Travel insurance myth 5: Travel insurance should not cost more than my holiday
Watch the animation to find out how the cost of travel insurance is calculated and why you should remember that you are insuring yourself, not just your holiday.
Goodtogoinsurance.com specialise in providing travel insurance to travellers who may have difficulty finding cover elsewhere, either due to their age or medical history.
- All types of medical conditions can be covered
- No upper age limits
More travel insurance myths busted
- Travel insurance myth 1: Annual cover will save you money
- Travel insurance myth 2: Travel insurance is more expensive the further away you travel
- Travel insurance myth 3: I don't need to declare my medical condition
- Travel insurance myth 4: I don't need travel insurance, I have an EHIC/GHIC
- Travel insurance myth 5: Travel insurance should not cost more than my holiday
Travel insurance myth 5: My holiday insurance should not cost more than my holiday: The transcript
If you want to find out why how the cost of your travel insurance is calculated, but don't want to, or can't watch the video we have reproduced the transcript below
Myth: My holiday insurance should not cost more than my holiday.
When you buy travel insurance you are actually insuring yourself not just your holiday.
Sometimes people complain that the cost of travel insurance is more than the holiday itself, but it is important to remember that you are insuring yourself, not just your holiday.
The most important element of travel insurance is the protection it provides against the risk of incurring large medical bills if you require emergency treatment abroad.
The price you pay is related to the cost of medical treatment in the country you are visiting, the length of time you will be there and the likelihood that you will require medical attention.
Emergency medical treatment abroad can quickly amount to many 1000s of pounds and it is these potential costs that you are protecting yourself from by buying travel insurance.
If your insurance cost is high it means that you could have an increased risk of requiring medical treatment whilst you are away and it is very important to ensure you have appropriate travel insurance cover.