So you have chosen your and have saved enough to book that romantic honeymoon , now all you need to do is pack. You are checking your list: swim shorts, towels, sandals, sun cream, passports, tickets and travel insurance….travel insurance?

Many believe that travel insurance may be unnecessary, a waste of money which can only cover you if you have an accident but you can actually cover a lot more. You can also cover things like your baggage, possessions, cancelled trips or even your holiday provider from going bankrupt.

Failing to have the appropriate cover in the event of an accident can be financially devastating and traumatic.

Millions of pounds are wasted every year as people take out cover when in fact they already have it. Many financial packages include some form of travel insurance such as: your bank, some accounts provide travel insurance; some car insurance policies cover you if you drive a car abroad, some home insurance policies cover your possessions wherever they are and some life insurance policies cover you and your family if you travel abroad.

When buying your cover you should look to buy it separately from a third party, travel insurance from your holiday provider will be a lot more expensive, also, if your holiday provider is made bankrupt whilst you are away then your travel insurance becomes void.

Shop around when taking out your cover; this is the easiest method to save money and by comparing online you will save buckets of time. Online comparison sites are most popular as they enable you to compare whole quotes against each other.

Before clicking the ‘buy’ button, ensure you know exactly what you are covered for, if you are going to a well known disaster destination then make sure your policy covers this or if the travel company you are going with are looking shaky then ensure you are covered if they are made bankrupt.

If you are travelling with expensive equipment then ensure it will be covered, some policies will not insure you if you have a lot of expensive equipment such as jewellery or electrical equipment.

Buy your cover annually where possible, this will work out a lot cheaper if you travel a lot. If you are travelling with your family most of the time then you should think about buying a family cover, this will save you time and money.

Follow these tips to ensure your holiday is worry free.