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Old 07-20-2005, 08:50 AM   #1
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Insurance

Couple of questions..

1. If you lose/have your travellers cheques stolen, do you have to have travel insurance to get compensation?

2. How much is travel insurance for one person, and do you have to have it?

3. How much is the conversion charge when changing currency?

Answers don't have to be exact, it's just to get some idea. Thanks.
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Old 07-20-2005, 10:06 AM   #2
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Re: Insurance

Quote:
Originally Posted by SuiSamurai
Couple of questions..

1. If you lose/have your travellers cheques stolen, do you have to have travel insurance to get compensation?

2. How much is travel insurance for one person, and do you have to have it?

3. How much is the conversion charge when changing currency?

Answers don't have to be exact, it's just to get some idea. Thanks.
1. It is my understanding (but check with the traveller's check issuer) that you do not need traveller's insurance to claim lost/stolen checks. They are by default insured by the issuer.

2. I don't know... what kind of insurance are you looking for? Health insurance while you are traveling, property theft, etc...

3. These charges vary from country-to-country and also from place-to-place inside each city. Often the travel guides will tell you who has the best exchange rates in each city. You may want to also use an ATM card. By doing this your bank gets a very good exchange rate that is often better then you can get by going to a storefront that's business is money exchange...
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Old 07-20-2005, 10:10 AM   #3
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Re: Insurance

Yeah I know it will vary but I just wanted an idea, I'm going to be changing £1000 to euro's, is it just going to be a few quid or quite a bit..?
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Old 07-26-2005, 10:55 AM   #4
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Re: Insurance

I would expect up to a 5-10% difference from the best rates (via your ATM card) to the very convenient places giving lower rates and charging a fee. I have repeatedly herd that your bank and ATM card will give you the best rates. That is of course you can find an ATM when you need one.
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Originally Posted by SuiSamurai
Yeah I know it will vary but I just wanted an idea, I'm going to be changing £1000 to euro's, is it just going to be a few quid or quite a bit..?
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