Finance Shop > Insurance | Tuesday 3 February 2009

Wintry weather 'highlights importance of travel insurance'

The recent bad weather has served as a reminder of just how important travel insurance can be, it has been suggested.

According to the Association of British Insurers (ABI), people with cover should receive compensation if they have been delayed at snowbound airports.

The organisation explained providers usually pay out if a customer has been held up for a certain period of time - usually eight or twelve hours.

It stated policy holders generally receive around £50 for every additional eight or 12 hour delay, up to a set maximum.

People who are unsure if they are entitled to a pay-out were advised to contact their provider.

Nick Starling, ABI's director of general insurance and health, commented: "Severe weather conditions cause great disruption and inconveniences - and insurance is there to help soften the blow."

Meanwhile, the industry body recently urged people buying travel insurance consider a variety of factors when choosing a policy, rather than just price.



Related Articles:
Brits 'travelling further afield'
Comparison websites 'should give meaningful information'
Book inoculations ASAP, says travel group
Pedigrees can cause higher pet insurance, says ABI
Single premium PPI 'should be banned by Competition Commission'