Holidaymakers are failing to get travel insurance all too often, which could land them with serious financial repercussions, according to a former Wish You Were Here presenter.
Backpacking travel insurance holders ‘most at risk from problems’
September 30, 2010 By
Backpackers and travel insurance policyholders on gap years are most at risk of encountering problems while abroad, it has been suggested.
Many breakdown insurance policies don’t cover misfuelling
September 30, 2010 By Leave a Comment
New research has revealed that as many as 23% of breakdown policies in the UK don’t cover accidental misfuelling. On top of this a further 14% of motor insurance policies don’t cover motorists if they run out of fuel while out on the road.
Filling a car with the wrong type of fuel can have many costly consequences. Not only will the driver have to fork out for repairs to the car, but in most cases they’ll also have to pay to have the vehicle towed to a garage to have the damage repaired.
The failure to cover misfuelling is particularly worrying as the problem occurs fairly regularly with 100,000 incidents of the wrong fuel being put in cars in the UK last year alone.
New drivers are particularly at risk of accidentally filling their cars with the wrong kind of fuel as they are less familiar with their vehicle and also the colour coded petrol pump system. For this reason, experts are advising that new drivers ensure they are covered for misfuelling by their breakdown insurer in case the worst does happen.
The statistics were presented by independent research group Defaqto who also found that some motor insurance providers are charging drivers up to £85 to cancel their policies early.
Cameras "facilitate careless driving"
September 29, 2010 By
Car insurance customers may have been put at risk by the switch to automated road policing systems, such as speed cameras, road safety reports have suggested.
Check charges to make changes on car insurance policies
September 29, 2010 By
Motorists are being warned that making a small change to their car insurance policy could cost as much as £55.
Tesco Bank set to launch travel insurance after striking a deal with Fortis UK
September 29, 2010 By Leave a Comment
It’s been revealed that Tesco Bank will soon be offering its customers travel insurance after it signed a lucrative deal thought to be worth £59 million with Fortis UK.
The news comes a year after the two companies united to offer motor and household insurance. It seems this venture has been a success for both parties, and so Tesco Bank and Fortis UK are planning a similar deal with a view to providing customers with travel insurance.
The agreement is believed to be for 5 years and worth £59 million. The new deal will see Fortis UK take on 30 new employees expected to be based at the company’s branch in Stoke-on-Trent.
The head of the Tesco Bank, Benny Higgins, says they aim to offer a “straightforward product” to their 170,000 customers which is also “good value.” Mr Higgins added that the partnership with Fortis UK was a great match for Tesco Bank as they have a proven track record for good customer service and also excellent product development.
Tesco Bank was launched back in 1997 and is now the largest supermarket bank in the UK with 6 million customers. The bank became independent of its partner The Royal Bank of Scotland last year.
No details have been released as to the kind of travel insurance policies we can expect from the new partnership.
Car insurance for car free day
September 28, 2010 By
Car insurance customers in York are to leave the motor at home again tomorrow (September 29th) as the city hosts its second Car Free Day.
More car insurance policies ‘offer child seat cover’
September 28, 2010 By
More car insurance policies are offering cover for child seats, a new survey has revealed.
Prang-and-runs threaten car insurance
September 28, 2010 By
Motorists who hit a parked car and flee the scene of the crime before its owners arrive are costing blameless drivers in the UK £169 million per year, as well as impacting on their car insurance.
Research reveals 4% of UK motorists are uninsured
September 28, 2010 By Leave a Comment
New research has revealed that 4% of UK motorists currently driving on roads in Britain have no insurance whatsoever.
The research was carried out by the Motor Insurance Bureau (MIB) who found that 1.5 million cars on UK roads are not insured. The upshot is that £30 is added to the cost of each honest driver’s policy to cover the cost of uninsured drivers involved in road accidents.
However the MIB did uncover some encouraging news as well as it found that the number of uninsured drivers has actually decreased from 5% to 4% in the space of 12 months.
Experts believe the drop in the number of illegal motorists in the UK may have been caused by the police crack downs which have been taking place across the country to uncover uninsured drivers.
With the use of the Motor Insurance Database it’s becoming more and more difficult for illegal drivers to hide as police are able to enter a suspect car registration number into the system, and find out instantly whether the vehicle has adequate insurance.
Some insurance specialists have recommended that car owners check their own details on the Motor Insurance Database to ensure their information is correct so as to avoid being singled out for investigation unnecessarily.
