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 Axa launches travel insurance for independent holidaymakersExpatriate Medical Insurance news about Medical Insurance, Health Insurance, Health Care Insurance, Expatriate Health Insurance, Affordable Health Insurance, Cheap Health Insurance.  Those who have opted to arrange their vacation on their own this summertime might have left themselves exposed even if they have taken out traveling insurance, insurance company Axa warns.As the summertime holiday season approaches, 1000000 of Britons are preparing to traveling abroad, and thanks to widespread internet entree and low-cost airlines engagement independent vacation has become considerably easier in recent years â€" and often cheaper. Therefore, the figure of mugwump travellers, which amounted to 16 1000000 in 2006, has now overtaken the figure of bundle holiday travellers. However, many mugwump travellers are wholly unaware that there may be gaps in their traveling insurance cover if they book the trips themselves. With a bundle holiday, supplier are lawfully obliged to make suitable arrangements for eventualities like cancelled or delayed flights or missed connections, but mugwump holidaymakers have to make proviso themselves, and pay extra for them. Axa's new traveling insurance for mugwump travellers computer address this issue by offer an optional top-up of their annual policies for £10, which screen a figure of areas such as missed connections, forsaking of trip, denied boarding, missed or cancelled flights and cost of option accommodation. "We are aware from our own claims area that mugwump travellers have run into job with their traveling insurance," Prince Edward Dutton, Axa's manager of personal insurance, confirmed. "A recent report from Defaqto underlined the need for insurers to offer cover that helps client when things go wrong - the things that would usually be picked up by a tour operator or traveling agent if it were a bundle holiday." Mr Dutton called on other insurers to take action on this issue: "We believe that the rise of the mugwump traveller is something that all insurers should be addressing â€" as the Ombudsman pointed out in his latest report ‘There is clearly a mismatch in what insurers intend to offer and the cover that consumers believe they are buying.'" Addressing the issue of travel insurance is all the more crucial as, despite the economic gloom and rising cost of living, consumers still seem willing to splash out for their holidays, a recent survey by the CBI revealed. CBI's chief economic advisor Ian McCafferty confirmed that: "Travel companies reported healthy demand for holidays in the past three months, with people more inclined to take a well-earned break as rising costs put greater demands on household spending,". ©Fair Investment Company Ltd More Expatriate Medical Insurance News |