World First issues excess travel insurance advice
by Richard Kilner
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.
Managing Partner Martin Rothwell has described failure to take out insurance as 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, for example, some firms will have an excess of £2,000 for trips to the Caribbean/North America, leaving the policyholder at least £2,000 out of pocket if they are faced with a hefty bill.
World First, however, has a flat rate excess of just £60, providing strong coverage without the policyholder needing to fork out a substantial sum.
Rothwell added that, 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.