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Travel insurance - to claim or not to claim

By: Noah Thomas

Travel insurance is an extra that the majority of us purchase, or a least give careful consideration to, in preparation for our holiday. There is clear benefit to having this type of policy and each and every year it saves UK holiday makers millions of pounds that would have otherwise been spent on medical fees, lost or stolen baggage and holiday cancellation, to name but a few.

Even so, a survey carried out by the Post Office highlights - perhaps worryingly - that many of us are neglecting to claim for incidents and mishaps that happen whilst we are on holiday.

According to the survey, over 70% of UK travellers are losing out on an estimated £ 13.5bn in claims that they would be covered under their travel insurance policies.

It seems the biggest reason for this is lack of knowledge, perhaps caused by failure to read through the policy at the time of receiving it. This suggests it really is worth checking beyond the key features of your policy to discover the extra cover you are entitled to.

The survey highlighted the age group most likely to neglect a claim for a holiday mishap as those between 25 and 44 years of age. It is not known why this age group carries a higher risk - perhaps they are the key demographic when it comes to holiday insurance take-up?

Of the incidents that occur on the average holiday a whopping seven out of 10 go unclaimed for despite cover having being taken out for this very purpose. The most common occurrences include flight delays, lost or damaged luggage and personal injury.

When traveling abroad in your car you should ensure you are covered. This may either be included in your car insurance policy or be a feature of your travel insurance policy. A minimum level of third party cover is required in all European community member countries.

If you want to find cheap travel insurance it is best to spend a little time looking round for a quote - the use of a comparison site can speed things up a little. The golden rule when looking for a good deal is to choose your policy depending on features and not just price.

Article Source: http://www.FindAffordableInsurance.com

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