Other money-saving tips include leaving jewellery and laptops in the UK
Britons urged to ‘leave watch at home’ this summer to save hundreds
Specialists at travel insurance firm Staysure have revealed the key factors that determine insurance prices and provided guidance on cutting costs when arranging your travel cover this summer. Travel insurance premiums can vary considerably depending on numerous factors, including existing medical conditions, age and your chosen destination.
Luckily, holidaymakers can slash costs by avoiding travelling with expensive valuables. The travel specialists recommended always “leave expensive valuables such as laptops, watches and jewellery at home”.
This is because “adding protection for valuable items, such as cameras or precious watches and jewellery, will push premiums higher”.
“If you need to insure expensive gadgets like cameras or valuables like watches and jewellery, your premium will be higher as there are pricier sums involved.
“Travelling without these items can help to lower the cost of your travel insurance policy and means you are at less risk of losing them,” reports the Express.
Premiums increase with age due to higher illness risk, especially for those aged over 65. Existing medical conditions are equally important as they raise the probability of needing emergency medical care abroad.
The specialists emphasised it is vital to consistently “declare all of your pre-existing medical conditions to ensure your policy is valid, should you need to make a claim”. Trip length and location also affect insurance costs, as extended holidays raise the chances that travellers might need emergency medical care.
Cover works out cheaper for countries deemed low risk, such as Spain, whilst high-risk destinations such as Sri Lanka may attract higher premiums due to repatriation costs.
The experts recommended opting for a lower-risk destination to cut expenses. “A change of country could save you hundreds. For example, a holiday to Paris will usually cost you less in insurance premiums than a trip to New York.
“It’s also important to check the country you are travelling to will be covered by your travel insurer. Some places in the world are considered too high risk.”