Travellers are being urged to check the small print of their insurance policies.
A new survey from Age Concern Insurance Services reveals that 75% of British holidaymakers don’t check the terms and conditions when purchasing travel insurance and 56% fail to buy cover.
Travellers who assume they are covered for cancellation or curtailment of their holiday, travel delay, loss of personal luggage, medical expenses and personal liability can find themselves in expensive and traumatic situations abroad.
Age Concern is urging everyone going overseas this summer to make sure they read the terms and conditions of their travel insurance policies to ensure that they don’t end up out of pocket should the worst occur.
Antony Osborne from Age Concern Insurance Services says: “Our research shows just how many people don’t think to check the details of their travel policy before going on holiday and highlights the very good reasons why everyone should do so. Having comprehensive travel cover is so important for holidaymakers - it provides financial security in case the holiday doesn’t go to plan for whatever reason.”
Age Concern’s top tips when booking your travel insurance:
Travel insurance is sold at varying levels. Check carefully to see exactly what you’re covered for, a good insurance policy will cover you for cancelling or cutting a trip short.
Check whether your insurance covers any activities you're planning and also what the maximum age is under the terms of the policy. Many companies only cover those under 65.
Cheaper policies will usually have less cover – for some the price seems most important, but is it worth the initial saving?
Consider annual multi-trip insurance if you make several trips a year – you could save time and money.
Ensure your policy will refund the full cost of your holiday and pay out if you need to cancel or cut short a trip because you fall ill. Check the cover includes, for example, pre-paid expenses such as excursions and extra costs incurred to get home.
Travel insurance: News update: June 2008