Travel insurance buyers told to plan holiday money
17 August 2010 09:55:55
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| Holidaymakers should shop around for foreign currency. |
Mark Bodega, director of currency specialist HiFX, pointed out that holiday bookers rarely think about the strength of sterling against their destination's currency.
"But it's now more important than ever to make the most of your money, as sterling's strength and volatility could have a real effect on the cost of your holiday," he revealed.
The expert said that travellers to Hungary, the US or countries in the eurozone are enjoying good value for their pound compared to last year.
In contrast, Australia and Japan are more expensive for Britons than they were last year, while Sweden, Norway and Switzerland also feel pricier at present.
Mr Bodega said that, while it is impossible to guarantee a better exchange rate in advance, Brits are likely to be better off if they shop around.
"If you wait until the last minute when you're at the airport to buy your currency, you could be charged a lot more and lose out on precious funds for treating yourself whilst you're away," he warned.
Meanwhile, holidaymakers who want to obtain an EHIC to complement their travel insurance policy have been advised to check they are using an official government website.
Such websites enable holidaymakers to submit applications for free, whereas a number of companies charge a fee for reviewing and forwarding consumers' applications.
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Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.