Finding a good travel insurance policy can be invaluable, especially when an unexpected event such as a last minute cancellation or loss of luggage upsets or even ruins your dream holiday.
But purchasing an individual policy for each member of the family can be prohibitive in terms of cost, and the time and effort you'll spend sourcing the cover. Choosing a family travel insurance policy ensures that each member of your party is covered – and you’ll only need one policy, instead of four or five.
Who does a family holiday insurance policy suit?
As the name suggests, family travel insurance cover is aimed at families travelling together. A standard family travel insurance policy will cover a party consisting of up to two adults and up to five children (up to the age of 18).
If you travel with your family once or twice per year, a single trip family holiday insurance policy might be the most cost-effective option for arranging comprehensive cover for all of the family.
What does family travel insurance cover?
Family travel insurance can provide the same benefits as a good standard insurance policy, however the level of cover is more suited to the entire family. Make sure you read the small print for any restrictions such as: age, whether the family lives at the same address and whether you are a single parent family.
A solid family insurance deal can offer protection for:
- Possessions – as well as basic items, a family policy might also provide coverage for items like buggies or strollers
- Medical treatment – if someone in your family requires treatment for a pre-existing or emergency medical situation your policy may help with medical costs
- Activities – if your family is planning an adventurous holiday then it can be useful to check if your insurer provides cover for cruises, theme parks, go karting, and other activities
- Disruptions and cancellations – being protected against problems with travel and accommodations can be extra helpful if you’re holidaying with the whole family, as this can be particularly expensive and stressful
- Legal cover – Useful if you need to claim for compensation or damages for something that happened during your holiday
Should I choose single trip or annual family travel insurance?
When you purchase family travel insurance, you can choose to take it out as a single trip policy just before you travel. This will cover you for the duration of that holiday, expiring at the end of the dates you specify (usually a one or two week period), and it’s often the cheapest way to get travel insurance.
However, if you travel three or more times a year with your family, annual travel insurance can be a more economical option. Purchased once a year, annual family travel insurance will cover you for a number of trips within the 12 month period, meaning you can sit back and relax without having to worry about looking for holiday insurance each time you travel.
How much does family travel insurance cost?
The cost of family travel insurance is affected by a number of things, including the size of your family and any details of the family members travelling. The average cost of a family policy covering two adults and two children on a trip to Spain is £13.76. That’s according to the average cost quoted between January and May 2018 on MoneySuperMarket.
The good news is that if you are the only adult travelling with your kids, you can still get family travel insurance, and the cover will likely be cheaper. The average cost of a policy covering one adult and two children travelling to Spain is £8.69.
The most frequent countries covered by family policies, as declared by customers using MoneySuperMarket between January and May 2018
When should I take out family travel insurance?
It’s a good idea to take out travel insurance as soon as you’ve booked your holiday, as if something unexpected happens that means you have to cancel your trip, your policy may be able to compensate you for the money you spent.
For example, you could be forced to cancel your holiday if:
- You become ill or injured and are unable to travel.
- You’re made redundant, and you weren’t aware this might happen until after you booked your trip.
- There is a bereavement in the family.
This can be especially important for family holidays, as the cost of booking travel and accommodation can be more expensive. However not all insurers include a policy for cancellations – you should check the terms of each policy before taking one out to be sure.
Compare family travel insurance
When you’re travelling with family, the peace of mind that comes with good travel insurance is really important – and getting a quote for your family travel insurance is extremely simple.
All you need to do is fill out a few details about your holiday (or holidays) and your family, and you’ll be able to view quotes from a number of leading providers. With no obligation to make a purchase, you’ll be able to view travel insurance policies that fit your family’s needs and also suit your pocket. By comparing quotes from different providers, you can be confident that you will get a great deal for you and your family.
You can tailor the policy to your needs by changing the amount in the key areas of cover - such as baggage and cancellation cover - and you'll quickly find a comprehensive policy at a competitive price.