Make Sure to Check Your Travel Insurance Policy as Providers Get Tougher on Paying Out Claims

Sept. 29, 2011 - PRLog -- Many holidaymakers are falling foul of tough policies set by some of the leading travel insurance companies to help them get out of paying peoples claims by relying on the wording used in their policies and information in the small print.

“Many travel insurance companies are managing to get out of paying peoples insurance claims by relying on details in their small print,” said James Jones from Poor Credit Loans 4 You.      http://www.poor-credit-loans-4-you.co.uk/holiday-loans-uk-holiday-loans-for-people-with-poor-credit-holiday-loans-uk-money-for-holiday.html

There is an increasing number of people suffering misfortunes abroad, such as people having their cash and possessions stolen, trips being cancelled, people falling ill before they head away and more.

Medical Cover alone can cost insurers up to £6 million a week, which could be one of the contributing factors to insurance companies tightening their belts.

For people who have had their claims rejected you can head to the Financial Ombudsman Service and they may be able to help you with your claim.

A spokesman for the Financial Ombudsman Service said, “We always start by looking at the policy documents. Some insurers have very tightly worded policies, their definitions are very precise and there are cases where the decisions can be quite clear-cut. Where wording is a lot looser, then that is when there can be interpretation.”

There are many different stories out there about different cases having different outcomes, so it is better to head on holiday with travel insurance rather than risk not having any when travelling.

"Many people are caught out because numerous banks are offering ‘free’ travel insurance with their cards and current accounts, so people are heading on holiday assuming that they are fully covered by the insurance, yet they may not be getting the cover they need,” said James Jones from Poor Credit Loans 4 You.

Companies such Thomas Cook get around the UK Ombudsman helping people by having their own travel insurance company called White Horse, which is based in Ireland, thus ruling out any possibility of the UK ombudsman helping, and with the UK Ombudsman considered to be one of the most efficient in the world, it is preferable to have them helping you.

When looking to get travel insurance with a budget provider, it can be a risky business as they do things such as not covering people with pre-existing medical conditions, they ask for specific things such as police reports, which in some countries can be difficult to get hold of, they use the word “reasonable” in their policy as the insurer can interpret this in many ways and also define the term ‘close relatives’ differently, so if you have a close relative die you may not be covered if you cancel your holiday because of it.

“There are many different traps that you could fall into with your travel insurance so they that they don’t have to pay out to you, most of which come with going for a cheaper, budget holiday insurance provider, so make sure to double check you have all the cover you need when heading abroad as you never know what may happen," said James Jones from Poor Credit Loans 4 You.        http://www.poor-credit-loans-4-you.co.uk/money-for-holida...

Missing connections is also when many people are rejected for insurance claims as many policies will not cover additional costs.

Poor Credit Loans 4 You helps out people who fear they have been blacklisted because of past poor credit history which could include CCJ’s and defaults, arrears, late credit card payments or repossession.

Poor Credit Loans 4 You holds a Consumer Credit Licence issued by the Office of Fair Trading.

Poor Credit Loans 4 You is also covered by the Financial Ombudsman.

Poor Credit Loans 4 You is also registered with the Information Commissioner’s Office for Data Protection.

For help, phone 0800 215 5860
Or visit:     http://www.poor-credit-loans-4-you.co.uk/holiday-on-credi...

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Notes for Editor:
Loans 4 You of London Ltd
Innovation Centre
Monks Brook
PO30 5WB
United Kingdom

Tel: Free Phone 0800 215 5860

Poor Credit Loans 4 You was formed in order to ensure people with poor credit had access to specialist help in securing the poor credit loans they need.

From its UK head office in Monks Brook, Loans 4 You operates across Britain, sourcing poor credit loans for people with poor credit.

Poor Credit Loans 4 You holds a Consumer Credit Licence issued by the Office of Fair Trading.

Poor Credit Loans 4 You is also covered by the Financial Ombudsman.

Poor Credit Loans 4 You is also registered with the Information Commissioner’s Office for Data Protection.

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Poor Credit Loans 4 You is a top UK specialist for Poor Credit Loans for people from all over the UK.

Its wealth of experience in the Poor Credit Loan industry means it gets the best deals for people seeking a poor credit loan.

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