Defaqto on annual trip travel insurance gap

by Gill Montia

Story link: Defaqto on annual trip travel insurance gap

With the summer holiday season approaching, Defaqto is alerting parents to the fact that only 50% of all annual trip travel insurance policies cover children named under the policy, if they travel independently of their parents.

According to the financial research company, a child may be named as an insured person but may need to be accompanied by a relative, guardian or person with a legal duty of care, in order to be covered.

In addition, 7% of annual trip policies do not allow for independent travel at all.

Defaqto’s insight analyst for general insurance, Mike Powell, comments: “Although in many cases families will travel together, there are likely to be many children, and indeed adults, that are planning to either travel without their families or meet up with their families at a later point.”

He adds: “It is essential to check the policy wording to ensure that the cover meets your needs and, if there is any doubt, to speak to your provider.”