Brits given travel insurance advice
18 May 2009 08:05
An online provider of personal finance advice has given British consumers ten tips to reduce their travel insurance spending.
In an article published on Moneywise, holiday-makers have been given guidelines to reduce their insurance budgets, in a time when more then five million Brits are considering cancelling their existing policies.
Consumers were advised to conduct extensive research, as providers tend to offer more competitive prices to new customers, and read the small print of their policy to ensure that it has the cover they require.
This warning was also issued by the Association of British Insurers last week, which emphasised the importance of checking the amount of cover offered by insurance premiums before in light of the recent outbreak of swine flu in Mexico.
In addition, the article suggested that frequent travellers should consider purchasing annual travel insurance, which will provide medical cover and compensation for stolen luggage and flight delays for multiple trips.