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Claims costs on the rise

29/04/2014

Claims costs continue to rise...

It will come as no great surprise that Medical Claims costs continue to rise at an alarming rate. Across a mix of schemes, we have seen average costs increase by 60% in the last 4 years. As you would expect the USA is one of the greatest challenges with the Obama Reforms already impacting on charges being made to non-US Nationals.

Higher numbers of people travelling to long-haul destinations presents additional challenges to assistance service providers (and hence insurers) due to a lack of adequate medical resources and high repatriation costs – examples include China, Nepal and Vietnam. Closer to home, costs being levied in Spain continue to rise with similar patterns in other popular destinations such as Turkey and Portugal.

Cancellation claims costs are also rising due mainly to the popularity of Cruises and "all-Inclusive” holidays – indeed the Package Holiday is now back in vogue!

What does this mean for Travel Insurance? Inevitably premiums have to at least keep pace with the claims costs. The travel insurance product offerings should also reflect what the customer needs. That is why we at Travel Insured continue to monitor the policies we offer and continue to look at new and innovative policies to ensure the cover we offer truly meets the needs of the travelling public

Advisor's tip

Be careful of premiums that seem too good to be true. Usually they will be with various exclusions that make it harder to claim. It is always best to discuss your travel plans with a specialist broker and ensure you get a policy that will provide the cover you need. No one wants to re-mortgage their home to pay medical or repatriation costs.

If you suffer from an exisiting medical condition

Please remember that as a specialist in insuring travellers with pre-existing medical conditions we are able to help you ensure the perfect trip!


This product is provided to Travel Insured by goodtogoinsurance.com who are appointed representatives of Ancile Insurance Group Ltd who are authorised and regulated by the Financial Conduct Authority – no.471641 By clicking the box at the foot of this page, you will be taken to our dedicated travel insurance site provided by goodtogoinsurance.com where you will be able to get a travel insurance quotation and view full policy information. The quotation you will obtain is provided on a non advised basis which means that no advice is given or implied and you are solely responsible for deciding whether the policy is suitable for your needs. Contact us if in doubt or if you require advice.

This insurance would meet the demands and needs of someone who wishes to insure their trip away from their home for cancellation costs, medical expenses and other specific risks required for that trip according to their individual circumstances..


If you experience any problems when using the site, contact us on 0845 850 1066.

I have read and understood the above detail

click here to obtain an online quote

This product is provided to Travel Insured by Ancile Insurance Group Ltd who are authorised and regulated by the Financial Conduct Authority - no.471641. By clicking the box at the foot of this page, you will be taken to our dedicated travel insurance site provided by Ancile Insurance Group Ltd where you will be able to get a travel insurance quotation and view full policy information. The quotation you will obtain is provided on a non advised basis which means that no advice is given or implied and you are solely responsible for deciding whether the policy is suitable for your needs. Contact us if in doubt or if you require advice.

This insurance would meet the demands and needs of someone who wishes to insure their trip away from their home for cancellation costs, medical expenses and other specific risks required for that trip according to their individual circumstances..

If you experience any problems when using the site, contact us on 0845 850 1066.

I have read and understood the above detail.

click here to obtain an online quote

This product is provided to Travel Insured by Ace European Group Ltd who are authorised and regulated by the Financial Conduct Authority – no.202803. By clicking the box at the foot of this page, you will be taken to our dedicated business travel insurance site provided by Ace European Group Ltd where you will be able to get a travel insurance quotation and view full policy information. The quotation you will obtain is provided on a non advised basis which means that no advice is given or implied and you are solely responsible for deciding whether the policy is suitable for your needs. Contact us if in doubt or if you require advice.

This insurance would meet the demands and needs of a business which wishes to insure business trips away from the UK for cancellation costs, medical expenses and other specific risks required for that trip according to their individual circumstances..

If you experience any problems when using the site, contact
us on 0845 850 1066.

I have read and understood the above detail.

click here to obtain an online quote

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Travel Insured is a trading style of Manor Insurance Services Ltd, registered office 93/97 Bohemia Road, St Leonards-on-Sea TN37 6RJ Company registration number 4824667.
Authorised and regulated by the Financial Conduct Authority 303639

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