Many travel companies adding unnecessary travel insurance cover

According to some industry experts many consumers who are heading off on their travels are being ripped off by travel companies that are adding insurance cover that is not actually required. Read more

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Wedding insurance “more commonplace”

It is becoming easier and “more commonplace” for couples to take out wedding insurance, according to a spokesman for Debenhams.

More people are now aware of the availability of wedding insurance products whereas previously it was difficult to find a provider.

However, although it is easier to find, some couples spend so much on the big day they get to a point where they will not spend anything else says Dan Tremain, product development manager for Debenhams.

“They’re spending tens of thousands of pounds but they won’t spend fifty quid to insure the £20,000 effectively,” he said.

Research by Debenhams also revealed that the number of wedding cancellations is on the rise.

Illness among close relatives is the most likely reason for calling off the big day while cancellations have increased by almost half over the past 12 months.

Debenhams are expected to launch wedding insurance with £30,000 cancellation cover as standard. A more exclusive option should also be available with cover worth £70,000.

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Travel Insurance – Keep Your Holiday Protected!

Holidays aren’t exactly cheap these days. Gone are the years when you could pitch up at the English seaside and spend a couple of weeks with the kids paddling in a storm tossed grey sea at Scarborough or Blackpool. These days of sunshine abroad and quality children’s entertainments come at a price. Today, there’s no better reason to insure your holiday. Read more

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£6.1bn cost of holiday cancellations

British holidaymakers lost a combined total of £6.1 billion last summer because they had to cancel their trips.

Figures released by More Than show that millions of people lost out financially because they did not have travel insurance.

People were forced to pay for travel and accommodation which they had booked despite never actually making it to their destination.

Travel insurance is a key element to any holiday and can at least help to prevent a bad situation from getting any worse.

More Than says that 26 per cent of travel claims it dealt with last year were for cancellation of holidays, something the firm believes is positive news.

“It’s encouraging that holidaymakers are catching on to the importance of travel insurance, but many still don’t realise that by purchasing their policies late, they miss out on valuable cancellation cover,” commented Keira Clarke, head of travel insurance at More Than.

“We encourage travellers to arrange their insurance at the same time as they book their break, to ensure they’ll be covered if anything goes wrong before the trip.”

According to More Than, the average travel insurance claim for cancellation of a holiday stood at around £856 last year.

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