Sky News reports today that Travel Agents are facing a Government investigation into claims holidaymakers are getting a raw deal on Travel Insurance.
According to the Treasury, despite paying out large sums for insurance, many people find they are not properly covered when they come to make a claim.
Consumer group Which? warned last month that holidaymakers who buy insurance from travel agents as part of a package deal were paying over the odds and could be left with inadequate cover.
To avoid being caught out we do recommend you not only hunt around for a competitively priced policy, but that you also read the detail about the level of cover your ‘bargain’ policy actually provides in the event of you having to make a claim. There are many budget policies available which are so cheap because the scope of what they cover is greatly reduced when compared to those costing a little more. You should also look closely at the ‘excess’ (the amount you have to pay yourself towards any claim).
We recommend you do your research before booking your holiday. If you have already identified the Travel Insurance company you plan to use you can compare the cost and the benefits directly with the single trip travel insurance policy which will probably be offered to you by the travel company when you actually book your holiday. However, if you decline the travel agent’s or tour operator’s insurance do make sure you book your travel insurance immediately after putting down the phone from booking your holiday.
The Travel Insurance comparison on the main TheTravelPage.co.uk site highlighting the cost saving by insuring through Essential Insurance does not use their budget policies as the basis for that comparison. We believe they provide an appropriate level of cover, which is comparable to that offered by the other companies listed.
If you need to book Travel Insurance soon why not look at our comparison and decide for yourself.
You can find more information about the Sky News story on their website.