Annual travel insurance is a sensible purchase for people who find themselves making regular excursions, however recently policyholders may have found it a drain in their income. Travel outside or into the UK is currently prohibited, and there is no indication as to when the Government will loosen restrictions.
Can you get a refund on annual travel insurance?
Some travel insurers have committed to giving their customers a refund due to the COVID-19 crisis.
Several companies, including Axa, Direct Line and Churchill now offer pro-rata refunds to people who have ruled out travel due to the virus.
People who definitely don’t intend on travelling within their plan should request a refund with their insurer.
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Those who want a refund for their policy can only receive one if they haven’t already made a claim with it.
They should also carefully consider whether they want or need the policy at some point soon.
Many insurers no-longer offer policies for upcoming trips, and renewing an existing plan for next year might be simpler than buying a new one.
People who have policies near expiry will find some companies offer them the same level of coverage with renewal.
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According to Moneysavingexpert.com, plans with Axa and Coverwise will give a renewed policy the same level of cover.
People who have a holiday booked and a policy facing expiry should, therefore, consider keeping it booked with the same provider.
Before doing so, people should check with their provider to see whether they can get the same cover, however.
They should also note policies won’t cover holidays booked after the pandemic was declared or after an FCO warning was released.
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There is currently no end in sight for UK travel restrictions, and officials have suspended unnecessary trips “indefinitely”.
Brits are restricted to “all but essential” travel outside of the country, but some other nations have started to lift their restrictions.
France and Spain recently started relaxing their respective lockdowns, with select hotels allowed to open their doors.
French officials have said anyone coming into the country from outside the EU or UK will have to undergo a two-week quarantine.
UK residents may face several hurdles when they eventually consider taking an international holiday.
The country’s contact-tracing app developed by NHSX uses a different method to several international systems which may hamper future trips abroad.
The British method differs to the Apple and Google-based apps used in other countries such as Germany and Switzerland, rendering them incompatible.
If contact-tracing becomes a permanent part of international travel, Brits may be left in a two-week quarantine to eliminate concerns.