Holiday Insurance. Heres why it pays NOT to insure.

zagfles

Bob_the_Saver wrote: »

Holiday Insurance. Heres why it DOES pay to insure

http://travelmag.co.uk/?p=1481

It's worth having medical cover (especially outside Europe), but that doesn't have to be travel insurance. If you have private medical insurance this often covers you for holidays - my works medical plan covers the whole family for holidays abroad (inc repatriation, and no exclusions for existing conditions or if you've recklessly consumed an alcohol drink on your holiday!).

I haven't bothered with travel insurance for the last 10 years. My house insurance also covers a lot of risks (eg theft from a building).

Though Nationwide have just given me free travel insurance - the kids aren't covered though - wonder how that would go if we had to cancel a ferry crossing/hotel??

System

Letsby_Avenue wrote: »

You are right, but if you read m original post, the policy was described as £1500 personal effects cover. I didnt think to believe it would not be.

All insurers do this. Always always always read the fine print before you buy any insurance.

e.g. at the top of many comparison searches for European cover (mentioning no names)

- £35 for insurance with £500 personal effects cover and £100 excess

- Small print: valuables only covered to the amount of £100 each.

Voyager2002

Letsby_Avenue wrote: »

The house insurance claim wouldnt work now because I have claimed on the holiday cover and its not possible to claim from two policies for the same item or accident.

I no longer have a camera so a claim is not possible anyway.

Not true.

You can claim against any valid insurance policy that you have in place, but you MUST tell each insurer about the others. That way, you cannot claim more than the amount of your loss and the various insurers can divide up the loss among themselves.

Read your home insurance policy carefully, and if you think it includes cover for your camera then I urge you to let them know what has happened and make a claim against it.

GlennTheBaker

Please can the thread title be changed to "Holiday Insurance. Here's what happens when you don't read the terms and conditions".

dzug1

Letsby_Avenue wrote: »

All because I did the wrong thing and took out holiday insurance

:beer:

So because a damage claim didn't qualify under the policy, you think it would have been better not to have bought insurance at all and paid your own cancellation, medical, etc, bills had they arisen?

Nice logic if you can make it work

Bob_the_Saver

zagfles wrote: »

It's worth having medical cover (especially outside Europe), but that doesn't have to be travel insurance. If you have private medical insurance this often covers you for holidays - my works medical plan covers the whole family for holidays abroad (inc repatriation, and no exclusions for existing conditions or if you've recklessly consumed an alcohol drink on your holiday!).

For how many days maximum?

Letsby_Avenue

GlennTheBaker wrote: »

Please can the thread title be changed to "Holiday Insurance. Here's what happens when you don't read the terms and conditions".

Even if I read the terms and conditions, I would still need the medical cover and repatriation element of the insurance.

I think this might be a case of a policy being described as having £1500 of cover when it is not.

It should have been described as having £150 personal effects cover.

zagfles

Bob_the_Saver wrote: »

For how many days maximum?

Something quite high - think it's 90 days.

Bob_the_Saver

zagfles wrote: »

Something quite high - think it's 90 days.

Not nearly long enough for me then

zagfles

Voyager2002 wrote: »

Not true.

You can claim against any valid insurance policy that you have in place, but you MUST tell each insurer about the others. That way, you cannot claim more than the amount of your loss and the various insurers can divide up the loss among themselves.

Read your home insurance policy carefully, and if you think it includes cover for your camera then I urge you to let them know what has happened and make a claim against it.

Yes a personal possessions section of a home insurance policy may cover it. I don't have personal possessions but the general policy covers items away from the home while in a building (so wouldn't cover this case).