Consumers are still not getting the travel insurance cover they really need

Stolen Wallets, Lost Baggage, Villa Rental Scams, Medical Emergencies, holiday and flight cancellations

Foreign medical claims alone can cost tens of thousands of pounds and the average medical expenses claim paid out last year was over £1200. Yet, one in four travellers still don’t bother to take out travel insurance at all*.
Of those that take out cover, many will opt for the cheapest possible policy, which often means travelling with inadequate cover. If disaster strikes and you want to make a claim, you may have wished you’d taken more notice of the small print.

Research by thatsinsurance.com shows that whilst cost is cited as the main reason by travellers for not buying insurance for their trip, those that do, buy on price alone, without referring to the small print or ensuring they have the right sort of policy for their trip. Over three quarters admitted they purchased blind and didn’t even look at the policy documents or the options available.

Jonathan Upton,Research Director of thatsinsurance.com states that “consumers often use comparison sites, but don’t appreciate they are only seeing a small proportion of what’s actually available online. This is because comparison sites only deal with the companies they earn commission from. Additionally, comparison sites are heavily focused on price, listing cheapest policies first and not necessarily highlighting those that offer better cover”. “It’s also true that just taking the travel insurance option offered by your airline, tour company or even bank, won’t necessarily provide the cover you will need or be best value for money”.

Currently, to ensure the best deal available, consumers spend hours online researching and visiting numerous websites, something that just isn’t practical or cost effective.

It’s a minefield. Some policy documents run to over 50 pages so finding the right travel insurance policy, that not only gives you the cover you need, but also offers the best value for money, takes time and a certain amount of dedication. Don’t forget, you only find out how good an insurance policy is, when you have to make a claim and by then it may be too late.

www.thatsinsurance.com is currently the only website that reviews, ranks and compares every policy offered, from over 160 online insurance providers. This simple to use website is independent of any insurance provider, or affiliate scheme. That’s Insurance allows customers to save their time and money, by being able to make an informed choice, safe in the knowledge that every online travel insurance policy has been taken into account.
*ABTA Survey May 2017

Contact: Jonathan Upton Tel: 07490919622
Email: Jonathan@thatsinsurance.com

Thatsinsurance is a trading name of The Meadowfields Group Ltd Company number 10655667
20-22 Wenlock Road, London N17GU UK