3 big travel insurance mistakes - Video script

John Fitzsimons looks at some common mistakes we make with our travel insurance that hit us in the pocket

Summer will be soon be upon us, so it’s nearly holiday time. If you’re heading off for a break, make sure you don’t make one of these mistakes.

Don’t rely on your EHIC

Before you go abroad, it’s a very good idea to make sure you have your European Health Insurance Card sorted out, as it does entitle you to state-provided medical treatment in all European Economic Area nations, as well as Switzerland.

However, despite the name, the EHIC doesn’t actually provide you with health insurance, just basic care. So don’t cut corners – you will need to take out a truly comprehensive policy before you board that plane.

You’re not covered!

Taking shortcuts might save you a few pennies on your policy premium, but they could end up costing you thousands overall. If you’re going travelling, and likely to head somewhere dangerous, obviously your premium will increase. Don’t be tempted to get economical with the truth of your destination with your insurer – it’s more expensive because there’s a greater chance of you coming a cropper, and if you’ve lied, you won’t be covered at all!

Similarly, if you plan to do some extreme sports, make sure your policy covers you before you go skydiving or snowboarding. It’s not worth risking it if you’re not covered.

Only looking at the price

A big one this, and one I know I’ve made in the past. As with any insurance, the devil is in the detail, and if a deal looks too good to be true it probably is. When you buy a travel insurance policy, make sure you read the small print and get the right deal for you, not just the cheapest you can find!

Remember, lovemoney.com has a terrific travel insurance quote engine that you can use to find a great deal. Just head over to lovemoney.com/travelinsurance for more details.