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Travel Insurance - Covered Multiple Times...
gecko
Posts: 29 Forumite
Just a quick question,
As part of my house insurance I have european travel insurance; I also have this as part of my bank account (different company). My OH also has travel insurance for both of us through a credit card...
If I needed to make a claim to one of the companies, would I have to disclose that I have cover in place from the others as well?
Gecko
As part of my house insurance I have european travel insurance; I also have this as part of my bank account (different company). My OH also has travel insurance for both of us through a credit card...
If I needed to make a claim to one of the companies, would I have to disclose that I have cover in place from the others as well?
Gecko
Orig. (10/2011) £130,400 over 30 years (60 years old) 
Current (03/2013) - £118,093 (56 years old)
Aim (11/2023) - £0 (42 Years old)
Current (03/2013) - £118,093 (56 years old)
Aim (11/2023) - £0 (42 Years old)
0
Comments
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You are supposed to and the insurers will split the cost of the claim between themselves. Likewise if you claim for baggage you normally would also have to declare your home insurance, they will check if that would also provide cover and if it does your home insurers share in the claim too.0
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when they do that - if you have a claim lower than your excess - how does that affect matters?0
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Most dont "do it" but it happens by having multiple financial products that happen to include free travel insurance.
If a claim is lower than the policy excess evidently you cannot claim.0 -
I realise that this is an old thread but I've come across it in searching the forum - I'm in a similar position with a lost article while on holiday and I've discovered that I have free travel insurance linked to two different bank accounts.
In response the original query above, it appears that the claim could be shared between the two insurers. However, what happens to the excess in this case? For example, say I wish to make a claim for £200 and the excess is £100 on both policies. If the claim is distributed to both companies (ie, £100 each) will they both apply the full £100 each for the excess (ie, I cannot claim the £100 each from them) or will they pro-rata the excess between them?
If it's not pro-rata'd then I'm in a ridiculous situation of effectively have double the excess just because I'm "over insured" as a result of perks attached to bank accounts.0 -
You only pay one excess, so claim off the policy with the lowest one (assuming that it's limit is also satisfactory)0
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