Travel Insurance Excesses
Have you ever booked a holiday with a travel company and just taken out the cover that the company recommends because it is easier than taking out standalone travel insurance? If you have then you are not alone because there are plenty of people that have done the same in the past. A decade or so ago it probably was easier to go along with the company cover but now you can get quotes from other companies within a few minutes so you should consider comparing policies. Why? Well, there are plenty of reasons to do so but one of the major reasons relates to the excess you may have to pay should you need to cancel your holiday.
All travel insurance policies have excesses attached to them, much like most other forms of insurance out there. However, they may masquerade as different items in the terms and conditions of different policies. For example, some are noted to be cancellation fees, others are administration charges and then there are plain old excesses. Either way, it will still be deducted from any payout you get at the end of the claims process. So why do travel company recommended policies vary from those you can take out yourself on the Internet?
In truth, some travel insurance policies barely differ at all because those are underwritten by the same companies that offer cover online. However, others charge a far higher excess and many people have no idea how much it is until they actually have to claim. As such, it is worth checking out the terms and conditions in advance. All charges will be documented there. If you think the excess is too high then simply shop around. There are numerous choices out there, many of which are available through Sun Alliance, so take a few moments to find the travel insurance that suits you, excesses and all.
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