Welcome to our travel insurance guide where we set out what your options are.
Single-trip insurance covers one holiday, while annual trip insurance covers any trips during the year. If you travel a lot, annual coverage can be a great deal as it is about two-and-a-half times the cost of a single week’s coverage. Read the fine print carefully: some policies limit the coverage to 21, 35, or 45 days at a time.
Annual policy coverage starts at the date you choose. While it may seem logical to start on the first day of your trip, it doesn’t cover cancellations until that date: you may be better off starting coverage when you book your trip.
Family policies cover everyone in the family under one policy. Some companies offer varying rates depending on the number of children and parents covered, while others have a flat fee for families: this can be a great deal if you have a lot of kids.
Anyone under the age of 18 can be considered a child. Family coverage can cost as little as £50, which is about the same as coverage for adults alone. Make sure to check the terms of the policy carefully to make sure it suits the needs of you and your family.
Business insurance is typically sold as an annual policy, as it is assumed you will be traveling multiple times as part of the job. These policies will typically cover office equipment like laptops PDA’s, and sometimes sports equipment for times when you need to make a deal on the golf course. Some business travel insurance offer cover for a colleague’s trip expenses if you are ill.
In the past, options have been limited because companies were not willing to insure “high risk” age categories; however, a price comparison tool lets you compare quotes for this age group, letting you shop for policies without visiting a travel agent or specialized provider.
Like business insurance, travel insurance for over 65s is tailored to its customers, with more coverage for medical expenses, which can be as high as £10 million instead of the typical £2 million.
