Could travel to Egypt invalidate your holiday insurance?

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Experts are warning that in some cases, travelling to Egypt following the recent unrest in the country could invalidate some holiday insurance policies.

After the Foreign and Commonwealth Office’s issued a warning to tourists to not visit specific areas affected by the protests such as Cairo, Suez and Luxor, failure to heed this official warning by visiting these trouble spots could in many cases, invalidate your holiday insurance, which means you could be left with a hefty medical bill should you become ill or injured during your trip.

The coastal regions of Egypt are said to operating as normal and are largely unaffected by the political unrest in the country. But despite this, insurance experts are warning travellers to Egypt to contact their travel insurance provider before leaving the country to ensure their cover still stands if they choose to visit the country during the coming weeks.

Resorts on the Red Sea such as Sharm-el-Sheikh are thought to be relatively unaffected by the riots as the government say there is considerable distance between these coastal regions, and the cities and towns where the protests have been at their most ferocious.

Are you visiting Egypt in the next few weeks or just arrived back from a break on the Red Sea? If so, let us know your thoughts and experiences on travel to Egypt in the comments box below.

New travel insurance cover launched by AXA

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AXA Insurance has launched a new direct insurance policy which will offer comprehensive flexible cover for Brits planning their summer break.

The leading insurance company believes that British holidaymakers are at real risk of travelling abroad without adequate insurance, with AXA estimating that as many as nine out of ten travellers may be heading abroad with inadequate insurance cover, or worse, no cover at all.

It’s estimated that 7 million UK holidaymakers will book their summer holidays over the coming month, and so AXA have chosen to launch their new travel insurance policy now to coincide with the busiest time of the year for holiday bookings.

AXA believe that a combination of consumer ignorance, and the inability of the insurance industry to offer relevant products has led to the problem of holidaymakers travelling to foreign destinations without adequate travel insurance.

According to a poll run by AXA, 19% holidaymakers now say they are more likely to consider travel insurance. High profile incidents such as the ash cloud problem, swine flu, and airline strikes have promoted travel insurance to become a priority for travellers, something which the insurance industry welcomes.

The new travel insurance policy from AXA is only available directly through the company, and offers 3 levels of cover from single trips, to annual multi-trips, plus individual age and health rated cover, and also the added bonus of new travel disruption insurance. Please visit AXA for more information on their new travel insurance cover.

Failing to take out travel insurance could be a false economy

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According to a recent survey, a high number of Brits are ditching the sunny summer holiday abroad in favour of a staycation as the budget cuts have left people with less money to splash on holidays. However a large proportion of those who are venturing aboard say they are considering cutting back on travel insurance as a way to save money, something which experts warn could be a false economy should they encounter difficulties during their trip.

AA Insurance found that 21% of British people have decided against leaving the UK for their annual holiday this year with 40% of those reporting that they simply can’t afford it, or that the downturn has forced them to reconsider their plans for a foreign holiday.

47% of those questioned as part of the survey said that the economic situation had affected their travel plans and that they will be looking at their budget more closely while deciding where to take their holiday this year. One way many of these travellers say they may try to save money is by not taking out holiday insurance.

However experts are warning that this could be a false economy as the cost of medical bills in a foreign country, even within the European Union, could set Brits back by thousands if they are not covered.

With many price comparison website offering holidaymakers the chance to compare the cost of travel insurance cover with a wide range of providers, it’s never been easier to find a great deal on holiday insurance, so there’s no excuse for holidaying without adequate cover.

Post Office wins Best Travel Insurance Provider for 5th year running

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The Post Office has been named the Best Travel Insurance Provider for the fifth consecutive year at the prestigious British Travel Awards.

The British Travel Awards are voted for by consumers and are highly regarded with the travel industry as they set an extremely high benchmark for quality.

As well as walking away with the gong for best travel insurance, the Post Office were also crowned the Best foreign Exchange Provider at the annual BTA’s this year, marking the fourth consecutive year they’ve won this award.

A spokesperson for the Post Office said the company is extremely pleased that their customers have continued to believe in them and use their services following what has been a very difficult year for the travel industry.

The Post Office issues almost 1 million travel insurance policies every year. The Post Office have also introduced a new tiered travel insurance option which allows customers to choose a level of cover to suit their needs according needs and also financial situation by offering 3 different price brackets for travel insurance.

The Post office also boasts a good track record when it comes to its claims procedures with all travel insurance claims being dealt with and settled, generally within five days.

The importance of getting travel insurance to cover pre-existing conditions highlighted

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A grandmother from Liverpool has been left stranded in a Mexico hospital with spiralling medical costs after suffering medical problems linked to a pre-existing medical condition.

67-year-old Val King had taken out travel insurance with HSBC, however this insurance did not cover her for her pre-existing medical condition of angina. After failing to take out an alternative policy to cover this issue, Mrs King and her family are now facing a bill of thousands of pounds to cover the cost of an air ambulance home and medical treatment while abroad.

HSBC say they advised Mrs King of the exclusion on her insurance policy, and recommended she get in touch with the British Heart Foundation for advice on the best travel insurance policy to cover her heart condition.

However Mrs King didn’t take out an alternative policy, and after falling ill with her angina condition while on an American cruise with her husband, she’s now facing the prospect of being flown by air ambulance at the cost of £62,000.

As well as the hefty price of specialist transport back to the UK, the King family also have a hospital bill of $126,000 which is rising by $3,500 daily.

This unfortunate incident certainly highlights the importance of ensuring you have adequate travel insurance, which is tailored to cover any pre-existing medical conditions or specific requirements you may have, before embarking on a trip abroad.

1 in 5 UK holidaymakers fail to take out travel insurance

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The travel association ABTA recently revealed that almost 1 in 5 British holidaymakers fail to take out any form of travel insurance before embarking on a trip abroad.

The study also revealed some worrying misconceptions about travel cover, with 1 in 6 people, 16% of those questioned, wrongly believing that the government would pick up the cost of any medical assistance needed while abroad. This figure is even higher with travellers in the younger age bracket with 26% of those aged between 15-26 years believing that the Foreign Office would pay for emergency medical treatment needed while abroad, which is completely false.

However the number of consumers who don’t take out cover while holidaying in the UK is even higher, standing at 55%.

The reason many Brits abroad fail to take out travel cover is that 17% don’t consider it to be important. As well as covering medical expenses, some travel insurance also protects against cancellations in the case of redundancy which is especially important in the current economic climate insurance experts warn.

The results of the survey were revealed at ABTA’s convention at Malta. The findings of the study also showed that 12% of UK travellers have made a claim on their travel insurance policy in the last 5 years, 3% of those said their claim was for more than £500.

Tesco Bank set to launch travel insurance after striking a deal with Fortis UK

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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.

Family travel insurance for £5 a month with Sainsbury’s credit card

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There’s good news on the travel insurance front for families who like to get away frequently. Moneysavingexpert have unveiled a loophole in the Sainsbury’s Gold Card which offers worldwide family cover all year round for £5 a month.

The travel insurance offered via the gold card includes cover for two adults aged under 65 years, plus it covers 6 children, and 17 days of winter sports activities are also included in the price.

The cover costs just £5 a month, which works out at £60 a year, with the option to cancel at any time. The insurance starts immediately so there’re no exclusions for new gold card customers. However, you should be a cardholder at the time of booking your holiday for cancellation cover to be valid.

If families sign up to the card when booking their holiday and cancel it upon their return, in a best case scenario you will have received full travel insurance for just £5. However if you only take a holiday once a year, and pay £5 a month for a full 12 months, then you don’t get such as good deal.

Other added benefits for travellers with the Sainsbury gold credit card include no fees for spending on it while abroad, and also extra nectar point can be collected on purchases made using the gold card.

Balcony fall victim’s insurance policy was inadequate

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A 27-year-old newlywed was faced with a bill for £16,000 to have a private air ambulance transport her back to the UK after she plunged 30ft from a hotel balcony.

Carrie-Anne Dudbridge and her new husband Michael were on their honeymoon in Corfu when the horrendous accident, which left bride Carrie-Anne with a fractured spine in three places, took place.

The couple hadn’t taken out a travel insurance policy as they were under the impression that their European Health Insurance cards (EHIC) were adequate cover for their honeymoon trip to the Greek island.

Although the EHIC does cover holders for medical costs incurred, it doesn’t go as far as to cover the cost of air ambulance transport back to the UK should you have the misfortune to become seriously ill while abroad, or suffer a severe accident such as in the case of Carrie-Anne.

Desperate to get his new wife back to the UK, Michael Dudbridge called on the generosity of the couple’s family and friends who were able to club together to raise the £16,000 needed to pay for the private air ambulance in order for Carrie-Anne to be repatriated to Britain.

Luckily the couple were able to raise the money needed, and the newlywed was flown home by private air ambulance and is now said to be recovering in a London hospital.

Ash cloud chaos prompts more holidaymakers to consider travel insurance

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According to recent research from gocompare.com more holidaymakers than ever this summer are looking into travel insurance options before leaving the country.

It’s believed the high profile ash cloud disaster which caused travel chaos earlier this year after flights in and out of the UK were grounded because of the threat of the volcanic ash, and the highly publicised BA industrial strikes, have prompted travellers to invest in travel insurance to safeguard against any of these problems.

Many insurers are now offering policy add-ons, known as Travel Extension Disruption, so as to cover for issues which could arise as a result of any ash cloud problems due to the increased demand in this kind of cover from holidaymakers.

The study found that 1 in 5 British travellers are now checking the finer details of their travel insurance policies before setting off on holiday to clarify what they are, and aren’t covered for. Plus, 7% say they are prepared to pay more for better cover.

It’s estimated that 90% of British holidaymakers this year will take out some kind of travel insurance policy, while 60% of those will turn to a price comparison website to shop around for a low cost deal on cover.

The survey revealed that a worrying 1 in 10 tourists are still taking unnecessary risks by travelling abroad without taking out any kind of insurance policy.