Do I need holiday insurance?

It's one of the first things the price-conscious traveller looking to save money will ask themselves: do I need holiday insurance?

No matter how tempting the lure of saving on the cost of insurance is, by opting for a policy you will have an increased amount of security should anything happen to you while you're away. But the ins-and-outs of insurance can cause confusion. We'd like to be able to shed some light on this for you.

Holiday insurance is something that no traveller should sacrifice, yet many consider it an unnecessary expense. But as the old saying goes: you can't put a price on your health. What's more, should the worst befall any traveller without insurance, financial difficulties are just the beginning.

Such is the importance of comprehensive holiday insurance, it is surprising the proportion of travellers that head abroad without coverage, or believe that cover provided by credit cards, bank accounts or home insurance is adequate. In reality, often only a standalone insurance policy provides full coverage.

So what exactly are the risks of travelling uninsured, and what should you look out for when buying holiday insurance? We at Holiday Extras are delighted to offer a comprehensive guide to booking holiday insurance.

So, whether you're unsure of how to receive medical treatment when abroad, don't know the difference between cover levels, or have a question for one of our insurance experts, we hope to provide the complete guide.

Holiday Extras Travel Insurance is sold and administered by Holiday Extras Cover Limited who are authorised and regulated by the Financial Conduct Authority under registration number 828848.

Holiday Extras™ is a Trading Name of Holiday Extras Cover Limited

Holiday Extras Travel Insurance is provided by Taurus Insurance Services, an insurance intermediary licenced and authorised in Gibraltar by the Financial Services Commission under Permission Number 5566 and authorised to passport general insurance intermediary services into the UK and registered with the Financial Conduct Authority in the UK under registration number 444830.

The insurance is underwritten by Great Lakes Insurance SE. Great Lakes Insurance SE is a German insurance company with its headquarters at Königinstrasse 107, 80802 Munich. UK Branch office: 10 Fenchurch Avenue, London, EC3M 5BN, company number SE000083. Great Lakes Insurance SE, UK Branch, is authorised and regulated by Bundesanstalt für Finanzdienstleistungsaufsicht. Deemed authorised by the Prudential Regulation Authority. Firm Reference Number: 769884. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.