Holidaymakers 'unsure about details of holiday insurance policies'
Published On 31 January 2008
Over five million people in the UK do not know what should be covered by a standard holiday insurance policy, a new report has warned.Research from MoneyExpert.com found that one in eight people have no idea what to expect in a standard travel insurance policy.
The company added that not knowing the details of insurance cover could mean holidaymakers lose out when they need to claim.
Consumers were unaware of such details as the amount of medical cover they are entitled to and whether they are insured or not if they lose their passport.
Sean Gardner, chief executive of MoneyExpert.com, explained: "With people travelling to increasingly exotic destinations and keen to do ever more adventurous activities while abroad, it's a worry that many don't understand what they'll be covered for.
"Obviously a white water rafting holiday poses more of a risk than a beach holiday in Spain so it's vital that people consider exactly what activities they're going to be doing, and then choose their policy accordingly."
Recently, the STA said that people needed to be aware that there is more risk involved with adventure holidays or long-haul trips, which meant that holiday insurance premiums would be higher for these people.
