UK Travel Insurance Tips
What to watch out for
Complaints about UK travel insurance rose by 20% last year according
to the UK Financial Ombudsman.
The problem seems to be that too many of us buy travel insurance
without checking the small print to see what is really covered.
They highlighted the following problem areas.
Medical cover which usually offers medical treatment
worth up to £2m and above might sound OK. However if you have
a medical condition, which might be unrelated to the problem while
you were abroad - then you might not be covered. So watch out for
the section on 'pre-existing conditions' in the
Alcohol is the other problem: Insurers can refuse
to pay out if the loss or accident occurred while under the influence.
Loss and theft. You will probably only be refunded
the current value ie the second hand price of a brand new
item that's been lost or stolen.
And if the item is classed as a valuable, the amount you can claim
is probably limited to say £200 - which includes any other
valuables that might have been stolen at the same time.
These type of catches will be commonplace with cheap policies -
but watch out for the expensive ones which play these tricks too.
How to Get Your Best Quote
The best thing you can do is checkout a specialist broker. They
should be able to find you the best prices and also the most appropriate
deals ie where someone has read the small print.
Always get THREE quotes. And don't forget: if you go direct to
an insurance provider they'll only tell you about their own "products".