Banks see travel insurance boost
Consumers seeking travel insurance are increasingly going to their current account providers to find it, according to a new survey from YouGov SixthSense.
Comprehensive travel insurance has recently seen its profile in the public consciousness increase dramatically, due largely to the unprecedented volcanic disruption to airlines and kept in the public eye by industrial action.
Many travellers ended up not being covered for the costs involved with the Icelandic volcano, and consumers are now more careful and aware of the importance of acquiring adequate coverage when travelling.
Statistics reveal that travel insurance is the most likely insurance category to have been cancelled in the last two years, with two-thirds doing so during the recession.
Cost is not the primary cause of cancellation however, with only 23% citing it as the reason compared to 69% who indicated the reason was related to cover.
YouGov SixthSense Research Director James McCoy has explained that recent events have made coverage a key point of interest for travellers.
Category: Insurance News, Travel Insurance News
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