25 January 2012

Save on your holiday with cheap travel insurance

Everybody likes to spend a good holiday away from their everyday routine. Travelling abroad is the best option for those looking for a change of environment; ho

Everybody likes to spend a good holiday away from their everyday routine. Travelling abroad is the best option for those looking for a change of environment; however, it is important to know how to save money when travelling abroad.

Travel money cards

In general terms, foreign withdrawals are expensive and have numerous fees. Because of this, the Office for Fair Trading (OFT) recently stated that banks should be clearer about their charges for foreign withdrawals.

In fact, this OFT decision follows a complaint by watchdog Consumer Focus, which claimed that many banks were deliberately confusing customers over the cost of using their card abroad.

Fortunately, many high street banks have agreed to the changes, which also include scrapping charges for using debit or credit cards to pay for foreign currency.

If you want to save money abroad consider getting a travel money card as a way of budgeting and cutting back on holiday costs. It will save you from ATM's fees and overcharges.

Compare travel insurance

Once you are in another country, facing impromptu problems can be a real nightmare. With travel insurance in place, you will have the certainty that your possessions will be covered and protected in case of any problem or accident.

Having travel insurance in place before you depart to your holiday paradise is the best investment you can make regarding your physical and financial well-being. Compare travel insurance to find the best deals available in the market.

Against what many people may think, comparing and buying travel insurance is very easy. The simplest and easiest way is going online to compare travel insurance quotes given by the different travel insurance providers.

However, it is easy to miss many insurance companies due to a lack of knowledge of all the travel insurance providers in the sector.