Four million people fail to take out any travel insurance at all, while a third of those who do don't take out enough, new figures have shown.
British holidaymakers travel with an estimated £32 billion
of luggage, yet only one in five are protected by the correct level of travel
insurance, according to research by comparison site MoneySupermarket.
The survey revealed that 4 million people fail to take out
any travel insurance at all. This leaves them at risk of losing their luggage,
as well as offering no protection from medical emergencies. Research showed
that two million Britons have lost their suitcase or had it stolen, or items
from it, in the past.
Of those who did take out insurance, only one in five of
those surveyed had the right level of protection for their belongings. A third
were underinsured, and half, were over-insured.
Bob Atkinson, travel expert at MoneySupermarket, said:
"When taking out a travel insurance policy to ensure your possessions are
covered to an adequate level, you need to bear in mind any single item limits
that might be listed and whether you have anything you intend to take with you
that exceeds that."
Mr Atkinson said consumers should watch out for
potentially expensive items such as mobile phones, cameras, jewellery and
designer clothing, all of which could exceed the set lower limit of a policy.
Therefore a policy which covers expensive individual items
would be more adequate, and it is recommended to be aware of any limits on the
amount of cash covered by the policy.
Excess levels on travel insurance are important to look
out for, to ensure that they are representative of the cover and aren't set too
highly. Paying out a large upfront sum to put in a claim may result in the
claim not being worthwhile in the end.
Mr Atkinson advised consumers to be diligent when buying:
"Scour the small print of the insurance before you buy and remember the
cheapest policy might not the best value for you, so really think about what
you need so you can travel with peace of mind, should your holiday not turn out
quite the way you planned."
Please write your comment on the article "Four in five people travel with wrong insurance" here:
*The editors office has the right to correct your comment orthographically and to abbreviate it.
This site is best viewed with Microsoft Internet Explorer 6.0+, at a minimum screen resolution of 1024 x 768.
Turkey, Thailand, Egypt, Indian Ocean, Germany, airlines, tour operators, travel agencies, hotels, travel law, tourists, tourist, travel warning, destination, Rixos, Gloria Hotels, TUI, Ahmet Barut, Fettah Tamince, Lufthansa, Air Berlin, Ryanair, SunExpress , Pegasus, Pep, RTK, Thomas Cook, FTI, alltours, Antalya, Aspendos, Turkish Prime Minister Recep Tayyip Erdogan, last minute deals, early booking, cruise, food, health tourism, jobs in tourism, job search, the best hotels, Russian tourism, restaurants