Don't pay twice for holiday insurance

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Tue, 25 Apr 2006

Consumers are being warned not to pay twice for Holiday Insurance because they may already have adequate Home Insurance cover.

Research by the Times suggests that many Travel Insurance providers are not being upfront about personal possession cover – meaning that some holiday makers are paying twice for the same level of protection.

The study discovered that many Holiday Insurance companies did not advise consumers that possessions may already be covered by standard Home Insurance protection and therefore some people spend an additional 15-20 per cent on unnecessary cover.

Many Home Insurance policies offer cover on luggage taken overseas for up to £4,000, with individual cover per item available whilst the majority of Holiday Insurance policies may offer a substantially lower limit.

"It would be good if companies were more upfront, but it seems it is down to customers to be aware of what protection they already have," said Derek Ketteridge, chairman of Ketteridge Group, a major insurance broker.

A statement from the Financial Services Authority, added: "Insurers are expected to assess what cover a customer has. If an adviser thinks a person may already be covered, then they should ask the question."


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Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.