Travel insurance is something everyone needs when they go on holiday, but this still leaves you with the question of how much you actually need. Like with any type of insurance, you have options when travelling about what type of situations and concerns you’re insured against, so you could choose a very basic package which will help you in the event that you lose all of your money and no longer have a way to return home, with any additional coverage increasing the price.
Our research shows that it is possible to find a travel insurance package for around £5, providing you aren’t interested in a lot of coverage. If you want to have all of your property insured up to its real value, then this will probably increase your cost significantly, as would things like overseas health insurance and legal coverage.