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Supermarket travel insurance

Ever found yourself standing the the queue at a supermarket and glanced over at the rows of financial products they offer? Within these brouchures you will no doubt find one for Travel insurance as all the big supermarkets and retailers do it.

However be warned according to a 'Which?' report (Nov 06) supermarket holiday insurance products are not good value.

In a comparison table even the cheapest of the retailers was £16 more than Travel Insurance Web with the Post Office working out over £50 more.

'Which?' compared 8 major retailers prices for annual travel insurance and this is how the results came out:

 

Company Cost
Travel Insurance Web £38
Debenhams £54
Asda £70
M&S £70
Sainsbury's £72
Tesco £75
Boots £80
Virgin £80
Post Office £90

The costs shown here are for a single adult on a multi-trip worldwide policy

What the survey does not go into detail about is the cover levels that are provided for that cost, so though the prices vary significantly you still need to check the cover that you get for the money.

What this goes to show is that it pays to shop around!

 

 

Buying travel insurance

When buying travel insurance the first rule is to shop around to get the best deal. But remember price isn't everything - read the small print

 

Don't risk it

Travelling uninsured is financial suicide.
If you break your leg in the USA expect to pay over £20,000 in hospital costs. This has to be paid before you leave!

 

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