Holidaymakers urged to take out appropriate insurance

By Tom Farley, Wed 18 Jan 2012 - Published in Travel Insurance

Holidaymakers are being advised to take out appropriate travel insurance when they set off on their getaways over the summer.

Financial research company Defaqto is warning that before any money is committed to the holiday a suitable protection policy should be in place in the unlikely event that the travel arrangements need to be changed or cancelled.

Analysts at the company have said that the level of cover can differ in various insurance policies with some companies not protecting against cancellations or alterations.

Defaqto's data found that seven per cent of policies would provide Ł1,000 or less towards the cost of the holiday should it need to be cancelled while only one per cent would reimburse the entire trip.

Mike Powell, the company's insight analyst for general insurance, said: "To ensure they get the right type and level of cover to protect their holiday, people need to focus first and foremost on pinpointing the features they need from a travel insurance policy."

Elsewhere, research from MORE TH>N found that 47 per cent of Brits booking a winter holiday would ban "speed skiing" on resort slopes deeming it "too dangerous".

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