The Uncovered Truth About Travel Insurance
THE advent of cheap-as-chips flights (as long as you book six years in advance) and low budget hotel deals have allowed a whole generation of Britons to travel to exotic destinations across the world, something they wouldn’t have been able to do 20 years ago.
However, while the price of travel insurance has also followed suit, many travellers embark on their holidays with as little practical cover as Dawn French in a string bikini.
Research group Defaqto found that while some policies are now available for as little as a fiver, many fail to provide adequate cover.
Brian Brown, the report’s author, warns, “Before you sign up to a cheap policy, consider whether the insurer would actually be able to pay any claim.” He is also critical of insurance policies which set “single item” limits sometimes as low as £150. Says he: “If you lose a £400 camera you only get £150. After paying the excess, you might end up with just £75.”
The report commends Boots, Churchill Insurance, Direct Travel and Norwich Union for their good value while the Post Office also gets the thumbs up, despite its higher prices.
Or you can follow the lead of 10 million other Britons and not bother to get any travel insurance at all. Sure you’ll be fine. Honest.
Posted: 24th, May 2007 | In: Money Comment | TrackBack | Permalink
