Travel insurance is yet another in a long list of costs as we head overseas for a little rest and relaxation this summer, so it is tempting to give it a miss and keep the cash instead for a cocktail by the beach. In fact, this is just what one in seven UK tourists does when going abroad, reports market research company Defaqto.
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Travel insurance is usually purchased as a standard combined package of covers designed to protect you from a variety of adverse events that could occur while you are on holiday.

These typically include:
* Providing some financial recompense if your trip is cancelled or curtailed due to circumstances beyond your control
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“Buying travel insurance is a risk: You are trading a known certainty (your hard earned money) for an unknown quantity - the promise of the insurance policy doing what it says it will do.”

The promise by the travel insurance company to pay is based on the policy’s wording - commonly known as the “Certificate of Coverage”. Unfortunately, the majority of buyers (and in my opinion sellers, too) only read the policy brochure.
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