Travel insurance is not compulsory, but it’s one of the most important elements of going away – besides actually booking your flights and hotel. Why? Because travel insurance is a small price to pay for financial protection should things go wrong.

If you’re on a budget, or even if you’re not, don’t cut corners on travel insurance. You can opt for cheap single trip travel insurance to cover you for just one trip – ideal for those who have just one getaway each year or who rarely travel outside of the country. What’s more, most travel insurance providers are flexible and provide multiple policies, so you can tailor the cover to suit you and your style of trip. For instance, there’s no point paying for ski or snowboard cover if you’re going to the Greek islands.

If you’re the type who likes to get away every year and explore as many new destinations as possible, it’s generally not cost-effective to keep buying single trip insurance for each holiday – and you might forget to do it too. Instead, you can book a multi-trip policy that covers you for multiple trips throughout the course of a year. It’s ideal as it brings the average cost per trip down, plus means it’s one less thing to think about.

There are plenty of travel insurance providers on the market, offering everything from cheap single trip travel insurance to multi-trip cover for 12 months’ worth of holiday fun. Take a look at Thomas Cook for their range of cost-effective policies to suit different types of holidays, or use a comparison site to gain wider market coverage and find the best policy to suit you.

It’s peace of mind and a safety net to keep you protected when you’re abroad so remember, whichever policy you opt for, make sure you don’t cut corners on travel insurance.

Photo Credit: matt.hintsa via cc