|  Travel
Insurance
Why do you need travel insurance when venturing
beyond these shores?
Medical bills
Medical costs overseas can be substantial; for example,
injury from a car accident in South Africa can lead
to medical costs of up to £146,000; a heart attack
in Spain, £35,000; a hip fracture in the USA,
£22,531. Medical expenses escalate if there is
a need for repatriation. In Europe’s most popular
summer destinations such as Greece and Spain, repatriation
costs are £11,500 and £8,000 respectively,
while the cost of an Air Ambulance from the US West
Coast to the UK is approximately £38,000.
Get the right cover for you
The Consumers' Association says its investigators found
extensive evidence of miss-selling by travel agents
in that just one out of 28 travel agents checked customers
for pre-existing medical conditions, as well as explaining
what the policy did - and did not - cover. Most Britons
pay over the odds and/or buy travel insurance that simply
doesn’t cover them - if you buy your insurance
from a travel agent, the chances are that you will pay
far more than you would if you bought it elsewhere.
Look beyond the travel agent
UK holidaymakers waste up to £250 million every
year buying their travel insurance from travel agents
rather than shopping around for more competitively priced
and more comprehensive cover.
Most tour operators and travel agents’ policies
offer relatively poor levels of cover and cost significantly
more than those of on offer from high street providers,
yet around estimated 60 per cent of travellers still
buy their insurance from them.
Policy checklist
Levels of cover vary widely, but the Consumers’
Association recommends that you should have:
• at least £1m of medical cover in Europe
• at least £2m in the States and the rest
of the world
• at least £1,500 baggage and belongings
cover - and watch out for policies which limit the amount
you can claim for any one item. Check that the total
covers you for what you’re actually taking abroad
• Personal liability of at least £1m, to
cover you if you cause injury or damage
• Compensation for trips which may be cancelled
or curtailed – and the costs of getting you home
in an emergency
• A 24-hour emergency line, and cover for your
legal costs as well
• Cover from an insurer that is a member of the
Financial Ombudsman Service, in case you need to complain
– the Ombudsman can intervene to make your insurer
settle
Getting more for your money
If you take a couple of trips a year, you can reduce
your costs with an annual policy which covers your summer
holiday, your winter skiing and the odd impromptu weekend
break or two as well (most annual policies allow unlimited
trips provided you do not spend more than 31 consecutive
days abroad at one time).
Read the small print
Whichever policy you choose, you should read the small
print carefully to check that you’re covered.
Avoid those credit card offers that drop onto the doormat
promise free holiday cover; they could just be offering
travel accident insurance, which is not comprehensive.
If you’re doing something slightly out of the
ordinary - like scuba diving in the Red Sea, the chances
are that these policies won't cover you.
Take care but do not leave home without it.
Our
Travel Insurance
We
quote for holiday insurance including business
cover, golfing holidays, annual multi-trip
and long stay. The schemes and Underwriters
vary depending upon their competitiveness
in the market
Trip Travel
This is a value-for-money scheme that provides
excellent levels of cover and is very competitive
(maximum age limit: 75 years)
Standard cover: Provides
the same levels of cover as the full package
policy but excludes the money and baggage
sections
Business cover: A competitive
policy in which the Business Extension increases
the baggage sum insured to £3,000
and delayed baggage to £500 (all other
covers are the same as the full package
policy)
Golfing holiday: This extension
to our full package policy provides cover
for golf equipment of £1,000 or £2,000
- as requested – (including the ‘set’
limit of £1,000) plus if the golf
clubs are delayed for more that 18 hours
on the outward journey a sum of £30
per day to hire golf clubs (up to a maximum
of £150)
Annual Multi-Trip Standard
This policy is only available to proposers
who currently hold any household policy.
Cover includes trips up to a maximum of
31 days, worldwide territorial area and
includes 17 days of winter sports cover.
A reduced premium is allowed for the spouse.
(Maximum age limit: 70 years)
Family Cover: Cover is
the same as the standard policy. A reduced
premium is allowed for a family of 2 adults
(under the age of 70) and their dependent
children under the age of 18 years
Long Stay: Covers long
stay trips over 2 months with an each additional
month premium charged accordingly. (Maximum
age limit for this policy is 45 years)
Medical Conditions
Pre-existing health conditions are excluded
from cover; however, the Insurers will consider
applications. Please forward the relevant
proposal form together with a note of the
medical condition, what medication that
is being taken together with a Doctor’s
note stating that you are fit to travel
and are not travelling against medical advice.
Applications will be referred to the underwriters
for acceptance / terms.
Non standard travel
There are a number of types of travel business
that we are unable to provide on the quotation
system, such as hazardous sports including
winter sports that include off-piste skiing
etc. Please contact us and we will be happy
to deal with your enquiry |
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Untitled Document
Your Mortgage Options LLP is authorised
and regulated by the Financial Services Authority for
regulated mortgage contracts and non-investment insurance
contracts.
We offer products from a range of insurers for home
insurance, term assurance and critical illness protection.
We only offer products from a limited number of insurers
for mortgage payment protection insurance. Ask us for
a list of the companies and products we offer.
We will advise and make a recommendation for you for
life and critical illness insurance after we have assessed
your needs. You will not receive advice or a recommendation
from us for home insurance or mortgage payment protection.
We may ask some questions to narrow down the selection
of products that we will provide details on. You will
then need to make your own choice about how to proceed.
We do not charge a fee for any non-investment insurance
contracts. You will receive a quotation which will tell
you about any other fees relating to any particular
insurance policy.
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