Price is not the only travel insurance consideration
06 April 2009 07:03
Although people seem willing to travel in spite of the recession, many are failing to give enough attention to their travel insurance, it has been claimed.
According to RIAS, which provides travel insurance for over 65s, people often make snap decisions when purchasing a policy based solely on price.
The insurer urged holidaymakers to consider that the lowest premium is not always the best for them; it explained that you get what you pay for and with cut-price policies that's not much.
Janet Connor, managing director of RIAS, suggested that holiday insurance is an "essential purchase" that should be considered as vital to travel as visas or vaccinations.
"When buying insurance consumers should think of a policy as something they need to tailor, rather than buying a one-size-fits-all product," she said.
"It is essential to be familiar with the terms of the policy in order to know exactly what cover you are getting for your money."
Recently, the Air Transport Users Council reported that over 42 million bags are mishandled worldwide every year - a factor that suggests how vital travel insurance can be.