How much does travel insurance cost?
Travel Insurance
Travel Insurance is the insurance in which you get the cover of the cost when you are on a holiday and your belongings are stolen or anything bad happens with you. Travel insurance also gives you cover when you are traveling abroad and there some problems with your accommodation or you get injured due to any kind of disturbance and you face disarrangement in your plans.
How much does travel insurance cost?
There are different kinds of travel insurance like where are you going to travel and how long you will be traveling and do you need any additional coverage for this. The cost of travel insurance may differ from £4.79. For an eighteen-year-old individual traveling to France for four to five days, the cost would be for a single trip travel policy.
Annual Multi- Trip Travel Insurance costs you more as it covers you for the entire year. This travel Insurance policy may cost you £4.79 to the increasing amount of £19.45 which covers worldwide traveling.
When you are thinking of taking a big holiday then annual travel insurance is the most valuable option for you. But this insurance policy might be very cheaper for an individual who is below twenty-five and wants to go on a holiday to the same place for multiple days. And it is also cheaper if you are above twenty-five and you are planning to go for more than three trips.
Factors affecting the price of Travel Insurance
There are a number of factors affecting the Travel Insurance.
- 1.Age: The Travel Insurance is very costly for individuals who are an in their sixty's of age. It may cost sixty-two percent more than the single trip of an individual who is below twenty-five. And if you are in your Eighty's the average cost is about £36.60.
- 2. You would have to pay more to get cover for activities like scuba diving, hiking or skiing.
- 3. Your premiums will be raised if you increase the level of your protection like equipment insurance and gadgets.
- 4. Destinations and factors such as the cost of medical treatment and repatriation may increase the cost of your travel insurance policy.
- 5. The longer is your holiday, more expensive is your insurance policy.
6.If you are already suffering from any kind of illness it may increase your premium.
Your medical conditions – if you have a pre-existing medical condition, it may raise your premium. However, don’t be tempted to hide this to drop down costs, as failure to declare a pre-existing condition could invalidate your insurance.
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