Annual cover could increase your holiday spending money
Thu, 05 Jan 2006
Taking out travel insurance could help you have a little more to spend whilst on holiday.
Purchasing annual cover instead on relying on single trip cover could help lower the average cost of premiums for many holiday makers, according to research by Sainsbury's Bank.
The bank believes that around 6.4 million people could save on their travel insurance by switching to a policy that provides annual cover. For example, a family traveling to Europe three times over a 12 month period could cut their insurance costs by around 25 per cent without reducing their coverage level simply by opting for an annual policy.
"As people get excited about choosing where to go, they can often overlook the importance of choosing the right travel insurance policy or even forget to take out cover at all," said Karen Preston, travel insurance manager, Sainsbury’s Bank.
She added:"Before buying insurance, you should consider whether you are going to make multiple trips abroad as you could make a substantial saving by purchasing an annual policy instead of single cover for each trip." 
© Adfero Ltd
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