The purpose of a holiday is to dissolve the stressors and frustrations of day-to-day life. For prudent travellers, travel insurance is able to provide peace of mind so that no unexpected risks undo all the rejuvenating benefits. However, as you compare travel insurance policies, be aware of what requirements are included in the fine print.
As you review each policy, be sure to identify the excess-what you must first pay before your travel policy takes effect. Each travel policy requires different conditions to be met for the excess. It is common for an excess to be applied per insured individual. This means that if the travel policy insures several people, each person may be subject to the excess amount. For example, a £100 excess for a policy covering four people may actually result in a total excess of £400.
While the individual excess type is common, there are other policies that require only one excess payment for all insured individuals. Be sure to review what each travel policy requires before deciding on one.
