Most insurers offer family policies and they often work out cheaper than individual cover for each family member. It’s also easier to manage one set of paperwork than two or three.
But it’s important to read the small print of any family travel insurance – particularly the section on the travel insurance excess. The excess is the amount you have to pay towards any claim and it can vary according to the type of claim. If you lose your baggage, for example, you might have to pay a smaller excess than if you cancel your holiday.
You should also check whether the excess applies to each person on the policy, or to each claim. If the insurer charges the excess per person, a family of four with an excess of £100 could end up paying £400 towards the cost of a claim.
I speak from experience as I was recently stung by a ‘per person’ travel insurance excess when I made a claim on a family policy. I have since switched insurer and our current policy comes with a maximum £100 excess. Take a look at these tips on how to choose the right family travel insurance.
It’s also a good idea to make sure your definition of family is in the insurer’s dictionary.
Most firms these days are pretty relaxed about step families, civil partners and co-habitees. But if your family is particularly ‘modern’, an old fashioned insurer might question your status.
Naomi Caine was editor of The Sunday Times Money section for six years before she moved out of London to bring up a young family. She now juggles two children with a freelance career, and has written for a variety of publications, including MSN, Yahoo, The Times, The Sunday Times, Which? Money, Money Week and The Sunday Herald.