Travellers are being urged by World First Travel Insurance to thoroughly research the travel insurance market to ensure they have an appropriate level of coverage when on holiday. Failure to take out insurance is a false economy and a huge risk.
Travellers can browse hundreds of insurers through price comparison websites, but opting for a cheaper policy could actually prove to be more expensive in the long run. Cheaper policies tend to have a higher excess, some can have an excess of £2000 for trips to the Caribbean/North America, leaving the policyholder at least £2000 out of pocket if they are faced with a hefty bill.
When needing medical treatment, travellers will be required to pay the excess up front, so it should be a serious consideration when selecting travel insurance.
Travel insurance: News update: 2 September 2010