16 April 2007 Travel agents' insurance 'a rip off'
Consumers have been warned that they may be paying over the odds if purchasing travel insurance through their travel agency.
Research from InsureandGo reveals that travel insurance purchased from travel agents is 15.5 per cent more expensive when compared with the average market price.
Perry Wilson, a director at the firm, commented that this evidence simply makes the case for regulation of the sale of travel insurance through travel agents by the Financial Services Authority.
"As if it isn't bad enough that travel agents are indulging in heavy-handed and misleading practices to sell their insurance products, now we find that they are massively overcharging customers too," he said.
Last year, Direct Line claimed that the sales practices of travel agents put holidaymakers at risk of purchasing inadequate or inappropriate cover for their trips.
The firm reported that 64 per cent of Britons purchasing travel insurance from travel agents had not had their policy clearly explained to them, resulting in 13 per cent being unaware of their level of cover.
Archive Travel Insurance News Stories
Related Travel Insurance News
26 March 2008 Women 'confident' to travel alone
Women have become more confident to travel to traditional and emerging... [more]
26 March 2008 Paris and Bruges 'are emerging destinations for city breaks'
Paris and Bruges have been named as emerging destinations for city breaks in... [more]
26 March 2008 Princess takes birthday trip to traditional ski resort
Princess Eugenie, daughter of Sarah Ferguson, Duchess of York, and the Duke of... [more]
26 March 2008 Snow falls across Europe
Snow has been falling across Europe in the past week, leaving many traditional... [more]
Get a travel insurance quote today from Travel Insurance Web, comprehensive cover at an amazingly low price.
