The True Cost of Free Travel Insurance
Saturday, Sep 12,2009, 11:02:05 AM Click:
Research by Post Office Travel Insurance reveals that 46 per cent of people are looking for ways to reduce the cost of their holiday, and travel insurance (http://www.postoffice.co.uk/portal/po/jump1?catId=63300708&mediaId=19300208) is just one of the ways they're looking to cut back. Some consumers may be tempted to rely on freetravel insurance (http://www.postoffice.co.uk/portal/po/jump1?catId=63300708&mediaId=19300208) that comes with their credit cards. However, Post Office Travel Insurance urges holidaymakers to fully understand what free credit card travel insurance actually covers them for.
Whilst some credit card providers offer comprehensive travel insurance to their cardholders, the majority provide a very different free travel insurance policy known as "travel accident insurance". Many holidaymakers are under the mistaken belief that the travel accident insurance will provide the same cover as a traditional travel insurance policy, yet this is not the case.
More often than not, credit card travel accident insurance will not cover the traveller before they travel to or when they arrive at their destination - meaning they will be unable to claim compensation for cancellation, travel delay, missed departure and lost or stolen possessions. Furthermore, such policies are likely to include only very limited personal accident insurance, which means travellers could be hit by costly medical expenses if they are struck by illness whilst away.
Post Office Travel Insurance is therefore warning travellers that it is imperative that they are fully aware of the terms of their credit card travel insurance policy, and that they take out additional travel insurance if they are in any doubt about level of cover.
You may also be interested in:
- NTT DATA Cranks up Investments in Shanghai Synergy Software
- Ohio Regulators Place State's Only Physician-Owned Health Insurer Into Liquidation
- AG finds herself on 2 sides of a dispute
- Enhanced Electronic Initiatives for Insurance Producers
- INDONESIA'S PANIN LIFE POSTS US$38 MLN Q1 GROSS PREMIUM INCOME
Featured
Coalition Says Public Health Option Would Lead to
The current debate over health care reform has spawned town hall meetings all
Rell pushes for $9M loan to keep GenRe in Conn.
Gov. M. Jodi Rell is optimistic that the state Bond Commission will act swiftly
Colo. House panel approves takeover of insurer
Copyright: The Associated Press. All rights reserved. May This material may not
FDIC Approves the Payout of Insured Deposits of
FDIC Approves the Payout of Insured Deposits of Platinum Community Bank,
The Hartford Raises $900 Million
Hartford Financial Services Group Inc., an insurer that received a $3.4 billion
Research and Markets: private health care in Central
Copyright: Business Wire Source: Business Wire Wordcount: DUBLIN--(BUSINESS
American hourly earnings Equity Release, Conference
WEST DES MOINES, Iowa--(BUSINESS WIRE)-- American Equity Investment Life
MOST POPULAR
- Most Read
- Most Discussed
- Most Emailed
- AmeriChoice by UnitedHealthcare and Connecticut Children's M
- Dialysis cruises let kidney patients travel
- Mayor Bertrand Delanoe's urban Paris beach is copied the world over
- Morairaway.com: the victims
- Iran committee names state firms, agencies to be moved out of Tehran
- Nottingham brings the beach to locals with riviera development
- Taxi war looms at Heathrow over minicab plan
- The best last minute travel deals and bargains
- Morairaway.com travel scam: Holiday-Rentals pays out to victims
- Q&A: the morairaway.com villa 'swindle'
-
Mayor Bertrand Delanoe's urban Paris beach is copied the world over -
Directions -
Pain relief - cut your health insurance bill -
Tourists shun the sun for a cheaper UK -
British Airways to end four Gatwick services and switch five to Heathrow -
Channel Island visitors need travel insurance -
Manulife Financial acquires Pottruff & Smith Travel Insurance Brokers -
Leading Insurance Broker RCM & D collaboration deploys P


Discuss this news
Click Here to see all comments