Travel insurance policies have been found to be worthless when it comes to making some claims, including for missed flights.
A report by Comparethemarket.com found a large number of travellers didn’t fully understand what they were insured for while travelling.
Comparethemarket.com found that nearly a third of single-trip policies do not cover missed connections in the UK and 14% do not pay out for missed flights.
Cheap policies are unlikely to pay out for loss of luggage or expensive valuables and the excesses claimants have to pay are high.
Nearly half only covered valuables under £250 and people wrongly assumed they are covered in all instances.
Just under half of policies only cover cancellation up to £3,000, meaning families who pay more than that for their holiday will lose out.
Another piece of research by GoCompare.com reveals that having a valid European Health Insurance Card (EHIC) could mean holidaymakers in Europe could avoid paying an excess fee for medical treatment, according to the Daily Telegraph.
Of 734 insurers offering single-trip policies, 671 said they were willing to reduce excess fees to zero in the event of a claim, as long at the traveller had used their EHIC when receiving treatment.
On some occasions seeking medical treatment without using the EHIC card can mean the insurer will refuse to pay out, according to GoCompare.com.
