover, the higher is the cost.
- Sub limits or single item limits: See if there are sub limits – for example, although the cover for baggage loss is £1,500, the cover for each individual nag might be limited to just £200!
- Exclusions: Check what activities and circumstances are excluded. Some common things are hazardous sports, being under the influence of drugs, etc.
In order to get the best deal on your holiday insurance, it is best to compare holiday insurance options and policies before selecting or buying a cover. When you compare holiday insurance, you would be able to get a good balance between the individual covers and the overall premium you pay.
Compare Holiday Insurance – Get the Best Deal on Travel Insurance
Below, you can find the tools and resources to get the most cost effective travel insurance for your needs:
