Annual insurance is better value

MAKING sure you have travel insurance long before jetting off will help secure a better deal.

Travel insurance offered by an agent when booking is unlikely to offer the best value. Comparison websites such as comparethemarket and MoneySuperMarket should find you a much better offer.

Do not just go on price, as the cheapest policies might not have adequate cover for medical expenses, cancellation, baggage protection and personal belongings. If involved in adventurous activities such as skiing you might need extra cover.

Kieran Hartigan, head of products for John Lewis Financial Services, says: ‘If travelling abroad at least twice a year – particularly as a family – an annual policy should offer better value than single trip cover. Buy soon after booking so if you cannot make a flight – perhaps because you fall ill – you are covered.’ Holidaymakers should also make sure they have a European Health Insurance Card if travelling in Europe, offering free or discounted healthcare if ill or injured. Apply at the Post Office or for free at website gov.uk/europeanhealth-insurance-card.

It is worth booking travel tickets with a credit card as under Section 75 of the Consumer Credit Act they are equally liable with the provider if there are problems – a lifesaver if the airline goes bust.

Some credit cards and current accounts promote ‘free’ travel insurance although the cover will not always be as comprehensive as standard policies.