Thomas Cook offers free insurance on travel money

Thomas Cook offers free insurance on travel money

With summer well and truly here, many thousands of holidaymakers are preparing themselves for their annual holiday abroad. However, with many leaving it until just a week before departure to change their pounds for foreign currency according to Thomas Cook research, customers will be looking for a fast and easy way of not only getting great rates on their foreign exchange – but also keeping it safe.

With that in mind, Thomas Cook is offering customers free insurance on travel money in recognition that existing insurance policies may not cover foreign exchange in the event of loss or theft. The only high street foreign exchange provider to do this, Thomas Cook’s free insurance cover is exclusively available in retail outlets, and is good for new purchases of foreign currency notes from £500 up to a maximum value of £2,000. It will apply from the date of purchase to the date of return to the UK, or for 31 days – whichever is less**.

For holidaymakers unsure how much foreign currency they might need, Thomas Cook recently launched a Holiday Budget Calculator hosted on thomascook.com. The Calculator aims to help holidaymakers gauge how much foreign exchange they might need in advance through calculating the real cost of holiday essentials abroad. The service, which is powered by data collected and compiled overseas and in resort by the Thomas Cook Travel Money team, calculates totals by using the average cost of selected holiday essentials in a variety of popular tourist destinations, such as a bottle of beer, glass of wine or a three course meal.