Call for an instant quote 0345 90 80 161
Open Mon to Fri 09:00 - 17:30 | Sat 09:00 - 16:00 (GMT)
28 January 2016 08:11
Cancelled flights can be covered by travel insurance
Travel insurance policies paid out to the vast majority of claimants in 2013 and 2014, newly published figures show.
And the Association of British Insurers (ABI) says for those successfully making a claim on their travel insurance, the typical payout was £884.
Its figures show that 87% of those who claimed on a travel cover policy received a payout over the two-year period.
The ABI has carried out the analysis to help customers understand what their policies cover them for, in the hope that this will result in an even higher number of successful claims.
Among travellers who were unsuccessful, failing to declare a pre-existing medical condition that resulted in the claim being made was one of the commonest mistakes made.
Holidaymakers could avoid that happening to them by taking out a specialised pre-existing medical conditions travel insurance policy.
Other common reasons for claims being declined include people being unable to provide evidence for the loss of items, cancellations not falling within the scope of their cover, and claims not being above the policy's excess.
The research forms part of the association's bid to make the industry more transparent and increase the public's trust in insurance companies. The move was announced by its chairman, Paul Evans, at the ABI's conference last autumn.
The ABI's director general, Huw Evans, says firms want their customers to be confident that their claims will result in payouts in their hour of need.
That, he adds, can only be achieved if the industry tells people how many claims are successful and why those that are not fail.
Mr Evans says the association will be using its analysis of the figures to run awareness campaigns aimed at further improving payout rates.
The ABI figures also show that in the motor insurance sector, all but 1% of claims were successful during 2013 and 2014, with the payouts averaging more than £2,100.
14 July 2018
Too many passengers heading abroad this summer will be travelling without adequate protection for when an airline goes bust, a new study has shown.
[more...]
13 July 2018
The mother of Bradley Lowery has welcomed the news that a drug used to help treat her son will soon be made available for other patients on the NHS.
12 July 2018
British GPs have prevented thousands of strokes after learning how to better identify and treat a common heart condition, research has shown.
11 July 2018
London City Airport is considering lodging an application to increase flight and passenger numbers, its boss has revealed.
10 July 2018
Captain Harry Kane is leading England's unexpected bid for glory, and is hoping to inspire the next generation of footballers by going all the way in Russia.
07 July 2018
Experts have warned that a lack of rigorous testing of skin cancer detection apps is putting the public at risk.
06 July 2018
Easyjet has added to worries that travellers are set for a summer of chaos, revealing that nearly 1,300 flights were cancelled last month.
05 July 2018
Soaring temperatures across the UK have led to a surge of asthma sufferers calling a dedicated asthma helpline, a charity has revealed.
04 July 2018
Strikes across Europe led Ryanair to cancel over 1,000 flights in June, the budget airline has revealed.
03 July 2018
Sarcoma cancer is "more common than previously thought" with 15 people in the UK diagnosed with the illness every day, a charity has warned.
30 June 2018
The UK is set to scorch this weekend as the heatwave continues and temperatures stay well in the 30s.
29 June 2018
Passengers travelling to Heathrow this summer could continue to face lengthy queues, a top Home Office official has warned.