7 key tips to keep in mind when buying travel insurance

If you're thinking about booking a trip abroad then, in these times of folding airlines and disappearing travel companies, you'll need the peace of mind insurance brings.

Keep these tips in mind before you part with your cash and you won't go wrong:

1. Before buying travel insurance through your airline or tour operator check that you can't get a better deal from a specialist offering a higher level of cover for less money.
2. If you go abroad more than once a year annual insurance may be a better option than a single trip policy.
3. Make sure your policy includes at least £1 million worth of medical cover in Europe (£2 million outside Europe), and personal liability of at least £1 million.
4. Check that there's a 24-hour emergency helpline.
5. Declare any existing medical conditions or risk invalidating your cover when you need it most.
6. Make sure your cancellation and curtailment cover are enough to reimburse you for the cost of your holiday.
7. Check the small print for exclusion clauses and excess amounts.