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81% of packaged current accounts offer travel insurance

Independent financial research company Defaqto has identified 6 different types of travel related benefits offered by packaged current accounts: 

  • 81% provide travel insurance
  • 75% provide worldwide cover
  • 6% offer cover in Europe only
  • 60% offer cover for winter sports
  • 67% provide cover for the family
  • 13% cover the account holder and spouse only
  • 1% cover the account holder only

David Black of Defaqto says, "Packaged current accounts generally offer a variety of benefits and many of these are travel related. However, there are often wide variations in the extent or coverage offered by particular types of benefits offered so it is essential that consumers check that what is offered is appropriate for their own circumstances. For example, does the travel insurance policy just cover Europe or does it provide worldwide cover? Does it just provide cover for the current account holder or does it also cover other family members?”

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81% of packaged current accounts offer travel insurance
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