Travellers have been told to look around for the best deals, but not focus solely on price.
Holidaymakers should look at a number of different travel insurance products before taking out a policy, it has been suggested.
Abta – The Travel Association spokesman Sean Tipton stated that “it’s always good advice” to shop around in order to find out what deals are available, however, people do need to be wary as the “levels of cover on offer can vary quite drastically”.
For this reason, he recommended that consumers ensure their decisions are not solely informed by price, as sometimes cheaper policies will not provide the level of cover that is needed.
Mr Tipton’s comments were made following research from Essential Travel, which indicated that major brands such as American Express, Barclays and the Post Office are charging significantly more for holiday insurance policies compared with the market’s going rate.
The company claimed that some businesses are using their names in order to charge customers more than the products are actually worth.