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Post by artisans on Sept 25, 2010 10:22:00 GMT 2
It is being predicted that travel insurance premiums will rise by over 20% because of VAT and large losses by insurers. It is also disturbing that age restrictions are being tightened and pre-existing medical conditions will take a bigger toll. Before long, only the fit and healthy under the age of 60 will be able to travel. One wonders how the travel companies will react as market size is reduced by insurers. It is thought that all the new measures will be in place by January 2011.
Interestingly, an insurance loophole has been uncovered. The Sainsbury's Gold Card charges accepted new cardholders just £5 per month for a range of features: chiefly, travel insurance which covers two adults (under 65) and up to six children worldwide, including up to 17 days of winter sports per year. For a full year this would cost £60. Sainsbury's has confirmed the travel insurance kicks in immediately and there is no minimum time for which you must hold the card. It is thought that some people may even try to take out the card just before travelling and cancel it again on their return, thus paying as little as one month’s premium. Every little helps …. Oops! Wrong company!
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Post by georgeramsey on Sept 19, 2018 11:42:30 GMT 2
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