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Brits may be overpaying for travel cover

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Written by:
19/04/2006

British travellers could be paying more for insurance by taking out single trip policies, rather than annual cover.

UK holiday-makers take over 60 million trips abroad each year, yet three out of four still buy single trip insurance, often from a tour operator. This is costing consumers £330 million, according to insurer, More Than.

Graham Hollebon, head of product at More Than, said: “Travel insurance can make an unfortunate situation more bearable — and a lot less stressful. Anyone planning more than two trips away each year should consider purchasing annual cover, which will save both time and money.”

The insurer has also urged holiday-makers to shop around for insurance, not just accept the deal offered by their tour operator or travel agent. It said direct providers may be able to provide equally good cover at a cheaper price.

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