Travel insurance cash cover
Cover your holiday money with travel insurance
Losing your foreign currency when you’re away is always a headache, but a travel insurance policy should cover you up to a certain amount
Losing your foreign currency when you’re away is always a headache, but a travel insurance policy should cover you up to a certain amount
Travel insurance generally covers you if your holiday cash is lost or stolen, but only up to an amount specified in your policy.
The amount you’ll be insured for will depend on your policy, but most insurers offer around £300 of cover as standard. It’s important to check your policy documents to be sure – some insurers might cover you for over £500, while others may not cover travel money at all.
You might not just be carrying cold hard cash with you, so it’s worth checking if your insurer will also cover the following:
If your child is carrying their own money this may also be covered under your travel insurance policy – but it’s likely to be for less.
If you’re travelling for work and you have company money with you, it probably won’t be covered by standard travel insurance. You’ll need a business travel insurance policy for this and any other claims such as business equipment or alternative travel arrangements.
Some insurers offer cash cover as part of a wider policy that also includes important documents like your passport and driving licence. This isn’t always the case, so check your policy documents.
As with most insurance policies you’ll have to pay an excess fee to claim for lost or stolen cash – you can expect it to be around £50, but it will depend on the cover you’ve taken out.
There are likely to be some exclusions that apply when it comes to claiming for lost or stolen cash, including:
If your money is lost or stolen while you’re on holiday, take the following steps:
The following tips can help keep you safe and organised so you can minimise the chances of losing your money when travelling abroad:
Finding affordable cover for your cash and everything else you need is easier when you compare travel insurance quotes with MoneySuperMarket. All you need to do is tell us a little about yourself, the cover you need and a few details about your holiday – including where you’re going, with whom you’re travelling and what you’ll be getting up to.
We’ll show you a list of quotes tailored to your exact requirements, so you can compare deals by the overall cost of the policy, the level of cover you’ll get and the excess payment required to make a claim. Once you’ve found the one you want, just click through to the provider to finalise your purchase.
As with all insurance products, the cheapest available deal isn’t always the best suited to you. We recommend aiming for a balance between cost and coverage, so you get the right policy at the right price and avoid over- or under-insuring yourself.