Travel insurance customers who opt for a cheap policy may be exposing themselves to inadequate cover, suggested an industry expert.
Sean Tipton, a spokesperson for ABTA, highlighted the importance of investing in Travel insurance that took into consideration individual needs and was aimed at providing customers proper holiday mishap cover as well as peace of mind.
He stressed the importance of taking out an insurance policy before travelling due to the unpredictability of travel nowadays. Mr Tipton mentioned the recent volcanic eruptions in Iceland and the subsequent travel chaos as evidence of the uncertainty that travellers may face when embarking on a business journey or a leisure trip.
He also advised Travel insurance buyers to take the time out to understand all the clauses and factors of their policies. A simple, straightforward approach was the ideal way to pick up a product.
Customers should also make sure that they discuss any pre-existing health issues with their insurance brokers as failure to mention these may have a significant impact on the way that a policy is applicable.
He explained: "If you, or anybody in your party, has a pre-existing medical condition [make sure] that you discuss that with your travel agent or the insurance company when you purchase the policy as this may affect your cover."
His comments follow in the wake of recent findings from Which? indicating that more than 50 per cent of travel agents questioned often missed out on mentioning important policy details to customers. Some also failed to ask customers about their health issues that were of vital consideration when buying an insurance policy.
Further research by Essential Travel has proved that big brands such as Barclays, the Post Office and American Express were over-charging travellers by as much as 50 per cent more than the current market rates. |
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