Insurance myths debunked by Direct Travel Insurance

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Some people mistakenly believe they should forego it completely to save a few pounds, while others wrongly assume it covers travellers for absolutely anything they do.

Popular myths about travel insurance swing from one extreme to another. Some people mistakenly believe they should forego it completely to save a few pounds, while others wrongly assume it covers travellers for absolutely anything they do. Here we debunk 5 common myths about travel insurance:

1.    When money is tight some holidaymakers (an amazing one in five Brits travelling abroad in 2011) wrongly think they can get away without travel insurance, thereby saving a bit of cash. But if you weigh up the risk of a medical emergency that lands you with a bill for thousands of pounds, or losing all your belongings, then a holiday insurance policy from as little as £2.22* offers strong value for money.

2.    If you’re heading for Europe, whether for a beach holiday in Majorca or a city break in Prague, do not be fooled into thinking that the European Health Insurance Card is all you need. Far from providing comprehensive insurance cover, it only guarantees access to basic medical care. The benefits of travel insurance include repatriation costs (which can be very expensive), and cover for pre-existing medical conditions, private treatment, baggage and delays or cancellation.

3.    Do not assume that the British Embassy or Consulate at your destination will bail you out if something goes wrong. While they can provide advice and help contact relatives, they will not assist with any problems that travel insurance can cover, nor will they advance cash.

4.    Another mistaken belief is that taking out travel insurance covers holidaymakers for whatever they do. In fact, because insurance companies cover against risk, most policies will exclude, for example, accidents caused by alcohol. The good news is that most policies cover a wide range of activities, though you should always check policy wording and expect cover to be limited for extreme sports. Specialist ski insurance or backpacker travel insurance might be what you need.

5.    Cheap deals will not suit everyone. While cheap travel insurance can be perfect for travellers on a budget, it is unlikely to cover as many eventualities (or with the same benefits) as a more expensive policy. Of course, you don’t want expensive insurance just because it is expensive, so finding value is the key.

*Europe Single Trip Insurance from Direct Travel Insurance.

Notes for Editors

Established in late 1992 and trading since 1993, Direct Travel Insurance specialises in travel insurance for individual travellers, couples and families up to the age of 75. Direct Travel Insurance offers a range of cover options and added benefits including cover for over 100 sports and activities enabling customers to tailor their policies for single trip, annual multi trip, backpacking and winter sports.

All travel insurance policies are underwritten by Chartis Europe Limited. Direct Travel Insurance is a trading name of UNAT Direct Insurance Management Limited, which is authorised and regulated by the Financial Services Authority (FSA Number 312350). Chartis Europe Limited is also authorised and regulated by the Financial Services Authority (FSA Number 202628).

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Katie Elfer