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.

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.

Greece unveils travel insurance promise to holidaymakers

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In a bid to attract holidaymakers to its shores, Greece has outlined a travel insurance promise which will offer protection in the form of accommodation should a visitor become stranded in the country.

Following continued industrial action and ash cloud disruption, Greece has taken measures to repair its reputation as a top sunshine holiday destination and encourage people to visit the country.

The Greek government are now issuing a guarantee of extra room and board payments to cover any holidaymaker whose return flight is postponed or cancelled. This policy even covers ash could disruption.

Greece’s Culture Minister made the announcement, adding that he believed Greece would experience a “calm summer” and that the country shouldn’t be affected by any disruption, however the government promise will give peace of mind to those who maybe wary of travelling to Greece.

Since Greece’s financial crisis, holiday bookings have slumped by 10%, and for a country which relies heavily on tourism, this is worrying news. According to the Culture Minister, the situation may not be a dire as first predicted for the summer holiday season, although he did concede some areas have been badly hit, others are doing better than they had done previously.

With the introduction of the new insurance promise, the Greek government hope to reinvigorate holiday travel to the country.

Volcanic ash cloud has changed consumers approach to travel insurance

Volcanic Ash Cloud Iceland

The disruption to air travel caused by the volcanic ash cloud has changed consumers’ approach to travel insurance, new research has suggested.

According to a study conducted by TNS RI Travel and Tourism on behalf of Travel Weekly, one in five holidaymakers would now be more likely to ensure they had the correct travel insurance policy in place so they would be covered should any problems arise.

In addition, 80 per cent of the organisation’s members said that the authorities were correct in closing UK airspace on the grounds of health and safety.

However, a quarter of those questioned stated that the decision to resume flights could have been made quicker.

Tom Costley, head research partner at TNS RI Travel and Tourism, said: “As a one-off event, it was unlikely to have a significant impact on travel patterns for the rest of 2010, with the possible exception of an increase in travel insurance.”

News source: swiftcover.com

Related news story: Aviva launches volcanic ash insurance