Consumers Missing Out On Travel Insurance Benefits Says Comparethemarket.Com

LONDON, July 6, 2011 -

Thousands of consumers are losing out on the full benefits of
travel insurance by leaving it right until the last minute to buy
cover, according to research released today by price comparison
website href="www.comparethemarket.com/">comparethemarket.com.

A sample of 65,000 quotes from comparethemarket
revealed that many consumers are purchasing their href="www.comparethemarket.com/travel-insurance/">travel
insurance just before they go on holiday. 20% of consumers take
out holiday insurance just 2 days before going away and therefore
miss out on a number of key benefits, including cancellation &
curtailment cover - which applies right from the point of
purchase. 

Such cover protects travellers forced to cancel their trip for a
wide range of reasons including:

• if you, a close relative or a guardian suffer a serious injury,
  accident or bodily injury
• if you are made redundant (if unaware of this when you booked
  the trip)
• if serious damage is caused to your place of residence (or
  business premises) by theft, fire, explosion or a force of
  nature
• if severe weather prevents you from travelling
• if you or your partner are a member of the armed forces and
  ordered to return to duty.

Jeremy Moll, Commercial Director at
comparethemarket.com commented on the findings,
saying: “Travel insurance is a must have purchase for people
travelling in the UK or abroad, but as our research shows many are
leaving it right to the last minute and therefore losing out on
many of the benefits the cover can provide. It’s definitely
worthwhile to make sure you plan ahead. Compare and choose the
right travel insurance cover for you well in advance of travelling
to ensure you can benefit from the full cover should you ever need
it.”

comparethemarket.com works with leading travel
insurance providers including Insure and Go, The AA, and American
Express in order to give their customers highly competitive quotes
on single trip, multi trip or annual cover for individuals,
families or business.

An improved quote journey introduced earlier in the year has
also made it even easier for consumers to compare and find the
right deal.

Vienn Chan at Good Relations. Tel: +44(0)20-7861-3108, Email: vchan at goodrelations.co.uk