You are here: Home - Insurance - News -

Consumers urged to shop around for travel insurance

0
Written by:
10/07/2006

Consumers getting a good deal on a package holiday could find themselves stung by expensive insurance, according to Moneysupermarket.com.

Increasing online competition has lead to cheaper flights and holiday deals, meaning travel agents have had to drive down their prices. However, the price comparison site has warned that agents may attempt to recoup these losses through expensive insurance and other ‘bolt-on’ products.

Richard Mason, director of insurance at moneysupermarket.com, recommended going online to compare policies before purchasing anything. “As a quick rule of thumb, holidaymakers should look to pay around £10 for a single trip to Europe, around £20 for a single trip worldwide and around double that for the equivalent annual cover,” he said. “But don’t let the price be the only determining factor.”

Mason also urged holidaymakers to get insurance for any special activities they might be participating in, such as extreme sports, and for any items that could cost extra, such as an expensive camera. Reading the small print carefully before making a choice should ensure appropriate cover, he added.

Related Posts

Tagged:

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Gap year travellers getting older

UK travellers are taking gap years later in life but a leading insurer has warned that travel insurance should still...

Close