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Daily Insurance Industry News
Friday 19th of January 2018
April 26, 2011

ABI launches travel insurance guide

by Gill Montia

Story link: ABI launches travel insurance guide

The Association of British Insurers (ABI) has launched a consumer guide to travel insurance that aims to clarify what is commonly covered in standard policies, and what may not be covered.

According to the ABI, 15 million Britons are likely to go on holiday abroad this year and while most will have trouble free trips, disaster can strike in the form of medical expenses, cancellation of flights, and lost baggage, if appropriate travel insurance is not in place.

The Association’s director of general insurance and health, Nick Starling, says: “Some travellers do not see purchasing travel insurance as a necessity, or, when they come to purchase it they are confused by the different policies on offer.”

He adds: “Hopefully when consumers plan their next trip abroad this guide will help them choose the right policy.”

The ABI’s top three tips on purchasing travel insurance are:

The cheapest policy is not always the best as they often provide the least cover.

Travellers must ensure they disclose their medical conditions to insurers so they can confirm if their policy will cover any emergency treatment they may need abroad, or whether a tailored policy would be better suited to their needs.

Travellers should still take necessary precautions to remain safe … drink or drug-related incidents and leaving possessions unattended, particularly valuable items, could invalidate a claim.

 

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